Project: The Sustainable Enterprise Development Facility for Job Creation in South Africa
Partner: International Labour Organisation (ILO)
Budget: 3.305.000 euro
Duration: 1.01.2014 –31.12.2016 (extended till 31.06.2017)
The development objective of the proposed Sustainable Enterprise Development Facility (SEDF) for South Africa is to create decent jobs for men and women in three provinces through entrepreneurship promotion and development of Micro, Small and Medium Enterprises (MSMEs) in sectors and value chains with employment potential. The creation of jobs and enterprises within these sectors will be achieved through a strengthened collaboration between private and public sector partners to identify gaps in the market where real business opportunities lie.
The immediate project objectives are:
- To nurture a culture of entrepreneurship among young men and women
- To improve the enabling business environment
- To better match demand for and supply of business development services (BDS)
- To stimulate innovation, entrepreneurship and sustainable enterprise development
The project builds on the outcomes and results of the Free State SME Development Initiative and is an extension and expansion of this initiative to the entire Free State (FS) province as well as to the province of Kwazulu Natal (KZN).