Ramaphosa to launch online trading platform for small businesses
The Business Leadership South Africa (BLSA) Connect platform is expected to promote supplier diversity and the inclusion of black suppliers in the value chain
PRESIDENT Cyril Ramaphosa will launch an online trading platform tomorrow (Thursday) that will link registered small, medium and micro enterprises to supply chain opportunities of large companies.
The Business Leadership South Africa (BLSA) Connect platform is expected to promote supplier diversity and the inclusion of black suppliers in the value chain.
In February Ramaphosa signed into law the Competition Amendment Bill which is intended to open the economy to fresh investment and innovation.
Ramaphosa will also launch the SA SME Fund CEO Circle tomorrow, which aims to finance and scale up black SMMEs.
‘The fund was set up under the auspices of the CEO Initiative in 2016 to stimulate growth and investment and draw on the expertise of South Africa’s top business leaders.
‘Fifty of South Africa’s largest companies have collectively invested R1,4-billion in capital in the SA SME Fund, which is mandated to invest the bulk of its funding into black emerging businesses,’ the Presidency said.
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