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Supply Chain Fund assists the Group's procurement departments in identifying BEE suppliers and ensuring the channelling of business opportunities to black-empowered SMEs. Anglo Zimele supports BEE enterprises through equity and loan finance, and provides hands-on support and guidance to the various investments in areas such as corporate governance, safety, health, environment, legal, accounting, company secretarial aspects and public relations.
The roots of this fund date back to the early 1980s when Anglo American, on the advice of Clem Sunter and his scenario planning team engaged with the concept of dual-logic economies whereby large, world-class businesses were supported and underpinned by a network of small businesses that produced components for a final product or processes or provided non-core services. Examples of such include design and manufacturing of underground mining equipment, repair and maintenance of earthmoving buckets, corrosion protection, technical, safety and support services, women and youth development fund, project and civil engineering and rubber recycling.
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