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Articles in category: Supplier Diversity
EU is also aiming at improving the economic impact that can be made by public procurement through Procurement Directives to encourage ‘Buying Social’. Procurement from social enterprises has great potential to transform and develop economies.(Read Full Article)
TRANSNET has shifted spending significantly towards black-owned companies in the past five years, making it and Eskom the most aggressive drivers of black economic empowerment (BEE). This comes against a backdrop of government urging state-owned firms to facilitate the emergence of black industrialists through preferential procurement. Transnet’s formula involves setting BEE or other prerequisites in all tenders and has become an example for other state-owned companies to emulate.(Read Full Article)
The Black Business Council has welcomed South African Airways’ pledge to make half of its R20-billion procurement budget available to empowerment enterprises by the end of 2018, saying this should lead to more opportunities for the successful businesses.(Read Full Article)
An incubator establishment handbook has been launched to help improve the quality of applications for the establishment of business incubators in South Africa.
Explore MiningWeekly.com (May 11 2015) Preferential Procurement , Sourcing , Supplier Diversity , Supplier Relationship Management , Construction , Manufacturing & Automotive , Public Sector , Resources , Metals & Minerals , Transport & Logistics
The Department of Trade and Industry (DTI) has announced a further set of product designations for local procurement by the public sector and has indicated that efforts will be stepped up during 2015 to improve compliance across all government departments and State-owned companies (SoCs).(Read Full Article)
Information and communications technology (ICT) major Telkom on Thursday unveiled its new R100-million plus programme to incubate and develop starting up and existing entrepreneurs and small, medium-sized and microenterprises (SMMEs). The ‘FutureMakers’ programme would bolster enterprise and supplier business development at scale, offering SMMEs access to much-needed funding, business development opportunities, all-important access to technology, long-term support and mentoring and access to incubators and innovation hubs.(Read Full Article)
There is no confusion regarding the implementation of the Broad-Based Black Economic Empowerment Act, says the Department of Trade and Industry (dti).
Enterprise development expert says introduction of the empowering supplier status measure in the amended BEE codes will create new levels of opportunity, writes Stephen Timm(Read Full Article)
How will an organisation’s upcoming skills development submission impact on its future BBBEE ratings and what steps can be taken to maximise their scores in this element?(Read Full Article)
New legislation aimed at strengthening governance to ensure that all state-owned enterprises (SOEs) function more effectively and efficiently is on the cards, according to the Minister of Public Enterprises, Lynne Brown.(Read Full Article)
THE Gauteng government’s first open tender sitting got off to a tense start on Wednesday when the provincial department of roads was challenged on flaws in its tender advertising and the vetting of bidders.(Read Full Article)
The majority of companies in South Africa’s vast mining sector have not met their transformation responsibilities in the ten years to 2014, Mineral Resources Minister Ngoako Ramatlhodi said on Tuesday.(Read Full Article)
The new Automotive Incubation Centre at Nissan, which will be launched on Wednesday, is expected to radically transform the economy.
This standard-setting work from Anglo American is now informing an industry-wide programme through a partnership with the Chamber of Mines. “Anglo were the first to start doing this, but what we found as we engaged with other mining companies like Anglo Gold Ashanti is that they were also starting something similar,” says Ramlochan.(Read Full Article)
Prasa CEO Lucky Montana says small black businesses will get a role in the manufacturing of 580 train-sets to be built in South Africa up to 2035(Read Full Article)
When President Jacob Zuma addressed the inaugural meeting of the Broad Based Black Economic Empowerment Council (B-BBEE Council) this week, he put emphasis on the urgency of implementing our economic policies so as to effectively transform its structure and that it reflects the country’s demographic.
There was enough scope in South Africa to make local procurement of goods and services feasible, Shanduka Black Umbrellas COO Seapei Mafoyane said during the Proudly South Africa Buy Local Summit and Expo, in Sandton, recently.(Read Full Article)
The failure of one in seven small and medium-sized enterprises (SMEs) within the first year of operation was not a result of a lack of access to funding, asserted Absa South Africa head of business banking Happy Ralinala.(Read Full Article)
The South African government has set aside 30% of all government contracts to support small businesses and co-operatives in a bid to boost township and rural economies.
Explore MarketSqr Blog (Feb 13 2015) Invoicing & Payment , Preferential Procurement , Procurement Ethics , Procurement Technology , Sourcing , Supplier Diversity , Public Sector , Supply Chain Management
On 25 February 2015, South Africa's Finance Minister Nhlanhla Nene gave his first full budget speech since taking up the position. The minister faced a hard task – reducing the budget deficient and balancing the needs of a developing country in a time of reduced economic growth.(Read Full Article)
Noting that the South African public sector spent an “enormous” R500-billion on goods and services and construction works in the 2013/14 fiscal period, National Treasury has called for various reforms of government’s strategic sourcing, procurement and supply chain management (SCM) practises.(Read Full Article)
Namibia Power Corporation, the state-owned utility planning a $300 million gas-fired electricity plant venture, says construction will start before mid year.(Read Full Article)
At the end of November, the local chapter of WEConnect – a global voluntary organisation of women-owned enterprises – held an event to celebrate their first full year of presence in SA, and the guests of honour where budding women business owners.(Read Full Article)