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Articles in category: Supplier Diversity
ESKOM, under newly appointed CEO Tshediso Matona — currently the director-general of the Department of Public Enterprises — will be more tightly controlled by the department in future.
Not only will Mr Matona want to improve on what he says was Eskom’s failure to account properly, but he will have to ensure that the utility complies with a proposed bill that the department is working on.
The Government Shareholder Management Bill, which the department hopes to submit to Parliament by the end of the fiscal year, will set the legislative framework in which all state-owned companies will have to function.(Read Full Article)
The IFMIS Department, National Treasury of Kenya has launched electronic procurement (e-Procurement) with the aim of promoting openness and accountability in the use of public money, thereby easing the cost of doing business. E-Procurement is an automated business process which includes procurement ...(Read Full Article)
Small Business Development Minister Lindiwe Zulu says the long-term solution to South Africa’s unemployment crisis is to create a nation of entrepreneurs and not a nation of job-seekers.
“South Africa is a youthful country. The long-term solution to the nation’s unemployment crisis is to create a nation of entrepreneurs, and not a nation of job-seekers.(Read Full Article)
The fourth annual Bespoke Supplier Development Seminar and Workshop took place in Midrand, Gauteng, from July 29 to 30. Presentations were made by Royal Bafokeng Enterprise Development, SA Supplier Diversity Council,Passenger Rail Agency of SA (Prasa), Empowerdex; Martjie Cloete, Council for Scientific and Industrial Research (CSIR) and Shanduka Black Umbrellas.(Read Full Article)
Procurement can be a force for good in the world. That was the central message of the CIPS Pan African Conference, held in Lusaka, Zambia last week. The continent faces huge challenges around development and poverty, but procurement offers a way out. By choosing to buy from local suppliers, governments and businesses have the power to generate jobs and incomes.(Read Full Article)
Trade and Industry Minister Dr Rob Davies has assured that the Department of Trade and Industry (DTI) would be “playing its part” in ensuring that government procured 75% of its goods and services from local companies, announcing on Tuesday the next designation of products for government procurement. These included steel, conveyance pipes, transformers, building and construction materials and rail signalling and components.(Read Full Article)
Small Business Development Minister Lindiwe Zulu has hinted at reviewing legislation and regulations that make it difficult for small businesses to survive.
The minister says her department will, over the next few months, put a microscope over these regulations to see how they can be improved.
She said this when she briefed journalists in Pretoria ahead of delivering her department’s budget vote tomorrow.
“We will do this in consultation with all stakeholders. We will focus on creating an enabling environment for small business to grow and thrive,” she said.
SMALL security companies are poised to cash in on the possible divestment by the industry’s large players should President Jacob Zuma sign the bill compelling dominant players to cede majority shares to locals.
The newly formed Progressive Security Providers Association (PSPA) maintains that the signing of the Private Security Industry Regulation Amendment Bill into law would open up an industry "controlled by a small number of foreign and white-owned players".
Representing 10% of the R50bn sector, the foreign-owned companies, including subsidiaries of major multinationals, have been up in arms over the bill, introduced by former police minister Nathi Mthethwa ...(Read Full Article)
The introduction of the amended Broad-Based Black Economic-Empowerment Codes of Good Practice on May 1, 2015, could result in more than half the economy becoming noncompliant. The revamped codes were published on October 11, 2013, and the transitional period was initially scheduled to endure for a year until October 10, 2014.(Read Full Article)
Supplier information and supply chain management firm Achilles has detailed its ‘community model’, which it says aims to enhance supply chain and procurement processes between local small- and medium-sized enterprises and international corporations.(Read Full Article)
An understanding of what drives the procurement decision can be the advantage that wins that next tender or that next customer.
Traditionally the main drivers of any procurement decision are price, quality and service, but with the importance placed on BEE compliance, the fourth driver of procurement decisions is a supplier’s BEE status.
Amended Codes' Preferential Procurement scorecard(Read Full Article)
TRANSNET said annual profit rose 25% as South Africa’s state-owned rail and ports operator boosted revenue from transporting minerals.
Net income advanced to R5.17bn in the 12 months ended March 31 from R4.14bn a year earlier, CEO Brian Molefe told reporters on Monday in Johannesburg. Revenue increased 13% to R56.6bn, he said.
