Our new website has launched, click here to visit.


Coega Development Corporation
 
Coega Special Economic Zone
 
Coega Services
 
Coega Empowers SMMEs at ESD Indaba - published 23 Nov 2022

Coega Empowers SMMEs at ESD Indaba

Left to right: CDC SMME Programme Manager Unathi Maholwana, CDC Senior BBBEE Analyst Ntombozuko Sijila, CDC Executive Manager for Corporate Services, Mokgaetši Sebothoma, Empowerment Group Solutions (SMME) Noditha Madingana and Ambesa Peter

 

 

Gqeberha, South Africa, 23 November 2022 - In line with its SMME Development Strategy, the Coega Development Corporation (CDC), today, exhibited alongside the Coega SMME beneficiaries from its database as part of a multi-pronged SMME development programme, during the two-day Enterprise and Supplier Development (ESD) Indaba, at the Radisson Blu Hotel.

The ESD Indaba, which aims to build thriving enterprises through best practice in ESD, is one of South Africa’s premier events for enterprise and supplier development with attendees including members of government, financiers, entrepreneurs, and business development practitioners.

According to Unathi Maholwana, CDC SMME Programme Manager, Coega is an empowerment and transformation-driven organisation and is conscious of the power of the small business sector in terms of job creation and economic growth. By empowering small businesses, Coega champions socio-economic development, which is in line with its vision and strategy.

Empowerment Solutions (Pty) Ltd, Sufficient Solutions (Pty) Ltd, Yebo ICT, and Mhlobiso Group were among the SMMEs attending the event to market their suite of services to delegates. In fact, Lungani Ndlebe, who is the Managing Director at Yebo ICT said: “This is an opportunity to market our products and network with stakeholders.” With financiers, business development practitioners and fellow entrepreneurs in attendance, it is indeed an opportunity to network and grow business.

Unpacking Coega’s SMME development approach, Mokgaetši Sebothoma, CDC Executive Manager for Corporate Services, shared Coega’s key ESD learnings which are based on nearly a decade of experience in SMME development. She mentioned that “our purpose, through this Indaba, is also to share knowledge towards the promotion of best practice in ESD and explore potential partnerships for the advancement of holistic development.”

She said that the Coega SMME Development Programme facilitates holistic development through mentorship, training, technical assistance, and marketing assistance to help unlock SMME opportunities.

As operator and developer of the Coega Special Economic Zone (SEZ), Coega places emphasis on the development of local SMMEs to contribute to the sustainable development of the SEZ project. Moreover, Coega continues to create an enabling environment for local small businesses through Coega’s SMME Database. Coega spreads the pool of SMMEs benefiting from its projects according to its footprint, nationally; and this programme has been hailed by many stakeholders, partners, and government as a success in areas far and wide, covering Alfred Nzo, Amathole, O.R Tambo and Sarah Baartman. Furthermore, Coega has unbundled major multi-million-rand contracts into smaller packages to open opportunities for more contractors.

Sebothoma also shared that Coega has made major headway in creating empowerment opportunities derived from the contracts awarded by Coega, based on the empowerment criteria of: Broad-Based Black Economic Empowerment (B-BBEE), Women Empowerment Ownership (WEO) and Local Empowerment Participation (LEP). She adds that of the 1,569 billion spent on SMME procurement by Coega during the last financial year, R1,31 billion was spent on black owned SMMEs, and R419,316 million was spent on black women owned SMMEs. Sebothoma explained: “Our ESD Strategy is supported by six pillars – create employable SMMEs through the localised SMME database, create sustainable opportunities through effective value engineering, gap analysis and closure by way of training interventions, forward opportunities to available SMMEs via Coega procurement processes, support contracted SMMEs with mentorship, and graduate successful SMMEs with portfolios of evidence linked to the database.”

As a forerunner in SMME Development throughout the region, Coega’s participation at this year’s ESD Indaba firmly propels the sustainable development of small businesses through creating opportunities and platforms to enable the growth of SMMEs, concludes Sebothoma.

Home | Media Centre | Newsletter | Tenders | Link | Contact us | Disclaimer | Copyright © 2023 Coega Development Corporation (Pty) Ltd
Useful Links »