Opinion Piece: Enterprise Supplier Development is critical to sustainable economic growth and transformation
By Staff Writer 30 October 2013
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Keep track of Anything, Anywhere with Horizen Smar...The National Development Plan (NDP) aims to eliminate poverty and reduce inequality by 2030. The vision of the NDP is to create long-term growth and sustainability for South Africa, and in order to meet the 2030 deadline, the transformation begun by Black Economic Empowerment (BEE) and Broad-based Black Economic Empowerment (BBBEE) needs to be taken to the next level. While state-owned entities have been mandated supplier development and localisation, in other words keeping skills and money within local communities, government and government-operated businesses cannot be expected to transform the country on their own. Corporate South Africa plays a critical role in transformation, and initiatives such as Enterprise Supplier Development (ESD) are key in driving sustainable and commercially viable local development. FULL STORY >
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