29
Sep
2014

Big Business Playing A Role In Developing Suppliers

Magnet Electrical sets up a Canteen through Bosch Ulwazi’s Enterprise Development Programme

Magnet1A lot has been discussed around issues pertaining to Supplier and Enterprise Development, and one of the key challenges for the SME’s is that they are not fully equipped and do not have the capacity to meet the demands of the large corporates.

Through Bosch Ulwazi’s Enterprise Development initiative, large corporates are now willing to engage and assist in developing the SME’s and change SME’s to be more capable suppliers by helping to improve the existing suppliers’ capabilities. It is best to view supplier development as a long-term business strategy that is the basis for an integrated supply chain. The first step, therefore, is to successfully implement supplier-development programs.

Magnet Electrical has been in operation since the early 1970’s. Exceptional growth and success in the industry led to the Magnet Group, comprising of 2 companies and 4 divisions, all servicing the Industrial and Commercial sectors across South Africa. Magnet is doing its part in the supplier development forum by identifying previously disadvantaged individuals (PDI) developing and assisting with the growth and expansion of these businesses.

It was Slindile Cele of Magnificent Meals’ dream to be a business owner of an up-market canteen. Magnet has made this dream possible. Slindile was assisted in setting up a fully operational canteen. The canteen provides snacks and meals for the staff at Magnet as well as clients and also catering for company functions.

Slindile started working as a cleaner at Magnet Electrical. Magnet’s Managing Director, Brian Howarth, identified her potential and concluded that Magnet will utilize their Supplier and Enterprise Development spend to set up a canteen. Slindile was assisted with skills development, business expansion as well as financial assistance. The development of Magnificent Meals was facilitated through Bosch Ulwazi.

Vision & Values

Our vision is to be a world class engineering and operations group that provides innovative solutions globally. Our business is fortified by adhering to a strong set of values including; integrity, delivery, people, accountability, teamwork, innovation and fun.

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Durban:
 Tel :  +27 (0) 31 535 6000
 Fax :  +27 (0) 31 535 6016
Johannesburg: +27 (0) 11 706 4558

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