Announcement comes as a strategic decision to focus on fostering economic growth and inclusivity
Nestlé, a leading global food and beverage company, announces a groundbreaking pledge of R2.5 billion over the next five years to foster the growth and development of black industrialists across the East and Southern Africa region. This commitment underscores Nestlé's dedication to sustainable procurement practices, supplier partner development, and agro-processing initiatives within its value chain.
The proclamation comes amidst the backdrop of the esteemed Second Black Industrialists and Exporters Conference, hosted by the Department of Trade, Industry, and Competition (the dtic) at the prestigious Sandton Convention Centre held last week. Themed "Black Industrialists – Catalysing Economic Growth and Jobs," this pivotal conference has convened over 1,200 delegates to celebrate the monumental achievements of the Black Industrialists Programme since its inception in 2016.
Central to Nestlé's pledge is its strategic investment in raw materials, packaging, and supplier development, poised to ignite sustainable growth and catalyse opportunities for emerging black-owned businesses. Through collaborative efforts with government and industry stakeholders, Nestlé aims to forge a path towards a more inclusive and prosperous future for generations to come.
Speaking about the pledge, Nestlé’s spokesperson, Mota Mota, says, "we are proud to partner with the Black Industrialists Programme to promote inclusive economic development in South Africa. By investing in local talent and fostering entrepreneurship, we can build a more resilient and prosperous future for all."
The conference also witnessed a myriad of commitments from various sectors, with over R261 billion pledged for procurement by both private and public entities over the next five years. This monumental investment underscores the unwavering dedication of South Africa's corporate sector towards supporting black economic empowerment, industrialisation, and job creation.
As President Cyril Ramaphosa presided over the pledge ceremony, he underscored the significance of such commitments, emphasising their pivotal role in creating an ecosystem where black industrialists can drive economic growth and innovation. Minister of Trade, Industry, and Competition, Mr. Ebrahim Patel, echoed these sentiments, lauding the collaborative efforts between private and public sectors as a cornerstone for fostering an inclusive economy.
The Second Black Industrialists and Exporters Conference marks a watershed moment in South Africa's journey towards economic transformation and empowerment. With Nestlé's resolute commitment alongside other leading corporations, a new era of opportunity and prosperity beckons, heralding a future where the aspirations of black industrialists are realized, and the nation thrives.
Nestlé East and Southern African Region (ESAR)
Mota Mota
Head: External Communications
Tel: +27 (0)78 457 6516
Email: [email protected]
About Nestlé
Nestlé is the world’s largest food and beverage company. It is present in 187 countries around the world, and its 291,000 employees are committed to Nestlé’s purpose of unlocking the power of food to enhance quality for everyone, today and for generations to come. Nestlé offers a wide portfolio of products and services for people and their pets throughout their lives. Its more than 2,000 brands range from global icons like Nescafé or Nespresso to local favourites like Ricoffy. Company performance is driven by its Nutrition, Health, and Wellness strategy. Nestlé is based in the Swiss town of Vevey where it was founded more than 150 years ago.