R1bn in procurement opportunities for small businesses

19 September 2018 | Web Article Number: ME201811874

Property – Commercial & Industrial
SMME Development & Support

PROPERTY Point, the Growthpoint Properties initiative, has officially facilitated more than R1 billion successful procurement opportunities for small businesses operating in South Africa’s property sector.

Property Point was launched by Growthpoint Properties in 2008, and this year represents a decade of its success in developing sustainable small businesses.

Over the past 10 years, it has facilitated market opportunities worth R1.14 billion for the 168 SMEs that have taken part in its two-year enterprise and supplier development programmes. It has also created more than 2,405 full-time jobs.

R1bn in procurement opportunities for small businesses

According to the company, participating SMEs report an average 44% growth in revenue.

Shawn Theunissen, Head of Corporate Social Responsibility at Growthpoint Properties and Founder of Property Point, said, “This is a massive achievement and one that we are incredibly proud of. Significant impacts like this are only possible by working together with the sector and its stakeholders”.

Estienne de Klerk (pictured), Growthpoint Properties SA CEO, said, “Property Point has created a bridge between the property industry and small black business that facilitates real access, opportunities and wealth. This creates jobs and makes a positive contribution to the economy.”

Property Point has pioneered collaboration across the property industry by working with both the public and the private sector. With partners such as Attacq Limited and the Department of Small Business Development (DSBD), it is driving enterprise and supplier development forward for the real estate sector.

Property Point has a track record of growing competitive small businesses and unlocking supply chain opportunities in Gauteng, KwaZulu-Natal and the Western Cape. It supports small businesses to grow, build good reputations, access market opportunities, and use innovation to become sustainable concerns that stimulate the economy as a whole.

Besides its enterprise and supplier incubation for the property sector, the company also leverages its resources to boost entrepreneurs across all sectors of the economy. So far 3,700 entrepreneurs have attended Property Point’s various seminars and workshops, including its popular monthly Entrepreneurship To The Point sessions.

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