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Alexander Forbes Enterprise Development
Posted by Daniel Makhura on 24 July 2017 1:10 PM SAST
More info about the above
Our approach to enterprise development is two-pronged. Our most significant contribution is in the form of our partnership with the Association of Savings and Investments South Africa (Asisa) which was concluded in March 2015. A total investment of R12 million was made to the ASISA Enterprise Development Fund to be recognised over a period of five years.
In addition, during the year we initiated a supplier development programme in which we identified promising BEE suppliers in our supply chain following due-diligence and needs analysis processes. These suppliers could, once the due diligence is complete, be provided with capital investment, equipment and training.
Last, we continue to allocate space in our headquarters to certain BEE suppliers. In 2016 this equated to approximately R2.2 million in recognised enterprise development support.