The state-owned company is investing about R308bn over seven years through 2019 to increase capacity in rail freight, ports and fuel pipelines in Africa’s second-biggest economy. Transnet hauls coal for companies including Glencore to Richards Bay Coal Terminal, the world’s biggest such ...(Read Full Article)
Katembo Augustinus, the coordinator of the Kavango Youth Against Corruption theatre group in Kavango East and Kavango West is encouraging youth to identify and eliminate corrupt behaviour.(Read Full Article)
Proudly South African (Proudly SA) has welcomed the new administration’s commitment to promote local procurement.
Delivering his State of the Nation Address (SONA) on Tuesday night, President Jacob Zuma announced that government will continue to roll out the implementation of the Industrial Policy Action Plan, which will help promote local procurement.
It will also increase domestic production by having the state buy 75% of goods and services from South African producers. "President Zuma and the government's commitment to ‘Buy Local’ speaks directly to job creation and efforts to alleviate the triple challenges of unemployment, poverty and inequality in ...
An intervention is required to enhance black participation in procurement in engineering and construction, writes Thami Mazwai(Read Full Article)
SMALL and medium sized engineering companies must create niche markets for themselves to supply Transnet with parts for the locomotives the freight logistics state-owned company envisages building within the next two to three decades.
Transnet CEO Brian Molefe said at a University of Pretoria Alumni breakfast that the growth in Africa and the expansion of intra-African trade would ultimately increase the growth in railways.
His vision for Transnet entailed the "industrialisation of the railways" where Transnet would be manufacturing locomotives and establish concessions for its current freight role.(Read Full Article)
The local procurement accord, which aims to promote the buying of South African goods and services, should now be presented as an instruction rather than in the form of an appeal or advice, Trade and Industry Minister Rob Davies said yesterday.
Davies told Business Report that, although the aspirational target of 75 percent local procurement was a good move, the government and public entities should now be obliged to procure at this level.(Read Full Article)
One of the largest obstacles preventing supplier growth, especially for SMMEs, is the lack of funding from traditional sources. With restrictions to finance, suppliers may be forced to pay high interest rates with local money lenders or approach banks to discount invoices.(Read Full Article)
In her new job as Small Business Development Minister, Lindiwe Zulu can make a big difference to South Africa’s fortunes. But a lot of work lies ahead for her and fellow ministers in the sector.
One task awaiting her is to "massify" the many good policies that already exist but which lack sufficient scale. Others are to secure a part of the government’s annual procurement budget of nearly R190bn for goods and services for the small business sector, cut red tape and ensure that the government pays small businesses on time as it has promised repeatedly to do ...(Read Full Article)
Stefanutti Stocks has embarked on an active drive to ensure a sizeable percentage of work it priced was in joint ventures with black-owned companies to grow and develop them into competent contractors.
Willie Meyburgh, the chief executive of the listed construction group, said last week that there were not many black-owned contracting companies in the country, but the group had relationships with some of them. “We are helping them to develop their businesses to be sustainable stand-alone businesses and even eventually become our competitors.”
The implementation of Black Economic Empowerment (BEE) and employment equity will be improved in the new administration’s five-year term, under newly inaugurated President Jacob Zuma.
“We will improve the implementation of the employment equity and BEE laws during this term,” the President said on Saturday.
Addressing the nation shortly after being inaugurated for a second term in office, President Zuma said while progress has been made in changing the ownership and control of the country’s economy, “much more work” must be done.
SANLAM CEO Johan van Zyl has fired a broadside at the government’s plan to set up a small business ministry, saying better outcomes are possible if businesses themselves ramp up efforts to support and grow smaller suppliers in their value chain systems.
The ruling African National Congress, which easily won the May 7 elections despite pressure from jobs-focused new parties, is expected to set up a ministry to oversee small, medium-size and micro enterprises when it reconfigures the country’s government departments.(Read Full Article)
- While mobile devices have revolutionised how we engage with each other and the rest of the world, they have also arguably affected our ability to literally “switch off” and think. Because critical thinking and analysis are vital for business innovation and growth, entrepreneurs need to find a means of creating appropriate time and space for these, says Shawn Theunissen , head of CSR at Growthpoint Properties and Property Point (Growthpoint Properties’ enterprise development programme), in this month’s SmartProcurement .
When it comes to building and growing one’s small business, there is often a tendency to focus almost solely on service ...(Read Full Article)
While Trade and Industry Minister Dr Rob Davies has commended the release of the first baseline report for the construction sector, which focuses on the progress made on the implementation of a Construction Sector Code – a requirement in terms of broad-based black economic-empowerment (BBBEE) policy – he has expressed concern that BBBEE targets in the sector remain unachieved.(Read Full Article)