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Delivering opportunities Implats spent nearly R3-billion on procurement from local businesses.

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mplats’ enterprise and supplier development activities focus primarily on supporting local and black businesses and are designed to ensure compliance with regulatory expectations, contribute to socioeconomic development in neighbouring communities and build a more robust and competitive supply chain for the group. Enhancing procurement opportunities is important in creating sustainable communities, improving community relations and advancing the economic development of these areas. Our preferential procurement practices and enterprise and supplier development activities make a tangible difference to the lives and families of emerging black entrepreneurs and stimulate economic development in our host communities. To this end we spent R2.9-billion on procurement from local businesses (all >25% BEE), within the Bojanala district for Impala Rustenburg operations and the Greater Sekhukhune district at Marula, constituting 32% of total procurement discretionary spend (2017: R2.6-billion or 29%). Supporting local and black-owned businesses through preferential procurement is an important part of promoting transformation and Implats undertakes the following activities to develop entrepreneurial skills: • Seeking, identifying, supporting and promoting appropriate historically disadvantaged suppliers through sustainable procurement. • Leveraging the existing supplier base to unlock local employment opportunities, mentorship and investment in the value chain. • Nurturing an environment for partnerships and joint ventures between the existing supplier base and local entrepreneurs. • Striving to improve year-on-year BEE spend performance relative to the requirements of the Mining Charter.

Some key initiatives at Implats •

A Supplier Development Programme that seeks to enhance the competitiveness of local small, medium and micro enterprises and black-owned businesses. A Business Advisory and Development Service that helps local black entrepreneurs to grow and sustain their businesses and become part of the supply chain. Supporting local and black-owned businesses through preferential procurement through seeking, identifying, supporting and

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promoting appropriate historically disadvantaged suppliers through sustainable procurement practices. Leveraging the existing supplier base to unlock local employment opportunities, mentorship and investment. Nurturing an environment for partnerships and joint ventures between the existing supplier base and local entrepreneurs. Striving to improve year-on-year BEE spend performance relative to the requirements of the Mining Charter, and reporting in parallel on B-BBEE performance as per the Department of Trade and Industry’s Codes of Good Practice. Enhan cin g p ro curem ent opportunities, specifically in neighbouring communities, is important in creating sustainable communities, improving community relations and advancing local economic development.

Further, our investment in the accommodation and living conditions of employees is one pillar of Implats’ contribution to the well-being of its host communities. Our social investment strategy complements this by providing schools, clinics and other amenities. Social programmes and investments are identified in collaboration with stakeholders in the areas in which we operate.

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North West Business 2019  

The 2019 edition of North West Business is the ninth issue of this highly successful publication that, since its launch in 2009, has establi...

North West Business 2019  

The 2019 edition of North West Business is the ninth issue of this highly successful publication that, since its launch in 2009, has establi...