Sasol Report to Society 2020 - Book - Page 71
Economic transformation
and local content
Preferential
procurement
Total
Black-owned
spend with suppliers
increased to
Small business development
and funding support
In nine fenceline communities where we operate across South Africa,
over 390 entrepreneurship individuals were reached through
self-discovery and business skills teachings. 72 businesses were created and
registered through the Sasol-I-AM-PRENEUR programme meant to equip
individuals with knowledge and business skills to start and grow their own
businesses, and therefore add value to, themselves, and their communities.
400 SMMEs received
development support
after conducting
87 workshops. Many have
graduated from an
Enterprise Development
to Supplier Development
path with revenue growth.
Sasol Siyakha Trust
continues to accelerate
SMME growth by
providing loans to
black-owned suppliers,
enterprises and
entrepreneurs.
Our loan book
provided funding of
R488,7 million
for Supplier
Development.
R26,3
billion
against a target of
R21,8 billion for
2020
A number of
SMMEs received
payment relief
on their loans to assist
them to deal with the
impact of the Covid-19
lockdown.
Opportunity identification for sustainable
opportunities across various supply chain
categories have delivered
143 opportunities/contracts
since inception, with a spend of
R47 776 220 in Sasolburg, R391 803 277
in Secunda and R745 500 876 in our
extended fenceline communities. More
opportunities will be allocated to SMMEs
over the next two to three years.
Sasol In Society: 2020 Report
69
