The number of people without work in South Africa will grow by an additional one million people over the next three to five years, placing a higher burden on society and the economy to support those without incomes.
As government and the private sector endeavour to respond, the national focus on supply chain inclusiveness and localisation will intensify. Large businesses operating locally will be compelled to demonstrate higher levels of commitment to transformation, localisation and the development of small black owned businesses, often within their direct value chain.
With the government’s two-decades-old ~R20 billion per annum focus on inclusiveness and localisation failing to deliver sustainable impact, it’s time for organisations to rethink their strategic response.
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