Jun 27, 2012
Supplier diversity to boost economic growth, job creationBack
Johannesburg|Africa|Klein Inc Management|System|Africa|South Africa|United States|Financial 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
Other Economy News
Updated 3 hours ago The head of economics and trade at the Delegation of the European Union (EU) in Pretoria has acknowledged South Africa’s trade negotiators won important concessions in the long-running Economic Partnership Agreement (EPA) trade talks. But he says it was South...
Recent Research Reports
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.
Real Economy Insight: Steel 2014 (PDF Report)
This four-page brief covers key developments in the steel industry over the past 12 months. It provides an overview of the global and South African steel and stainless steel markets, South Africa’s major steel producers and events that have shaped these markets.
This Week's Magazine
Multinational semiconductor chipmaker corporation Intel announced its national campaign to further acquire partners to drive its She Will Connect programme, an initiative that aims to expand digital literacy skills to young women in developing countries, further into...
South Africa's MeerKAT radio telescope array programme should get back on schedule within a few months. This assurance has been given by SKA South Africa (SKA SA) associate director: science and technology Prof Justin Jonas. Early last month, Science and Technology...
The Passenger Rail Agency of South Africa’s (PRASA’s) Metrorail service will remain a subsidised service following its current multibillion-rand rolling stock, station, depot and signalling upgrade programme. PRASA group CEO Lucky Montana has allayed fears that...
The uncertainties around the remediation of affected areas as addressed in the Contaminated Land Provisions in the National Environmental Management: Waste Act No 59 of 2008 will possibly spark litigation and disputes between landowners and businesses, contractors...
South Africa is currently the largest component of the African Development Bank’s (AfDB’s) active portfolio in Southern Africa, comprising 62.5% of the bank’s $7.9-billion exposure to the 12-country region – the second largest beneficiary is Mauritius, which...