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    Experts advise SMEs to keep a clean financial record to secure loans. Photo. Banking Association of SA

    Poor personal credit scores shutting SA SMEs out of funding

    The 155MW first phase of Ummbila Emoyeni forms part of a planned 900MW renewable energy programme. Photo. ummbilaemoyeni.com

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  • Agriculture
    Mems Ramaila is making waves in the beekeeping sector

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    Carmen Stevens launched Carmen Stevens Wines in 2011. Today the business is recognised as South Africa’s first 100% Black-owned and woman-owned winery.

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Photo:wandilesihlobo.com

    Eastern Cape commits R80m to support emerging grain farmers

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    SME food operators reclaim margins as national pork prices drop

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    Emerging farmers urged toward commercial livestock production

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    SA innovator sparks investor interest at international tech show

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    Setšong Tea Crafters was able to overcome barriers that often keep rural enterprises out of mainstream retail channels. Photo. Lucas Ledwaba\Mukurukuru Media

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    New Stats SA data shows more than 750 business insolvencies were recorded in South Africa during the first half of 2026. 

Photo: OLIVIER LE MOAL

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    Minister Stella Ndabeni Abrahams officiates the handover of a Caterpillar excavator to Mbalelanga Trading Enterprise under the Business Infrastructure Support Programme in Buffalo City Metropolitan Municipality.
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    Leane Hendricks is proving that South Africans can also run successful spaza shop businesses by starting small and serving their communities. Phone: supplied

    Woman entrepreneur proves locals can crack it in spaza sector

    A spaza owner sits outside his supermarket in Kliptown, Soweto. Photo: Nhlanhla Phillips

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Buy Local Summit a great opportunity for small businesses

by Moipone Malefane
March 13, 2025
in Business, Top story
Reading Time: 3 mins read
A A
Happy Ngidi of Proudly South Africa. Picture: Supplied

Happy Ngidi of Proudly South Africa. Picture: Supplied

By Noko Mashilo

Scores of entrepreneurs are set to benefit from an event that unites industry leaders, entrepreneurs, policymakers and consumers to strengthen South Africa’s economy through local procurement.

Proudly South African, will host the 13th annual Buy Local Summit Expo on 17 and 18 March at the Sandton Convention Centre in Johannesburg.

Standard Bank is one of the sponsors and the summit will feature insightful discussions, networking opportunities and exhibitions showcasing top locally made products and services.

Attendees can expect expert panels, business matchmaking sessions and key insights on how supporting local industries drives economic growth and job creation.

As a crucial platform for championing locally manufactured goods, the event enables SMEs to grow, access markets and achieve sustainability.

Naledzani Mosomane, who heads up enterprise and supplier development at Standard Bank’s business commercial banking, emphasised the bank’s commitment to empowering entrepreneurs.

“The Buy Local Summit and Expo provides SMEs with opportunities to showcase their capabilities and establish strategic partnerships. Prioritising local procurement strengthens supply chains, stimulates economic activity, fosters innovation and creates jobs,” said Mosomane.

Through various enterprise supplier development programmes, Standard Bank engages SMEs by providing insights, tools and networking opportunities to foster sustainable growth.

“Local procurement strengthens South Africa’s economy, turning possibility into opportunity. Integrating SMEs into supply chains builds a robust, inclusive economy that can compete globally,” she added.

Proudly SA chief marketing officer Happy Makhumalo Ngidi highlighted the event’s role in helping SMEs scale operations and overcome challenges like limited access to finance and market linkages.

“These engagements demonstrate how localisation fosters economic stability, reducing reliance on imports and promoting self-sufficiency,” said Ngidi.

She added that localisation was a collective effort.

“Proudly SA is thrilled to partner with Standard Bank, ensuring we collectively boost the economy and alleviate unemployment.”

She also emphasised that supporting local businesses created a ripple effect of growth, job creation and industry development.

“The Buy Local Summit and Expo is more than just an event; it’s a movement that champions South African businesses and shifts mindsets towards local support,” Ngidi said.

She noted that increasing demand for locally produced goods strengthened industries like manufacturing, retail and agriculture.

“As SMEs navigate an evolving economic landscape, platforms like the summit remain crucial for positioning them for success. It fosters a culture of economic empowerment, where businesses collaborate, innovate, and drive sustainable growth,” Ngidi concluded.

*For more information and to REGISTER FOR FREE as a delegate or buyer,
visit: https://proudlysa.co.za/buy-local-summit/.

Noko@vutivibusiness.co.za

 

Tags: SMMEs and buy localSMMEs and Proudly SASMMEs and Standard Bank
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