Effectiveness measurement framework for a grant programme–The case of cooperative grant scheme (CIS)

The decrease in public trust and lack of coordination among the traditional financial institutions drives the establishment of a grant incentive scheme for cooperative enterprise in South Africa. The grant incentive scheme provides alternative support for sustainable development of targeted cooperative enterprises with black shareholders owning a majority share. However, there is a lack of evaluation method and empirical studies determining the effectiveness of the scheme based on its mandates and objectives. Therefore, the paper, through a case study approach, investigates the effectiveness of the cooperative incentive scheme (CIS) between 2012 and 2017. A descriptive analysis approach was adopted in the study to describe specific behaviours as they appeared in the environment of the scheme. This is to understand their impacts on administration, regulations, and implementation, as well as social and economic outcomes better while prioritising its mandate in partnership with its beneficiaries to offer good public services and investment.