Radical economic transformation (RET) is very important for South Africa’s democratic transition towards the vision of a non-racial, non-sexist, democratic and prosperous society as succinctly summarised in the Freedom Charter.
In view of RET priorities, the “radical” aspect of RET should at this stage be understood to refer to the results that it will aim for rather than the methods employed. However, the challenge is to evaluate organisations’ actions objectively against a background of severe political contestation.
In view of national priorities, Smart Procurement World has identified challenges faced by SMEs as they attempt the transition from SME to Black Industrialist (BI). Most small businesses fail this test. The event therefore encourages big businesses to showcase their very own verified black owned business as part of Enterprise Development Programmes.
“The expo affords black owned SMEs highly rated by their clients, with an excellent opportunity to be discovered by other big businesses attending the event,” says Debbie Tagg who is Chief Operating Officer at Smart Procurement World. “We are getting more serious with each year that goes by and the success rate of the event is testimony to our contribution to economic development,” concluded Tagg.
The event also references the recent Proudly South African Buy Local Summit & Expo, held in Johannesburg on 3rd & 4th April. “The Buy Local message is an enduring call to action to private sector businesses, to government entities and individual consumers to buy locally grown, produced or manufactured goods and services. Making buy local choices stimulates economic growth, which provides an environment in which large and small businesses can flourish and grow, thereby creating jobs,” says Eustace Mashimbye, Chief Executive Officer at Proudly South African.
With the global economic slow down, this event will equip attendees with information around the requirement and advantages of local procurement and will provide opportunities needed to drive strategy and deliver world-class procurement and supply chain management practices as demanded by legislation and by the prevailing economic climate, while realising their RET goals. Smart Procurement World is an effective platform to facilitate the growth of SMEs through its Enterprise and Supplier Development Expo and has continued to make a difference in the industry, working with professional and industry bodies such as CIPS Africa, CILT, SAPICS, SOEPF, EDCSA, SASDC and more.
Smart Procurement World regional KwaZulu Natal Summit takes place on 5 – 6 June 2017 at Inkosi Albert Luthuli International Convention Centre, Durban, South Africa.