Small businesses get over R10 million from Bidvest Bank

Bidvest Bank has invested over R10 million in five black-owned small, medium, and micro enterprises (SMMEs) across Gauteng, Limpopo, and KwaZulu-Natal. These businesses are all in the automotive sector and provide ongoing maintenance and repairs to the bank's fleet customers. The businesses have received grants aimed at promoting growth within the automotive sector, while preserving local employment opportunities and contributing to the transformation of the SA economy.

Hannah Sadiki said, "We are committed to promoting growth within the automotive sector and building sustainable SMME businesses. This initiative aligns with the Bank's procurement spend objectives and supports our transformation strategy. We're also proud that most of the supported businesses are women-owned."

Bidvest Bank's Enterprise Supplier Development programme demonstrates its commitment to encouraging economic growth, job creation, and empowerment within the automotive sector. By investing in SMMEs, the Bank continues to contribute positively to the SA economy while supporting the needs of its fleet customers.

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