The AGF hosts and implements socio-economic development projects and initiatives that result in a positive social change and public benefit.
Enterprise & Supplier
Development
This pillar has the highest number of points in the amended B-BBEE sector codes.
It touches on one of the top agendas of our time – contributing towards the economic growth of South Africa through empowering and supporting entrepreneurs and providing them with access to markets.
While the value of supporting small businesses is increasingly acknowledged, in practice it can often be difficult to bridge the gap between the capacity of the EMEs and the often high expectations and requirements in supply chains of companies.
Through the Enterprise and Supplier Development Strategy, we have identified various interventions and partnerships to assist EMEs to enhance their performance capabilities, and to adopt a market position in the competitive business environment.
The foundation seeks to nurture, grow and sustain black-owned businesses by providing technical & business development support through mentoring, coaching and back office support. In addition, loan funding is provided to qualifying EME suppliers, with the ultimate goal of natural progression to the supply chain management of our clients and thereby positively contributing towards their Preferential Procurement scoring.
We have established a team of experienced B-BBEE facilitators that are familiar with all industries within the Abcon Group and their partners. we host a database of entrepreneurs which are assisted to grow and become sustainable businesses.
In seeking to realise the operational and overall objectives of this programme, the AGF is involved in the growth of several different enterprise & supplier development initiatives as depicted below: