Kaya 959 Reporter
Shoprite launches a new division aimed at supporting small businesses in South Africa.
The new initiative aims to support its ongoing efforts to provide small suppliers access to its consumer market.
The Shoprite Group has established Shoprite Next Capital, a business division devoted to empowering and expanding commercially successful SMMEs.
Kaya Biz with Gugulethu Mfuphi spoke to Maude Modise, General Manager of Enterprise and Supply Development for Shoprite Group to give insight on the latest initiative.
LISTEN TO THE FULL CONVERSATION HERE:
Modise says the new division is a stand-alone business division that will hit the ground running to assist SMMEs in South Africa.
“Shoprite Next Capital is a separate business unit that will focus on SMMEs and what their challenges are, and how we can better assist them in navigating the world of business. It’s a separate business division that is equipped with people and resources that will assist SMMEs,” says Modise
By granting SMMEs access to its consumer market, the Group claims that Shoprite Next Capital formalizes the crucial role it plays in the growth of such businesses.
Modise says Shoprite will be assisting businesses with a range of services and opportunities.
“Basically what we will be doing is to be providing SMMEs access to working capital, packaging and labelling support, and marketing opportunities. There are also other opportunities we would like to explore, like possible partnerships, on private labels with SMMEs within the South African sector. ” says Modise.
She also added that by offering, data sharing, product range and geographic development, as well as potential private label collaborations, Shoprite Next Capital will function as a one-stop-shop for SMME partners.