THEE TRUSTED NAME IN B-BBEE: I have advised, developed and implemented B-BBEE/ESD projects with a combined value over of R611 Million, which has led to the creation of over 300 new Black-Owned companies and over 5000 net new jobs, directly or indirectly. Our clients have over R91 Billion in collective annual turnover and together we have unlocked over R2.8 Billion worth of supply chain opportunities for Black-owned businesses.
Monday, 6 October 2014
BBBEE Enterprise Supplier Development (ESD) Challenges.....
Enterprise Supplier Development’s foremost goal is to build sustainable business enterprises that achieve growth in order to create jobs and to grow the economy, the two VERY essential conditions for political stability and low crime rate. But intents alone are not enough to ensure success of Enterprise Supplier Development (ESD). The most prevalent problem is the lack of knowledge and expertise and these have led to the sluggish progress in implementing Enterprise Development projects. The problem is exacerbated by the following issues:
o Lack of time and resources to identify sustainable Beneficiaries;
o Lack of a business model to maximize recognition of contribution;
o Lack of a process to monitor progress on projects and to introduce corrective measures, where necessary;
o Delaying implementation until the right partner comes along;
o And reservation of spending lump sum due to fear that money will be wasted or misused.
I can help your organisations successfully overcome all the above stated challenges through a sustainable Enterprise Supplier Development (ESD) Strategy.
Contact me, Nelson Sebati today for EXPERT help.
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