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TRAINING COURSE - SME DEVELOPMENT FINANCING
1 - 3 August 2012
[VENUE]
[CLOSING DATE FOR REGISTRATION]
Dr. Sharron McPherson
View CV
Name of Course: Introduction to SME Development Financing Course for Practicing Professionals in both Public and Private Institutions
Length of Course: Three full days
Participants: The course targets project or program managers who have responsibility for investing, managing or analyzing development finance transactions that target small and medium enterprises (SMEs). The course is designed for professionals, entrepreneurs and business owners who are actively engaged in designing, introducing and managing implementation of finance for SMEs within their respective organizations. The course will be relevant for individuals and teams from the public sector, private sector, non-governmental organizations as well as owners/managers of SMEs that are seeking to better understand the role and impact of development finance on this important segment of the market.
Entry Requirements: Participants must hold a minimum of a diploma in social or applied science disciplines.
Training Objectives: The primary objective of this course is to provide participants with the theoretical background and analytical tools necessary for sound financial decision-making, particularly in small and medium enterprises (SMEs). The course will also emphasize financial decision-making from the perspective of institutions such as development and commercial banks, private equity funds, DFIs, and other state-owned entities (SOEs) providing capital to smaller, innovative, growing and startup firms.
At the end of the training course, candidates will be able to:
- Distinguish enterprise development funding from corporate finance/private equity transactions and apply appropriate analytical tools;
- Analyze project viability;
- Design appropriate development financing transactions for SMEs;
- Structure the potential investment projects;
- Develop viable exit strategies for SME Financing;
- Perform a detailed discounted cash flow analysis of a project;
- Financially model a simple investment proposal utilizing Microsoft Excel;
- Distinguish the pros and cons of various project evaluation models;
- Identify and analyze issues major regulatory and macroeconomic issues for host governments funding SME development programes; and
- Develop innovative strategies for effective SME funding and management of investment risk.
Cost: R9000 (excl vat)
(includes tea/coffees, lunch and course material)
Certification: Attendance Certificate
Course Content:
The following materials will be covered in the course:
Day 1 |
Day 2 |
Day 3 |
Introduction to SME Development Financing |
Understanding the SME Financing Landscape |
Application of Learning to SME Funding Project - Interactive Case Study |
- The Small and Medium Enterprise (SME) Defined
- Business Structures and Governance
- The Business Objective
- A Brief Introduction to the Financial Environment
- SME Financial Instruments and Securities
- Life Cycle And Financing Stages for SME's
- Fundamental of Valuing SMEs - Equity Analysis; Index Models; Real Options, Valuing a Merger, and Potential MBO's in SME context
- Introduction to Fundamental Analysis - Growth Models; Setting the Discount Rate; and Financial Statement Analysis
- Introduction to Ratio Analysis and Risk
- Misreading and Misleading Financial Statements
- Monte Carlo Simulation
- Key Corporate Governance Issues in SME Financing
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- Pro-Forma Statements and the Capital Structure Decision
- Sources of Funding for the SME - Bank and Other Private Debt
- Credit Scoring & Ratio Analysis for Credit Extension
- The Challenge of Capital Markets Access for SMEs in Sub Saharan Africa
- The Existing Role of Private Equity - An Introduction to the 2/20 10 Year Closed End Fund
- Understanding the Private Equity Investment Process - The Exit Challenge
- The Future Role of PE Firms as Development Agents for SMEs
- DFIs as Market Leaders in SME Financing
- Public Private Partnerships in Financing SMEs - Business Partners - A South African Case Study
- Innovation in SME Financing - Role of DFIs/SOEs
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- Review of Analytical Tools for SME Financing
- In-class Simulation of Investment Committee - Group Exercise
- Discussion of Investment Committee Findings
- The Relationship Between an Investment Firm and its Portfolio Companies
- Ownership Structures & Impact of SME Financing
- Restructuring and Bankruptcy - Legal Framework and Impact of SME Financing
- Monitoring Investments for Development Impact
- National Policies and SMEs - BRICS Analysis
- International, Continental and Regional Bodies - UN, AU, NEPAD and SADC and their impact on SME Development Finance
- Overview of Lessons Learned & International Best Practices
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How to apply for the course: Registration form
Contact: Lydia le Roux , Tel: 021 914 6778, Fax: 021 914 4438
Email: lydia@africagrowth.com |
