SASDC facilitates linkages to create strategic partnerships that support black business inclusion
According to a report released by McKinsey Group, SMEs across South Africa represent more than 98 percent of businesses, employ between 50 and 60 percent of the country’s workforce across all sectors, and are responsible for a quarter of job growth in the private sector. Formal SMEs contribute up to 40% of national income. The importance of SMEs is even higher when informal SMEs are included. One can safely say, SMEs are crucial to meeting the challenges of unemployment, inequality and transformation.
For the past decade, the South African Supplier Diversity Council has recognised the vital role black business can play in supporting the National Development Plan for 2030. As such, the SASDC has made it our mission to facilitate linkages between certified black owned businesses and corporate members who support this cause of creating a diverse, transformed and inclusive economy. To this end, the SASDC provides a host of different advisory and implementation services to its corporate members for enabling supplier diversity in its supply chains and unlocking procurement opportunities for black businesses.
Swift Worldwide Logistics proves its international mettle and does the SASDC proud
7th May 2021- Today, the South African Supplier Diversity Council (SASDC) would like to congratulate Swift Worldwide Logistics, a proudly South African Freight Forwarding company with level-1 B-BBEE compliance on successfully partnering with BBC Chartering to move equipment, that will be fitted onto what will become, the world’s largest diamond recovery vessel in the world.
Last week, the multipurpose heavy-lift vessel BBC PEARL, operated by BBC Chartering, successfully loaded two tower units and accompanying accessories in the Port of Tallinn, Estonia. Swift Worldwide Logistics entrusted the German multipurpose and heavy shipping specialist BBC Chartering with the transport of this equipment weighing a total of 423 metric tons from Estonia to South Africa.
The Yellow Brick Road to Empowerment is paved with good “intentions”
How fronting, by form, defeats the substance of B-BBEE
By Sibusiso Mtsetfwa, Manager of Member Services at the South African Supplier Diversity Council
I recently came across a “transformed” 51% Black-owned company who flashed their Level-2 Broad-Based Black Economic Empowerment (B-BBEE) credentials to all and sundry as they continued to stand in the front of the line successfully winning tenders and retaining contracts with large corporations that they did business with prior to their “B-BBEE transformation”.
I say “transformed”, because upon closer investigation, their status comes from the 51% shareholding held by a “creatively” registered trust for black employees of the business. The 49% white shareholders and directors are also the trustees of the trust while the black employees, as beneficiaries, do not have any veto rights or say in the running or decision-making of the trust. In this case, the actual decision-makers and profit-takers remain white and could now find economic benefit that has flowed through to the trust, since inception more than five years ago.
Reimagining transformation to make
supplier diversity and inclusion possible
By Gary Joseph – CEO of the South African Supplier Diversity Council
The COVID-19 pandemic has forced the world: governments, business leaders, citizens into unimaginable transformation. No matter who you are, where you are from, what you do, you have not remained untouched or unaffected by this pandemic which has threatened humankind’s existence.
In South Africa, one of the most unequal countries in the world, degrees of struggle each individual faces now, is exacerbated by a confluence of inadequate economic growth, widespread unemployment, sharp inequalities, low levels of fixed investment and frail levels of social capital.
Cumulatively, these are having a devastating impact on the living standards, safety, education and health of our people. And whilst some suffer far greater than a privileged few, the truth is - unless action is taken to alleviate this inequality in our economy and society – even the privileged few are doomed to suffer hardship down the line.
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South Africa is at a cross-road –
one path is leading to crisis and another
It is up to each of us to play our part in reimagining a new world order. As the SASDC, we are in the business of making doing business with black suppliers better because we believe that #BlackSuppliersMatter. As such, we need to reimagine ways to make black business an inclusive part of our economy if we are to realise real positive change in our country by way of job creation, poverty alleviation and equality.
We found the recent @BusinessDay article interesting as it gives food for thought on the work still needed to be done to reach our NDP 2030 targets. Truth is, it is up to all of us to play our part in getting there.
We encourage corporate members to join the SASDC. Every partnership gets us an inch closer to achieving on our mission of supplier diversity and inclusion in our supply chains.
Good Health is Good Business
Here at the SASDC, we encourage employers and their employees to implement practices, which keep their physical and mental fitness sharp throughout their working day.
adjustments have you made or are
needing to make in your business to operate
during the COVID-19 pandemic?
Mckinsey & Co. published an article about the impact of covid-19, how businesses can benefit from working remotely and how to see the pandemic as an opportunity for businesses to grow. As the SASDC, we offer training, certification and business related services to support businesses with these changes. We are in the business of making doing business with black suppliers better because we believe that #BlackSuppliersMatter in our economic recovery and transformation goals.
BEE path is paved with good intentions
but comes to a dead end
I recently came across a “transformed” 51% black-owned company that flashed its level 2 broad-based BEE (B-BBEE) credentials to all and sundry as it stood at the front of the tender line, successfully winning and retaining contracts with large corporations it did business with prior to its “transformation”.
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