By supporting local procurement everybody wins. Local businesses allow us to have a resilient supply chain and, by doing business with these entities, we help the communities they’re based in to grow.
We spent R4.4bn on suppliers in host communities
21.8% of our discretionary spend
was with HDSA-owned business, totalling R14389.28bn
What are the benefits?
||To the community
|Improves efficiencies in our supply chain by bringing down logistics costs
||Contributes to job creation and skills development
|Provides secure access to critical goods and services
||Improves local economic and social development
|Often helps us obtain and maintain our social license to operate
||Helps to create sustainable small businesses
Local procurement plays a big role in our overall preferential procurement policies because it’s part of our commitment to contribute to our host communities and country. It’s important to us that this policy, like all our supplier policies, is mutually beneficial – it must suit the company and the community. We hold our local supplier to the same standards as our larger suppliers, and work with them to ensure they achieve acceptable governance standards. We also ensure that we offer opportunities to local suppliers throughout our process, from exploration to rehabilitation.