PetroSA empowers its suppliers to ensure alignment with the new BBBEE legislation for business continuity
PetroSA intends to
take full advantage of the revised Broad-Based Black Economic Empowerment
(BBBEE) legislation, to empower its buyers and suppliers. The revised codes, announced by the
Department of Trade and Industry (DTI), became effective 1 May 2015.
PetroSA hosted an SMME
workshop at its premises this week where it appraised its small and medium
sized suppliers of the new requirements of the amended BBBEE Codes to ensure alignment
and continued services to the state-owned petroleum utility.
“Knowledge sharing through the PetroSA
Enterprise and Supplier Development (ESD) programme remains key to the growth
of businesses in our sector. The workshop, which primarily targeted Black
SMMEs, informed the delegates on PetroSA’s Enterprise and Supplier Development
programme. We want to ensure that service providers are equipped with the
relevant information to see them continue to access business opportunities, financial
support and other financial services offered by the Small Enterprise Finance
Agency (SEFA),” says, Mmabatho Matiwane of PetroSA.
The revision of the BBBEE
codes has ensured that PetroSA continues to support SMMEs and disseminates
relevant and pertinent information that will allow them to secure their
futures, provide sustainable development of their businesses and grow their
client base in the long term.
“PetroSA has embraced
the changes brought by the new BBBEE legislation and we are familiarizing
ourselves with the changes made to the BBBEE Act by continuously engaging with
experts in the field. The new regulation will have an impact on how PetroSA
does business going forward, as it requires more effort and planning to be put
on two key BBBEE priority elements such as skills development and Enterprise
and Supplier Development (ESD),” she said
“We will continue to
engage in discussions that address changes in the BBBEE legislation that impact
SMMEs to ensure that, as PetroSA, we are aligned with these changes. In return,
we are able to empower SMMEs through our engagement and awareness sessions;
through business chambers and industry associations to ensure that all parties
are aligned,” concluded Ms Matiwane.
For more information
Ms Zama Luthuli
Tel 021 929 3117