SMALL BUSINESS HUB (SBH)
T
he 2015/2016 year concluded a full year of the existence of the SEIFSA Small Business Hub (SBH), which was launched in May 2015. A number of initiatives have been undertaken and successfully completed during the year under review. An interesting point to note, one that emerged quite starkly during the 2015/16 year, is that it is our larger companies, those falling outside of the SBH scope, that have partnered with the Hub in various transactions or activities. Owing to the commercial nature of some of the transactions, we would not be able to mention company names but rather the activities and transactions explored.
Enterprise and Supplier Development The SBH was appointed to project-manage an Enterprise and Supplier Development program for a multinational company operating in the power transmission, power plant equipment and industrial gear box manufacturing. This project was to the value of R450 000.00. The project was successfully completed, within the timeframes, and it seems by all indication that the SBH will be appointed in the 2016/2017 year to undertake phase two of the project at a similar value. During the year under review, SEIFSA was also approached by two local steel mills, one requesting that we assist them in setting up an incubation hub for the suppliers in their value chain. The other mill requested that the SBH assist in the execution of a supplier development program, through services offered by the Federation.
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SEIFSA ANNUAL REVIEW 2016
Lindiwe Zulu: Minister of Small Business Development, speaking at the Southern African Metals and Engineering Indaba 2016
