As of 01 October 2024, the Small Enterprise Development and Finance Agency, Sedfa commenced its operations. This new entity was formed when the Small Enterprise Finance Agency (sefa), the Small Enterprise Development Agency (Seda), and the Cooperative Banks Development Agency (CBDA) officially merged to create (Sedfa) under the National Small Enterprise Amendment Act of 2024 (NSEA).

This significant development creates a unified institution dedicated to supporting the growth and development of Micro Small and Medium Enterprises (MSMEs) across South Africa.