Entrepreneurs around the country have been honoured at the regional Shanduka Black Umbrellas (SBU) Enterprise Development (ED) Awards. These were held recently at its incubators in Cape Town, Durban, Johannesburg and Pretoria. Awards are made in three categories, namely Best SBU Ambassador, Jobs Created and Best Performing Company (based on profit generated and net […]
ED incubator announces regional award winners Read More »
The furor that currently surrounds the New Codes presents an opening to win business from competitors who are trying to find reasons to not comply. Implement the New Codes now to get a head start on your business rivals, says The Hope Factory business mentor Roche Mamabolo in this month’s SmartProcurement. While some detractors
Implement the New Codes now for an advantage over your competitors Read More »
The on-going sustainable development of black-owned small, medium and micro enterprises (BSMMEs) is imperative to secure the future economic growth of South Africa. We have seen how past actions have limited what should be a free-market economy and left BSMMEs facing a number of challenges when it comes to getting a business off the
Drivers supporting procurement from black-owned SMMEs outweigh constraints Read More »
Seven small businesses recently celebrated their graduation from the Property Point enterprise development programme. The ceremony marked the end of their two-year partnership with Growthpoint’s enterprise development initiative and the start of the next phase of their entrepreneurial path. With most of these businesses already Growthpoint suppliers, Shawn Theunissen, head of Property Point and
SME class of 2014 “procurement-ready” Read More »
The New Codes is arguably the most hotly anticipated piece of legislation released in 2013. Industry experts gave delegates at the Smart Procurement World Western Cape Conference some insights into what the New Codes mean for industry, the economy and your organisation. “Panic is an appropriate description of how the market is reacting. The
Panic around the New BEE Codes will subside Read More »
Procurement professionals must challenge themselves to influence the top-line and to collaborate with suppliers to bring innovation into your supply chains, says Mpume Maphumulo, Head of Group Procurement at Pioneer Foods. Maphumulo and other heads of supply chain were discussing the challenges and objectives they foresee over the next 12 months in the public
Procurement must also influence the top-line Read More »
Time management and planning will always be a challenge for entrepreneurs – especially when their businesses start to grow and build market share. With responsibilities ranging from overseeing operations and maintaining client relationships to HR and new business development, most entrepreneurs are hard-pressed to attend to everything owing to time constraints. In order to
Time management and planning critical to SME success Read More »
The ease with which early payment options permitted Enterprise Development (ED) points to be attained under the previous BEE Codes (2007) has resulted in many companies currently finding themselves stranded for some of their BEE points: under the newly gazetted BEE Codes (2013) the formula for ED recognition has been updated, and no longer
Maximising ED points under new BEE Codes’ tougher formula Read More »
While the more traditional approach to enterprise development (ED) typically involves providing entrepreneurs with high-level support and mentorship, the importance of assisting them to focus on “the basics” cannot be underestimated. This includes identifying and addressing gaps in their administration, compliance and general reporting systems, says Shawn Theunissen, head of CSR at Growthpoint Properties
Building SMEs: don’t overlook administrative tasks Read More »
The amended broad-based black economic empowerment codes of good practice can still create advantages for businesses if approached with a proper long-term strategy and commitment from the industry and government departments. How multinationals and other organisations can view the new Codes as a competitive advantage and engage in supplier and corporate collaboration will be
EVENT: Next level BEE supplier development – collaborating across industry sectors Read More »
