Enterprise and Supplier Development
The key outputs of the Enterprise and Supplier Development (ESD) programme ensure ECIC compliance with B-BBEE legislation and scorecard, supplier diversity through strategic sourcing and the development of Black-owned SMMEs. ESD received a budget allocation of 3% of net profit after tax for the 2017/18 financial year. 1% of net profit after tax and 2% of net profit after tax were allocated to supplier development and enterprise development, respectively, to enhance supplier diversity, empower Black-owned SMMEs, develop export orientated SMMEs into competitive entities in their respective sectors in line with ECIC’s CSI-ESD policy framework and ESD Implementation Plan.
During the review period, the ESD representative participated in a number of events, meetings and visits. These included the Seda Tshwane Annual Stakeholder event and Entrepreneur Day as part of Global Entrepreneurship Week. ECIC also resumed pre- and post-disbursement visits to ED and SD beneficiaries during the past year and look forward to an ESD profile scheduled to appear in the sector’s esteemed ESD Handbook 2018/19 in the year ahead.
As at financial year end March 2018, the ESD programme had supported 28 ED entities with machinery (production capacity) and quality management system interventions.
The ESD programme has assisted 23 SD entities through business development and equipment support. Our impact has seen a notable increase in employees at Tier 1 and Tier 2 entities. ECIC also approved funding support for 18 Tier 3 entities during the 2017/18 financial year.