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REMARKS BY THE MINISTER OF SMALL BUSINESS DEVELOPMENT MS. LINDIWE ZULU, ON THE OCCASION OF THE Southern African METALS AND ENGINEERING INDABA
SANDTON, IDC (27 MAY 2016)
Chief Executives Officer of SEIFSA and members of SEIFSA,
Captains of Industry gathered here this morning,
Ladies and Gentlemen,
Thank you for inviting me to address this important gathering today. Last year I missed your conference due to pressing commitments but, I could not miss it for a second time as I understand the crucial role the steel, engineering and manufacturing industries contributes to our economy and, I had long wanted to engage the members of this sector to determine how we would work together to contribute to increasing jobs and of course grow our economy.
My key message this morning therefore is a partnership – partnership – partnership towards the growth of our economy – which resonates well with the sentiments expressed by most of your speakers here yesterday.
Talking procurement strategies, supply development and what needs to be done to get more SMEs contract-ready
By Lebohang Thulo
Last year saw the revised B-BBEE codes come into effect with the aim that they would not only do away with the formalistic tick-box approach to B-BBEE that has generally been adopted by corporates, but in an article for SME South Africa last year Daniel Hatfield, managing director of Edge Growth, an enterprise and supplier development specialist firm, explained that the 2015 codes would also "highlight small and medium enterprise (SME) development, encourage entrepreneurship and counteract the negative effects on the economy."
To that effect, the revised codes place a greater focus on enterprise and supplier development (ESD) - which is also the highest contributor among all elements which include ownership composition, skills development, management and control, and socio-economic development.
We speak to Hatfield to get his views regarding whether the codes' targets are being realised, as well as his thoughts on what SMEs and corporates can expect in the enterprise and supplier development sector this year.
Employee happiness and customer experience are factors that businesses should be focusing on in the new year
By Refilwe Kgosiemang
Every year various industries predict the ‘breakthrough’ innovations to look out for in the coming year as well as dominant trends that will reshape the business world as a whole.
Predictions for 2016 indicate that employee happiness and customer experience are what will differentiate successful from unsuccessful businesses.
Employees are a critical component of any business as the quality of their work determines the quality of the service and product a business can offer its customers and clients.
Bring the best out of your team
Millennials now represent the largest customer and employee segment and are also soon to be the largest business owner segment, says Altman.He says that moving into the new year more businesses need to realise that this group of young people are always looking for a challenge and to grow themselves.
"They might have aspirations that go beyond their current skills. If you share how you help your employees develop skills to advance in their careers, you might attract quality talent and they will often help you attract other like-minded individuals."