Contributing to Fostering Inclusive Market Development
The development of small and medium scale enterprises and their successful integration in the various value chains can be vital for delivering Government’s job creation targets in the NGP Framework (2010) and the National Planning Commission’s National Development Plan: vision for 2030.
UNDP pioneered the establishment of UNDP-Private Sector Development Forum which is a tripartite initiative involving UNDP, Business Unity South Africa (BUSA) and Black Business Council (BBC) with a view to furthering the development of inclusive markets in South Africa. The tripartite forum sought to examine mechanisms that could broaden economic participation by all South Africans particularly through the channel of sustainable small and medium scale enterprises (SMMEs). The new programme hoped to contribute to strengthening local supply chains and entrepreneurial development, in part, through learning about successful experiences in other countries.
In collaboration with the Department of Trade and Industry, the UNDP-Private Sector Development Forum organised a study tour for Private Sector and Government representatives to go to Mexico in June 2012to learn about the country’s success with using the Supplier Development Programme approach developed in partnership with UNDP Mexico. The SDP methodology focuses on increasing the competitiveness of the small and medium enterprises through the adoption of corporate best practices and financial controls. It is designed to improve the technical capacity and capability of SMEs to be competitive; and to exploit opportunities prevalent in local and international value chains.