Enterprise and Supplier Development (ESD) refers to a set of affirmative action and local content development measures aimed at promoting economic transformation. Under the revised B-BBEE Codes, ESD refers to the combination of Preferential Procurement, Supplier Diversity, Supplier Development and Enterprise Development programmes.
A national policy aimed at public and sector procurement to buy goods and services from previously disadvantaged individuals or businesses.
The process of working with certain suppliers on a one-to-one basis to improve their performance for the benefit of the buying organisation, leading to improvements in the total added value from the supplier in question in terms of B-BBEE rating, product or service offering, business processes and performance, as well as improvements in lead times and delivery.
An economic development strategy that is underpinned by building SMMEs, and integrating them into competitive markets that are stronger and more inclusive. Enterprise development is achieved by monetary and non-monetary, recoverable and non-recoverable contributions actually initiated in favour of a beneficiary entity by a measured entity with the specific objective of assisting or accelerating the development, sustainability and ultimate financial independence of the beneficiary.
Through its vision of powering better lives in Africa and beyond, Exxaro aspires to implement leading practices in ESD across the core functional areas. This initiative intends to promote economic transformation through developing entrepreneurs and suppliers and creating competitive markets for them to generate more jobs and establishing sustainable communities.
Exxaro is committed to creating opportunities for black-owned suppliers and black entrepreneurs to encourage economic growth in the country through our operations and other ventures. We will leverage our purchasing power as well as our internal and external capabilities to deliver sustained stakeholder value, which entails: