In a significant development, the Small Enterprise Finance Agency (Sefa), the Small Enterprise Development Agency (Seda), and the Cooperative Banks Development Agency (CBDA) have officially merged to form the Small Enterprise Development and Finance Agency (Sedfa).
As of 1 October 2024, Sedfa commenced its operations, creating a unified institution dedicated to supporting the growth and development of Micro Small and Medium Enterprises (MSMEs) across South Africa.
The merger is in response to the National Small Enterprise Amendment Bill signed by President Cyril Ramaphosa on 23 July 2024. Sedfa is incorporated as a State-Owned Company, with the State as the sole shareholder.
According to Sedfa, its objectives include designing and implementing development support programs for small enterprises, promoting a service delivery network, and supporting cooperative banks and financial institutions.
Sedfa offers comprehensive support to build and sustain competitive small enterprises, focusing on promoting entrepreneurship, creating an enabling environment, and ensuring equitable access to resources.
The agency provides both financial and non-financial support, including business assessments, technology upgrades, and financial solutions. Sedfa’s services aim to address the unique challenges businesses face, providing tools and resources for sustainable growth and success.
Stakeholders can continue to access support and assistance through the sefa, Seda, or CBDA websites or regional offices until all services are consolidated by 1 December 2024.
The Sedfa brand is currently under construction, and stakeholders can contact the agency at info@sedfa.org.za for inquiries.
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