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Enterprise Development
Edcon is the leading clothing, footwear and textiles (CFT) retailing group in Southern Africa, trading through a range of retail formats and therefore has a significant role to play in stimulating growth in the country and transformation within the retail sector.
Edcon recognises that the implementation of an Enterprise Development (ED) Policy is an essential mechanism to meet and embrace the objectives set out in the Broad-Based BEE Act 53 of 2003 and will enable Edcon to fulfil its commitment to BBBEE, facilitating economic participation in the economy by black people, women and people with disabilities.
Edcon's ED strategy is to implement initiatives that will empower and transfer skills to its employees, its customers and its suppliers.
Only enterprises that are either category A or B will be considered for ED programmes
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Qualified Small Enterprises & Exempted Micro Enterprises (QSEs & EME's) |
QSEs & EMEs which are 50% black owned or 50% black women owned
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Any size of entity which are: |
- 50% black owned or 50% black women owned (level 1-8)
- 25% black owned or 25% black women owned (level 1-6)
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Only suppliers that have provided valid certificates validating their BBBEE status will be considered for any ED initiatives and benefits.
Such initiatives will include the following:
- Joint ventures and partnership with our employees to facilitate transfer of ownership of some of our stores to employees. In September 2006, prior to the implementation of the BBBEE codes of good practice, Edcon rolled out its first groundbreaking 'Fifty-Fifty' programme. The programme will enable qualified Edcon store managers to own 50.1% of selected Jet stores.
- Supplier Development to ensure that all small to medium enterprises that qualifies as per ED requirements (Category A and B) have access to monetary and non-monetary support offered by Edcon. Such support includes training, mentorship, provision of procurement opportunities, resource funding, short payment terms and other support which will be determined by Edcon through its assessment of its suppliers.
- Edcon will also welcome other ED initiatives which may be targeted at our customers.
The Transformation and Corporate Affairs division is continually evaluating business proposals that are aligned to Edcon's core business principles. If you are aware or have any suggestion of potential Enterprise Development initiative that you think will add value our current core business activities, please feel free to forward any proposals or enquiries to: ED@edcon.co.za.
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