The BMC’s most beneficial financial impact is undoubtedly on local suppliers and the economy of the Northern Cape. To this end, BMC through Phakamani Impact Capital manages an ‘Enterprise and Supplier Development Fund’ to promote the advancement of local suppliers and the economy. The objectives of this initiative include:
Connecting SMMEs to start-up funding and working capital avenues
Funding SMMEs with potential and viable business proposals
Mentoring and coaching with funded SMMEs
Developing and supporting new and emerging small businesses.
Although only launched in 2018, the positive impact of this initiative speaks for itself.
This program will henceforth be driven by the Commercial Departments with minimal support from the CSR Department.