Business owners looking for a boost can get up to R1 million in finance in accordance to their needs as part of a Massmart supplier development programme.
Sheryl-Lee Singh, Massmart’s supplier development manager, says the company’s Ezemvelo Direct Farm programme, which forms part of Massmart’s supplier development programme, currently targets small farming businesses across the country.
Because needs may vary from supplier to supplier, funding assistance differs from each business accepted into the programme.
Ezemvelo, which Massmart launched in August 2012, forms part of a 2011 decision taken by competition authorities when Wallmart bought into local retailer.
This resulted in the formation of the R242 million Supplier Development Fund by Massmart, under which Ezemvelo is managed.
Massmart procures fruit and vegetables, packaged goods, clothing and building supplies from local farmers, manufacturers and construction businesses.
Singh says that Massmart’s R242 million Fund’s enables the retailer to procure from existing as well as potential suppliers, while helping to fund small businesses that are also enrolled in the Ezemvelo programme.