Property Point creates ZAR1 billion procurement opportunities for SMEs

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Property Point, the Growthpoint Properties initiative, has officially facilitated more than R1bn successful procurement opportunities for small businesses operating in South Africa’s property sector.

Over the past 10 years, it has facilitated market opportunities worth ZAR1.14bn for the 168 SMEs that have taken part in its two-year enterprise and supplier development programmes. It has also created more than 2 405 full-time jobs.

“Property Point has cemented a decade-long track record of meaningful impact developing sustainable small businesses by enabling access to more than R1bn in market opportunities. This is a massive achievement and one that we are incredibly proud of. Significant impacts like this are only possible by working together with the sector and its stakeholders,” says Shawn Theunissen, Growthpoint Properties Head of Corporate Social Responsibility and Property Point Founder.

“Growthpoint’s genuine commitment to transformation has been actively fostered through Property Point over the past decade. Property Point has created a bridge between the property industry and small black business that facilitates real access, opportunities and wealth. This creates jobs and makes a positive contribution to the economy. We are very pleased with its success and the positive impacts we have be able to make through Property Point,” Estienne de Klerk, Growthpoint Properties South Africa CEO.

“The commitment of our partners and the extraordinary passion and persistence of the amazing Property Point entrepreneurs is changing the small business landscape in South Africa’s property sector,” says Theunissen.

Besides its enterprise and supplier incubation for the property sector, Property Point also leverages its resources to boost entrepreneurs across all sectors of the economy. So far 3,700 entrepreneurs have attended Property Point’s various seminars and workshops, including its popular monthly Entrepreneurship To The Point sessions.

“We are excited to build on this success and expand our impacts on small enterprise development, job creation, economic growth and a more inclusive economy for South Africa,” concludes Theunissen.

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Zweli Sikhakhane is a Web Developer, Digital Marketing Manager and Contributor at BizNis Africa. Sikhakhane began his Digital career at AVATAR Agency, them moved to Maverick Minds, a digital agency based in Johannesburg CBD. Sikhakhane moved to Red Quarter, a digital marketing and events agency Sikhakhane is a highly motivated and enthusiastic professional and a team player who would like to grow grow in the digital industry.

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