Seda and Sefa receive clean audits and outstanding performances_1

On 9 October 2019, the Portfolio Committee on Small Business Development said in a statement that it welcomed the performance and financial annual reports of the Department of Small Business and its entities for the 2018-19 financial year.

Seda and Sefa achieve clean audits

A statement revealed that the Small Enterprise Development Agency (Seda) and Small Enterprise Finance Agency (Sefa) achieved clean audits. However, according to the statement, the department received an unqualified audit with some findings.

The department and its two entities, Seda and Sefa, all appeared before the committee on Wednesday. They gave a brief to the committee on their annual performance reports for the 2018/19 financial year.

Small enterprise departments perform well

Committee chairperson Violet Siwela said that while the report said Seda’s and Sefa’s performance was outstanding, it felt that the department itself had performed well. 

Siwela added:

“Unqualified audit is a big step in the right direction, considering that the department did not have an organogram in the year under review.” Violet Siwela, Committee chairperson

Siwela’s warning to the department

She further warned:

“We recommend that it pays attention on the areas of concern that were raised by the Auditor-General to achieve a clean audit.” Violet Siwela, Committee chairperson

Committee encourages Seda and Sefa to work together

The committee also commended the alignment of the services Sefa and Seda provided and encouraged the two entities to continue working together to address the needs of the small, medium and micro enterprises. 

By African News Agency (ANA); Editing by Naomi Mackay