Seda and Sefa obtain clear audits and excellent performances

On 9 October 2019, the Portfolio Committee on Small Business Development mentioned in a press release that it welcomed the efficiency and monetary annual reviews of the Division of Small Enterprise and its entities for the 2018-19 monetary yr.

Seda and Sefa obtain clear audits

A press release revealed that the Small Enterprise Improvement Company (Seda) and Small Enterprise Finance Company (Sefa) achieved clear audits. Nonetheless, based on the assertion, the division acquired an unqualified audit with some findings.

The division and its two entities, Seda and Sefa, all appeared earlier than the committee on Wednesday. They gave a short to the committee on their annual efficiency reviews for the 2018/19 monetary yr.

Small enterprise departments carry out properly

Committee chairperson Violet Siwela mentioned that whereas the report mentioned Seda’s and Sefa’s efficiency was excellent, it felt that the division itself had carried out properly. 

Siwela added:

“Unqualified audit is a giant step in the appropriate path, contemplating that the division didn’t have an organogram within the yr underneath evaluate.”

Violet Siwela, Committee chairperson

Siwela’s warning to the division

She additional warned:

“We advocate that it pays consideration on the areas of concern that had been raised by the Auditor-Basic to realize a clear audit.”

Violet Siwela, Committee chairperson

Committee encourages Seda and Sefa to work collectively

The committee additionally recommended the alignment of the providers Sefa and Seda offered and inspired the 2 entities to proceed working collectively to deal with the wants of the small, medium and micro enterprises. 

By African Information Company (ANA); Modifying by Naomi Mackay Protection Status