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PPC Enterprise Development and Preferential Procurement
Posted by Daniel Makhura on 14 August 2017 9:00 AM SAST
Info about the above
The PPC Ntsika Fund (Pty) Limited (Ntsika) was established in 2008 as our enterprise development fund and formal vehicle for financial support and active mentorship to black-owned enterprises. To date, the Ntsika board has invested R64 million in six black-owned businesses. Given the entrepreneurial nature of these initiatives, some are more successful than others. Through financial support and mentorship, PPC is focused on ensuring long-term success where possible.
Although most of these businesses are
struggling in the current economy, we have learned important
lessons about ensuring the sustainability of future investments
through financial support and mentoring.
We seek to migrate procurement from non-transformed companies
and bring new participants into mainstream procurement
opportunities without relinquishing our established value-for-money
principles. As such, we have several initiatives under way:
■■ Key supplier roadshows
■■ Engaging our strategic suppliers to ensure full understanding of
the revised codes of good practice, which were gazetted in
October 2013, and their impact on the respective organisations
as well as PPC. We have also established the suppliers’
empowering status, a fundamental requirement of the revised
codes
■■ Supplier assessments/accreditation processes
■■ PPC has assessed key suppliers to ensure sustainability of our
value chain, mitigated supply-related risks and promoted
collaborative partnerships.
