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Woolworths and Transformation
Posted by Daniel Makhura on 2 October 2017 8:15 AM SAST
THROUGH OUR TRANSFORMATION STRATEGY, WE HAVE A NUMBER OF KEY FOCUSES:
We’re committed to the socio-economic transformation of our country and workforce and are working towards increasing equity ownership of Woolworths.
We’re also transforming our supply chain by facilitating entry of small, black and women owned businesses into the Woolworths supply chain and supporting them to be sustainable businesses. We help these suppliers by offering preferential payment terms, low-cost loans and product development guidance through our supplier and enterprise development programme.
We’re contributing to South Africa’s national development priorities through our social development initiatives.
Other key BEE initiatives:
Preferential procurement: Woolworths is committed to growing the number of BEE supplier partners in our supply chain.
Employment equity targets are also a key focus for us and we will continue to accelerate the development of core retail skills through focused training initiatives.
Further, enterprise development is important to our business and Woolworths has set up teams devoted to working more closely with emerging suppliers.
