Menu
| Company Profile |
|
THE PROFILE OF
THE SMALL ENTERPRISES DEVELOPMENT COMPANY LTD.
THE MANDATE
The Small Enterprises Development Company Limited (SEDCO) is committed in the Development and Promotion of Swazi owned Small, Micro and Medium sized Enterprises (SMME’s) through out Swaziland. It has been doing that for over 39 years through the provision of package of services that suit the needs of the market.
MISSION STATEMENT
The mission statement of SEDCO is “To contribute to the country’s economic development through facilitative entrepreneurial activities to create a vibrant SMME sector and meaningful support to Swaziland’s poverty reduction programmes.
The Motto
SEDCO motto is “ Business Growth is our Business”.
THE GOAL OF SEDCO
The main goal of SEDCO is to help stimulate the Micro, Small and Medium Scale enterprise sector, which contributes to increased employment opportunities and the creation of wealth through turning job seekers to job makers.
CORPOATE GOVERNANCE
The Board of Directors subscribes to the principles of corporate governance as pronounced in the King’s recommendation on corporate governance. The Board also retains full responsibility for the direction and control of the company. The company maintains systems of internal controls designed to guard against material losses and to provide reasonable assurance that the assets are safeguarded against unauthorized use and that transactions are properly authorized and recorded.
BACKGROUND
SEDCO is a category “A” public enterprise under the Ministry of Commerce, Industry and Trade established in 1970 to awaken, promote and support entrepreneurial talent with a vision and prime focus to create jobs and sustainable employment within the Small, Micro and Medium Sized Enterprises (SMME’s) and thus make meaningful contribution in the larger socio-economic development of the country. Since establishment, a nationwide demand for SEDCO’s business education, training and consultancy services has been observed from active and potential entrepreneurs. Through our services, a substantial number of our clients have received financial support from local financial institutions. This is an indication that SEDCO is aggressively taking its rightful role in facilitating and guiding entrepreneurial activities in the country’s critical economic driver, the SMME sector.
HUMAN RESOURCES
The staff complement is currently at 34 employees, which is lead by Mr. Dorrington Matiwane as the Managing Director.
The company is keen to keep and maintain healthy employees. Employees enjoy contributory medical schemes as well as compulsory pension and group life cover. In addition, members of staff also benefit from housing scheme through the metropolitan Defined contribution Scheme.
The company is also committed to staff development and training of its employees to better face the challenges that come with business opportunities. The employees are trained in different courses relevant to challenges of their scope of work.
MARKET OUTREACH
SEDCO has built estates and offices in the four regions of Swaziland a position that makes SEDCO reaches her clients easily. Offices are situated in the following areas:
The company also uses the tinkhundla centers to get in touch with its clients.
|