Johannesburg, South Africa – Sasol-supported small, medium and micro-sized enterprises (SMMEs) will get the opportunity to gain practical insights into how they grow their businesses. This is at the Business Day TV SME Summit, taking place this week.

The aim of the summit, of which Sasol is a corporate sponsor, is to expose SMMEs to smart tools and strategies that they can adopt to realise measureable returns on investment.

“Sasol understands that as a corporate, we serve a higher purpose than just running our business profitably,” said Justice Magagula, Vice President for Social Investment at Sasol.

“We are aware of the vital role a growing small, medium and micro-sized enterprise (SMME) sector plays in broadening economic participation and delivering on our country's economic development objectives, which include job creation. This is why enterprise and supplier development is such a key focus for us.”

Among the Sasol-supported SMMEs that will be at the summit are: Peneul Nathi, a specialist in underground ventilation control, construction, stone dust/water sampling in the mining industry; and Ngxabazi Incorporated Attorneys, experts in helping to bridge the gap between legal, business and policy affairs.

Others are: Precious Ties, a cleaning services company that focuses on commercial, retail and industrial buildings; Anchor Pallets, which manufactures pallets; and Extreme Thoughts, a landscaping and consumable supply company.

For decades, Sasol has and continues to play a pivotal role in the development and sustainability of new and existing businesses and industries. This is through the company’s adopted targeted multi-pronged approach to supporting existing and potential SMME suppliers, which comprises financial and non-financial solutions.

“Our aim is to diversify our supplier pool, enable access to market opportunities within our value chain and those of other large corporations, and to enhance community development thereby contributing more meaningfully to the development of thriving local economies within and outside our host regions,” said Magagula.