WITS BUSINESS SCHOOL JOURNAL, Supply chains key to BEE

WITS BUSINESS SCHOOL JOURNAL, THE [Page 38-39]

Supply chains key to BEE By Stephen Timm Anglo American's successful Anglo Zimele model demonstrates that twinning mentorship with funding – either in equity or loans – is one of the most effective ways to transform supply chains. HE DAYS WHERE btack economic empowerment (BEE) meant selling 25.1% of your company to a btack shareholder are fast coming to an end, as an increasing number of large companies respond to the pressing need to transform their supply chain and assist black-owned enterprises. Companies can score BEE points if they support black-empowered businesses or black-owned small enterprises through mentoring, preferential payment terms and interest-free loans or grants.

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