Jun 27, 2012
Supplier diversity to boost economic growth, job creationBack
Johannesburg|Africa|Klein Inc Management|System|Africa|South Africa|United States|Financial Services|Services|Joset Wright
© Reuse this
Speaking at the South African Supplier Diversity Council’s (SASDC’s) first yearly conference, held in Johannesburg, she pointed out that sustained supplier development could instill proudly South African business and identity.
SASDC is a corporate-led initiative promoting supplier development, particularly the development of new black enterprises that could be integrated into the supply chains of large businesses..
“Our rich history has left us with many areas that we are almost over-developing, such as the financial services sector. But at the same time, our history has also ensured that we have other areas that we are completely underdeveloped in.
“In this context, we need a SASDC and its codes, as a direct result of our past. We know that supplier diversity is new in South Africa and since the council opened its doors in January 2010, it has seized the opportunity created by a fractured system, that has by design left a group of people out of the mainstream development.
“With the council’s key focus areas being the establishing and maintaining a database of certified black owned suppliers, as well as sharing knowledge, support and best practice, it has resulted in supporting certified black suppliers to access procurement and development opportunities and ensuring supply chain transformation,” Klein said.
SASDC is affiliated to a global network of five supplier diversity councils, including US-based National Minority Supplier Development Council.
National Minority Supplier Development Council president Joset Wright said that corporate members should learn from their American counterparts. “I encourage you to learn from the things that they have done in the US and in the world, as they have taken on the challenge of supplier diversity in their global market place,” she said.
The SASDC currently hosts 22 corporate members, and has certified 142 suppliers, which promotes sustainable supplier diversity through targeted procurement and black supplier development.
Edited by: Mariaan Webb© Reuse this Comment Guidelines (150 word limit)
Other Economy News
Updated 6 hours ago President Jacob Zuma has appointed development economist Thomas Swabihi Moyane as a South African Revenue Services (Sars) commissioner, effective September 27. The Presidency said in a statement that Moyane would bring more than 30 years’ experience to the position,...
Updated 6 hours ago The Standard Bank Group has been named one of the world’s greenest banks by Bloomberg Markets, ranked eighteenth out of 20 global finance institutions recognised for their investments in green-energy projects and efforts to reduce their own waste and carbon...
Updated 6 hours ago The Department of Environmental Affairs (DEA) was considering establishing an air quality index, to make information on the quality of ambient air in South Africa more accessible, DEA national air quality officer Dr Thulie Mdluli said on Tuesday. She noted that the...
Updated 6 hours ago In a boost for renewable energy, the City of Cape Town has signed its first small-scale embedded electricity generation contract with Black River Park Investments, an office park in Observatory. The 74 000 m2 office park uses large-scale solar power systems to...
Recent Research Reports
Road and Rail 2014: A review of South Africa's road and rail infrastructure (PDF report)
Creamer Media’s Road and Rail 2014 report examines South Africa’s road and rail transport system, with particular focus on the size and state of the country’s road and rail network, the funding and maintenance of these respective networks, and the push to move road...
Real Economy Year Book 2014 (PDF Report)
This edition drills down into the performance and outlook for a variety of sectors, including automotive, construction, electricity, transport, steel, water, coal, gold, iron-ore and platinum.
Real Economy Insight: Automotive 2014 (PDF Report)
This four-page brief covers key developments in the automotive industry over the past 12 months, including an overview of South Africa’s automotive market, trade figures, production and the policies influencing the sector.
Real Economy Insight: Construction 2014 (PDF Report)
This five-page brief covers key developments in the construction industry over the past 12 months. It provides an overview of the sector and includes details of employment in the sector, infrastructure and municipal spending, as well as insight into companies’...
Real Economy Insight: Electricity 2014 (PDF Report)
This five-page brief covers key developments in the electricity industry over the past 12 months, including details of State-owned power utility Eskom’s generation activities, funding and tariffs, independent power producers and prospects for the sector.
Real Economy Insight: Road and Rail 2014 (PDF Report)
This six-page brief covers key developments in the road and rail industries over the past 12 months, including details of South Africa’s road and rail network and prospects for both sectors.
This Week's Magazine
While Ekurhuleni-based transformer manufacturer Reliable Transformers currently designs, manufactures and tests its products according to the SANS 780 specifications for distribution transformers and other applicable transformer specifications, it is working towards...
Global endpoint security solutions company Kaspersky Lab has introduced new measures to prevent cyber criminals from accessing sensitive data, alongside its malware-signature and heuristic device analysis detection methods. Threats to mobile devices have increased...
To ensure uptake and a positive impact, Wireless Fidelity (Wi-Fi) networks in cities must be provided at schools, community centres and commercial centres to enable citizens and government to access information that will improve access to and delivery of services....
Eco-estate Monaghan Farm, located near Lanseria airport, north-west of Johannesburg, has taken a new approach to modern living and sustainability with its 517 ha development, dedicated to farm living.
Forklift and lift-truck distributor Goscor Lift Hi-Reach launched the Genie SX-180, the tallest self-propelled super boom in Africa, in Johannesburg last month. “As the official distributor of the well-known Genie range of equipment in Southern Africa, we are pleased...