Enterprise Development

Third wave of local procurement expenditure designations underway

Work on a third wave of designated industries for local procurement is under way and will include school and office furniture, solar water heaters, cabling and capital equipment, Trade and Industry Minister Rob Davies said in December. Current sectors designated for local procurement under the Preferential Procurement Policy Framework Act include buses, rolling stock, power […]

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Business sector not contributing to local procurement initiative

Business is failing to contribute enough to the drive towards localisation, which is central to the government’s push to industrialise and expand the domestic economy, said Trade and Industry Minister Rob Davies. Commitments to local procurement were made in an accord between the government, business and labour. However, “progress by the private sector has been

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Absa proactively gets SMEs to link up with large companies

Today’s investment in Enterprise Development is Tomorrow’s Secured Supply Absa Group, in collaboration with Supply Chain Network and Smart Procurement World, hosted the inaugural Enterprise Development Expo 2012, which aims at creating a significant platform for procurement, sourcing and supply management for small and medium sized enterprises (SMEs). The event saw the public and business

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Next week’s annual procurement networking event attracts 600 attendees

Smart Procurement World 2012 has attracted more than double the participation it enjoyed last year. Smart Procurement can this week confirm that more than 600 procurement and supply chain professionals will gather en mass at Gallagher Convention Centre on 13 November to attend the multinational procurement networking event. “They’re coming because they want to be

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Applauding and assisting budding SME entrepreneurs

Having a long-lasting beneficial effect on the lives of ordinary people was the key role of small businesses at a local and community level, said businessman Cyril Ramaphosa at a South African Breweries (SAB) award ceremony for small businesses with innovative ideas that contribute to community improvement. Ramaphosa is chairman of the board of trustees

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TELKOM Case study in enterprise development and community engineering

Developing South Africa’s next generation of pioneering businesses without compromising technical compliance, output and standards is the hallmark of Telkom’s transformation policies, which have delivered R3,5-billion in procurement from black-owned companies during the year to March 2011. This is equivalent to 28.6% of the company’s total measured procurement expenditure, a performance that few large South

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“Local Procurement Accord” scheme gains momentum

The SA Cape Chamber of Commerce and Industry is working with businesses and public sector bodies to help small firms break into the ‘supply loop’ and become vendors to bigger companies. It has committed to driving the Proudly South African ‘buy local’ campaign, which was launched in 2011 by government, businesses and community organisations to

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Reducing risk in sourcing quality SMEs

Corporate supply chain managers often argue that incorporating smaller firms into their supply chains tends to be costlier than working with larger suppliers. Furthermore, smaller companies are often perceived as having a higher risk profile. While this is perception, it is unfortunately based, to a degree, on fact: meaningful progress has yet to be seen

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Govt’s late payment cause 10% of SMEs to shut down or downscale

A survey by the South African Chamber of Commerce and Industry (Sacci) in September found that late payment, in effect, later than 30 days, by government entities, temporarily constrained the revenue stream and operations of about 60% of the small businesses surveyed, said Sacci CEO Neren Rau. While a lower-than-expected number of small businesses were

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Case Study – ABSA Developing a sustainable SME

Absa Business Bank Enterprise Development’s Denver Tavira stumbled onto the truth about creating and developing sustainable SMEs in South Africa: businesses, financial institutions and government need to work together. He shares Absa’s findings from promoting the development of a Clean Energy SME with the assistance of Eskom, in this month’s SmartProcurement. “What we need most

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