The Small Enterprise Development Agency (seda) was established in December 2004 in terms of the National Small Business Amendment Act.This law merged the previous small enterprise development agencies Ntsika Enterprise Promotion Agency, NAMAC Trust and the Community Public Private Partnerships (CPPP) into a single small enterprise support agency.
Nature of Work
The mandate of seda is to design and implement a standard national delivery network that must uniformly apply throughout the country. Its role includes the support and promotion of co-operative enterprises, particularly those located in rural areas.
The work of seda is carried out in line with the Department of Trade and Industry`s Integrated Small Enterprise Development Strategy, which aims to:
Strengthen support for SMMEs` access to finance
Create an enabling regulatory environment
Expand market opportunities for specific categories of small enterprises
Localise small business support through a grid of seda-coordinated information and advice access points
Initiate a national entrepreneurship drive and expand education and training for small business
Co-fund minimum business infrastructure facilities in local authority areas across the country
In terms of this strategy, seda`s delivery network must reach all regions of the country and integrate government-funded small enterprise support across all tiers of government.
Regarding business infrastructure facilities, the strategy expects that the integrated strategy has to link up closely with current local economic development (LED) efforts in all municipalities.