Transnet National Ports Authority (TNPA) hosted a procurement masterclass for KwaZulu-Natal’s youth-owned Small, Micro, Medium Enterprises (SMME)s in the Port of Durban.
This initiative forms part of TNPA’s annual youth month commemoration under the theme “accelerating collaborations and opportunities to improve the lives of the youth.”
The session was aimed at creating a platform for TNPA and guest speakers from Small Enterprise Development Agency (SEDA), iThala Development Finance Corporation, and Bizfarm to expand on the challenges in the procurement value chain system and provide working solutions to mitigate these challenges.
Key discussion points also included service offerings from the guest speakers, access to finance and funding opportunities for youth entrepreneurs, business support and incubation opportunities, as well as Transnet’s procurement policies and procedures.
“This initiative is one of many Social Economic Development (SED) initiatives that the Port of Durban is embarking on. Our SED strategy seeks to address social inequality through community development and enable transformation in the maritime industry.
Youth-owned businesses are the future of South Africa, and we are resolute in our efforts to support these catalysts of change,” said Mpumi Dweba – Kwetana, Port Manager at the Port of Durban. The interactive session ended with an Elevator Pitching Competition where randomly selected delegates gave two-minute elevator pitches to the business incubation prize sponsor, BizFarm.
The winning pitch received a 3-month “Grow Your Business” incubation package valued at R30 000, aligned to the marine/ automotive sector.
