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“We aspire to be a global benchmark service provider that has an impact in Africa and abroad”

Our company’s values can be remembered easily as "ICESA".


CELEBRATING THE LAUNCH OF FOSKOR'S SUPPLIER DEVELOPMENT PROGRAM IN COLLABORATION WITH THE SASDC AND 20/20 INSIGHT

Richards Bay, KwaZulu-Natal - On 14 March Foskor celebrated the launch of a new Supplier Development Initiative which aims to enhance Foskor’s pool of qualified suppliers that they can draw from.

“The purpose of us meeting today is to reaffirm our commitment as Foskor in supplier development,” welcomed Sifiso Mncube, Divisional Procurement Manager at Foskor. “In the last four years Foskor took a view that as a company we cannot go forward unless we share the economy and we are able to bring black suppliers into the core function of what we do.”

Sifiso highlighted Foskor’s immediate plan of spending money in developing suppliers. However, he noted “if we spend one rand with you, then we must be able to do business with you”, emphasizing the importance of providing necessary support to black suppliers brought into the supply chain.

Sifiso also serves as a Board Member for the South African Supplier Diversity Council (SASDC), who played an integral advisory role in creating Foskor’s Supplier Development Program. The program complements one of the SASDC’s core functions of supporting its Corporate Members in establishing sustainable business practices that demonstrate supplier diversity, thereby increasing the flow of transactions between Corporate South Africa and black businesses.

Driven by the idea that “if supplier development beneficiaries are integrated back into the supply chain it puts your company in a better position because you can control and measure their growth,” SASDC Relationship Development Specialist Sibusiso Mtsetfwa worked in partnership with Foskor and 20/20 Insight, an SASDC certified company who specializes in supplier and enterprise development, over the past few months to create a Supplier Development program that adds value to all parties involved.

The first cohort of ten black companies will undergo an intensive four month training program led by 20/20 Insight, who works with corporate companies such as Foskor to help them develop SMEs in line with their empowerment objectives. “The new codes are saying the supplier base must change, and this change isn’t marginal – it’s huge. Companies will have to change,” says Karabo Mashugane, Managing Director of 20/20 Insight.

The “Optimization and Growth Strategy” training features bi-weekly business modules such as an overall company diagnostic, accounting, break-even analysis and human resources. As an outcome, suppliers will optimize efficiencies in their company and leave with a business plan for immediate adoption. Thereafter, the intention is to continue monitoring the performance of these companies and focus on a 10-year growth strategy to ensure business sustainability.

All ten supplier participants are 100% black-owned and certified by the SASDC, while two are also 100% black-women owned. Needless to say, utmost appreciation was expressed in response to Foskor’s Supplier Development Initiative for giving them in opportunity and making an investment in their business development.

“Foskor understands the background we black SMME companies come from,” says Tholie Cibane, Managing Director of TS Cibane Consulting CC. “I don’t want to be given things on a silver platter - I want to work for it. It’s just a matter of opening doors. If we can be identified as Foskor has done, we are prepared to work. Why not give us an opportunity rather than close the door as we try to enter the mainstream economy?”

Congratulations to the Foskor Supplier Development Program participants:

Zufi Projects
Engineering Solution Bay CC^
Mecheng Industrial Solutions (Pty) Ltd^
Khonzi Tarding and projects CC*
Mnguni Development Projects CC
Glonic Trading CC
Zikhuthaliseni Trading CC
Deltron Consulting (Pty) Ltd
Inhlanzeko Project Management Services CC
TS Cibane Consulting CC*

*indicates 100% black women-ownership
^indicates 50% or greater black women-ownership
All are 100% black-owned

The first training class runs from 27 March – July 19 2014.

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