Inclusive Growth. That is what a growing number of prominent political parties,
including the Government, have been emphasising in recent months. At the centre of
inclusive growth is the need for smaller, historically disadvantaged South Africans
(HDSAs) to be offered opportunities to be part of companies’ supply chains.
Enterprise and Supplier Development (ESD) is the most important part of the
Broad-Based Black Economic Empowerment Score Card, weighing a hefty 40 points
(plus 4 bonus points) on the B-BBEE Score Card, followed by Ownership at 25
points, Skills Development at 20 points and Management Control at 15 points.
Depending on the level of interest among member companies, SEIFSA is
considering setting up a Metals and Engineering Sector Enterprise and Supplier
Development Fund (M&E ESD Fund), to which interested companies would
contribute to earn their ESD points. The Federation, in turn, would then seek out and
develop HDSAs’ that would compete for preferential participation in M&E companies’
supply chain.
Companies interested in participating in the M&E ESD Fund that is being considered
are requested to contact Marketing Manager Mark Lotter (mark@seifsa.co.za) as
soon as possible. Further details will be communicated once the level of interest has
been ascertained.
This is a great opportunity for companies without the required capacity internally to
contribute to the M&E ESD Fund and get their full 40points on the B-BBEE Score
Card.
Members of Associations affiliated to SEIFSA are strongly encouraged to participate.
Kaizer M. Nyatsumba
Chief Executive Officer