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Preparing for success in business Enterprise and supplier development.

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busy and complex mining operation such as Voorspoed needs a range of suppliers. Whether it involves transporting workers to and from work, catering or maintenance, there is a great deal of work to be done that goes beyond the core business of diamond mining. This presents an opportunity to support and develop the local economy where the mine operates. But simply making a decision to use local suppliers is not enough, because the skills needed to do the work (or run a business efficiently and profitably) may not be there. This is where an enterprise and supplier development programme becomes a key element in the plan to support local entrepreneurs and service providers.

Incubation The Voorspoed Mine Enterprise and Supplier Development Manager is Theodor Moeti. He explains the underlying concept as incubation. “This is where we equip people with business management skills.” The incubation programme aims to create independent businesses that are able to go beyond a craftsman using their skills or someone having a product to sell in a once-off transaction, to becoming thriving businesses that will last and grow. “All applications were from Fezile Dabi district and then a shortlist was compiled from those applicants. This ensures that the successful candidate is also local.” Other business ideas that have been raised in the Incubation Programme include agri-processing, bio-diesel manufacturing, compost manufacturing, landscaping and waste recycling. The key, as Moeti stresses, is that they should be “stand-alone businesses”, independent of the mine and mine contracts.

Supplier devopment programme The company that supplies the specialist training for business management skills is TrioPlus Development. Eight local companies have been identified to learn more about business skills such as financial management, pricing and costing, human resources, marketing, operational management and entrepreneurial awareness. Also included FREE STATE BUSINESS 2018

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are the key skills of management and leadership. Moeti notes that the appointed service provider is responsible for mentorship. “We appointed TrioPlus Development to ensure that the businesses succeed, and they become sustainable in the long run. During this mentorship the service provider addresses and develops and trains the business owner.” Important objectives are to make sure that they render a quality service to the mine, and that the business remains sustainable even after the life of mine. Not all training is outsourced. Says Moeti, “Say for instance if we see that a contractor is taking too long to replace a bolt, we then get one of our engineers internally, a mine employee, to come and train on site. In this way we also give support.”

A shining star In 2016 four people wanted to apply for the plant cleaning and maintenance contract but they were not registered as a business. The Voorspoed enterprise and supplier development unit assisted them with business registration and with an application to get the capital to buy equipment. A significant discount was negotiated on the machinery

Free State Business 2018  

Free State Business 2018 is the seventh edition of this highly successful publication that has since its launch in 2008 established itself a...

Free State Business 2018  

Free State Business 2018 is the seventh edition of this highly successful publication that has since its launch in 2008 established itself a...

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