Over the last four years, 12 041 firms owned by previously disadvantaged individuals have received their share of R57.7 billion spent on procuring goods and services in the provincial government. This is according to the Gauteng MEC for Finance Barbara Creecy while presenting the 2018/19 Gauteng Budget presentation.
A total of 7 488 companies are owned by women, 5 539 companies are youth owned, and 2 145 companies are owned by people living with disabilities. The provincial government has increased its expenditure on supporting township businesses by 13% per annum.
In the year to date, infrastructure departments have spent a total of R577 million on subcontracting township builders, plumbers and other artisans providing a new contribution to the overall township economic revitalisation programme.
By the end of this year, the provincial government hopes to have utilised almost half of the nine and a half thousand township companies available in their database.
Gauteng government also understands the importance of the role that the micro enterprises play when it comes to providing job opportunities for young people. MEC Creecy solidified that the government is working with its departments to design a developmental pipeline to illustrate how start-up businesses move from informal operations, through developmental programmes, to access bigger markets.
A Supplier Development workshop will take place later this year to reach a consensus on the model of the pipeline so that partnerships can be built with the private sector and civil society for its implementation.