Competitiveness of black suppliers
To qualify for saibl, an enterprise should satisfy the following requirements:
::.. Ownership: More than 50% unfettered black ownership or shareholding
::.. Solvency: More than a year in operation as a going concern
::.. Management: At least 50% of management positions held by blacks
::.. Legal Status: Registered as a legal entity
The owners must provide documents to verify ownership, financial status, legal status and management. In addition, saibl applies suitability criteria including potential for linkage to corporations, growth in sales and employment potential.
The saibl SME Competitiveness Component facilitates supply-side solutions to increase the competitiveness, competencies and capacity of black enterprises, preparing them for identified market opportunities and business linkages. By comparison, saibl's work with business associations and support for trade competitiveness is demand-driven, thereby ensuring that saibl is able to facilitate both demand-side and supply-side interventions to create a more integrated South African economy.
Black entrepreneurial firms have mostly been started by their owners, with low financial resource endowments, limited business management skills and weak business networks and relationships. Globalization has increased the need to constantly innovate and keep ahead of the competition. Given the right support, black enterprises can be competitive and become players in the mainstream economy.
saibl provides capacity-building solutions at firm-level and also on a group basis in sectors, sub-sectors and clusters. Support is provided to prepare enterprises for identified market opportunities and help bridge the gap between business communities and local communities that are not doing much business with each other.
The goal is to assist black enterprises to become more competitive in the domestic and international markets, as measured by the growth in sustainable business with corporations.
To increase the competitiveness, competencies and capacity of black enterprises, saibl is building a database of at least 1 000 linkages-ready, competitive black enterprises. To date, more than 400 black enterprises have been screened, assessed and registered on the saibl database.