Get On Board and Get Empowered

The partnership between the Black Business Council, Tendersure, Vendorsure and Cadiz Asset Management is enabling the move towards South African Businesses joining the "flat" world.

Thomas L. Friedman, author of "The World is Flat" wrote an intriguing book about the game changing internet platform that empowers businesses around the world. The availability of free information through the internet continues to help small businesses improve their operations and increase their connection with target markets. Similarly, the Black Business Council provides networking platforms and access to information that assists South African black industrialists.

Many small businesses struggle to get access to markets that would allow them to secure major contracts. Tendersure and Vendorsure will provide them with access to markets as they currently offer billions of rands per annum worth of private sector tenders on their web-based platform. 

However, some businesses would not even bid for contracts because they lack the financial capacity to deliver on them. Thanks to Cadiz Asset Management's Inyosi Supplier Development investment, small businesses will have the ability to access working capital that would enable them to deliver more efficiently. 

How this would work is as follows:

1. Any corporate who wants Supplier Development to improve their BBBEE points invests the required amount into the Supplier Development Fund offered by Cadiz
2. The corporate is provided access to the Vendorsure database of Black owned businesses (developed in conjunction with the Black Business Council)
3. The corporate places a tender on the Tendersure platform
4. Any black owned company responds to the tender
5. The corporate approves the bid or proposal and sends the black owned company a contract
6. The black owned company then approaches the Supplier Development fund for working capital funding to fulfill the tender they have just won
7. When the Black owned company delivers on the tender, the company receives the full contract value less the working capital advanced and the interest on that advance

Through the Department of Trade and Industry, the Black Business Council was able to form this partnership that delivers two significant benefits to Black owned companies - access to markets and access to finance. This is a win-win solution for all parties, and will assist South Africa in achieving economic transformation. South African companies are encouraged to get on board and become empowered.

If you are interested in this solution, CLICK HERE.