Supplier marketplace purpose
We’re committed to advancing Africa's growth, and our procurement team plays a vital role. We want to partner with diverse groups of suppliers to enable socio-economic progress of small to medium enterprises.
Supplier Market Place
What’s the Supplier Marketplace?
It’s an initiative to support supplier growth by giving smaller businesses the opportunity to participate in our supply chain, driving socio-economic impact and growth in the regions we serve.
What kind of suppliers does the bank need?
Our goal is to empower and partner with B-BBEE-compliant suppliers, black-owned, and black female-owned enterprises, in various sectors; giving them access to economic opportunities.
Supplier support initiatives
We unbundle large contracts into smaller, manageable segments, opening procurement opportunities for smaller enterprises. This promotes inclusion in the supply chain. We actively encourage large and established suppliers to sub-contract portions of their contracts to small, black-owned enterprises, promoting skills development and job creation.
Frequently Asked Questions
Why should I sign up?
You can get access to a broader network of business opportunities for your small business.
When will I get a contract?
When you apply to become a supplier, your company is entered into a database. When opportunities arise that align with your business, you may be considered for the tender and you will be asked to proceed with an application. The contracts are granted in line with the availability of procurement opportunities, the pre-qualification criteria and the bank’s policy.
What are the benefits of this registration?
Registered suppliers have access to training and development through the Procurement Readiness Programme, have access to pre-qualification, and get support for skills development and job creation.
Who does the bank want to apply?
The Standard Bank Group is interested in working with all suppliers and in particular, those that meet certain criteria such as B-BBEE compliance, black ownership, black female ownership, and supplier location and industry which are consistent with the bank’s socio-economic development objectives.
What help is there for new suppliers?
The bank provides a Procurement Readiness Programme which consists of training, mentoring and financing to support small businesses, in particular those who are awarded contracts.
What is localisation, and how does it impact procurement opportunities?
Localisation is an initiative that directs procurement opportunities to suppliers based in specific districts, regions or municipalities. This ensures that local businesses, especially those in designated areas, can participate in procurement opportunities, enhancing local economic development, improving service delivery efficiencies, and supporting the bank's socio-economic transformation goals.