Enterprise and Supplier Development (ESD) in South Africa is a crucial element of the Broad-Based Black Economic Empowerment (B-BBEE) framework, aiming to rectify historical economic imbalances and promote inclusive growth. Here’s a detailed look at its four main pillars:
This pillar encourages companies to procure goods and services from black-owned and black-empowered enterprises. By doing so, it drives demand for these businesses, enhancing their sustainability and growth.
This aspect focuses on broadening the base of suppliers for corporations by including more black-owned and small enterprises. It promotes a diversified supply chain that is not only inclusive but also resilient.
This pillar aims at improving the capacity and capabilities of black-owned suppliers. It involves training, resources, and transferring critical skills to these businesses to enhance their ability to deliver high-quality goods and services.
Investing in and nurturing of small and medium-sized enterprises (SMEs) to boost their operational efficiency, profitability, and sustainability. This support includes financial assistance, mentorship and access to business networks.
Together, these pillars work to foster a more equitable economic landscape, enabling black-owned businesses to thrive and contribute significantly to the South African economy. The overarching goal of ESD is to create jobs, foster economic growth, and promote a more balanced and fair marketplace.
Edge Growth, established in 2007, was founded on the recognition of Enterprise and Supplier Development (ESD) as a pivotal force for economic transformation and job creation in South Africa. Over the years, the organisation has deepened its understanding and refined its approach, emerging as a leading ESD solutionist in the region.
This pillar encourages companies to procure goods and services from black-owned and black-empowered enterprises. By doing so, it drives demand for these businesses, enhancing their sustainability and growth.
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