Enterprise Development

Parallel economic universes, procurement and supply chain?

The title of this article may have misled the reader into thinking that this is a futuristic, science fiction discussion. Rather it is a look at the reality of South Africa’s current ‘two economic universes’, explored to by Clem Sunter, legendary futurist, strategist and visionary in a recent column (News 24). More importantly it is […]

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Strategic sourcing can alleviate poverty, promote small enterprises and grow economies

Strategic sourcing can create jobs for small enterprises and ultimately achieve economic development, said SmartProcurement Editorial Board member Dr Douglas Boateng. Strategic sourcing has helped organizations achieve quantifiable savings, often between 4% and 12% on procurement spend, and improve productivity and corporate social responsibility initiatives. “As a concept it continues to assist governments to industrialise,

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Develop suppliers. Develop the economy!

The traditional purchaser would focus on price, cost, quality and performance. However, as far as South Africa Inc. is concerned, there is a very strong requirement to include Supplier Development, Malcolm Farrell, Director of the Supply Chain Network, tells SmartProcurement. Procurement professionals in the South African economy have a huge responsibility on their hands. Why?

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Giving small businesses entry to corporate supply chains

Business Incubators the world over are known for the technical assistance they offer new firms, but an incubator’s true strength may lie in helping small businesses to enter corporate supply-chains in order to become market-ready, Mark Frankel, CEO of Shanduka Black Umbrellas, a non-profit enterprise development service, tells SmartProcurement. Big organisations have a role to

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Income tax act offers some BBBEE compliance relief

BBBEE has also become a business imperative, and with the updating of the Codes of Good Practice currently underway, is likely to remain so for the foreseeable future. While no tax incentives or legislation have been enacted to specifically provide relief for BBBEE compliance, various sections of the Income Tax Act can, actually, offer some

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State-business accord sets buy-local target of 75%

Business, government and labour pledged on Monday to increase their expenditure on goods and services from South African producers to 75%. The move is a bid to boost industrialisation and create employment in the country. The New Growth Path Local Procurement Accord seeks to “lay a foundation for a localisation programme,” said Economic Development Minister

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Sustainable supplier and enterprise development

Many of the 6 000 000 small to medium enterprises (SMEs) in South Africa are struggling and a high percentage will fall by the wayside, Yvonne Themba, Director of Corporate Affairs at Shanduka Black Umbrellas, told delegates at SmartProcurement World. Themba added that South Africa has a low entrepreneurial class with less than 8% of

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BEE codes do not speak enterprise development

The best way for an organisation to become involved in enterprise development is through its own supply chain, said Claudia Manning, MD of development consultancy ECIAfrica and a member of President Jacob Zuma’s BEE advisory council. However, pushing this will take strategic effort from the top leadership of companies, said Manning: the highly concentrated structure

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Cabinet to align treasury procurement regulations with BEE Act.

Cabinet announced in March that it will approve the alignment of the Preferential Procurement Policy Framework Act (PPPFA) and the Broad-Based Black Economic empowerment Act (BEE Act). Public entities follow the regulations of PPPFA to procure goods and services. Alignment of these two Acts will ensure that government departments and municipalities include BEE when awarding

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Preferential Procurement Struggle: Promoting and assisting small business

"We struggle to get large corporates to assist the many small businesses we mentor on the long and hard road to success," Bella Cebekhula of Shanduka Black Umbrellas told SmartProcurement. “Procurement in South Africa is built around big companies and has very little to do with small business. We feel that government policy is not

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