Barloworld GroupLEADERS IN JOB CREATION & SUPPLIER DEVELOPMENT
About Barloworld Group
Founded in 2005, Siyakhula is the supplier and enterprise development arm of Barloworld Limited, responsible for promoting transformation, Broad-Based Black Economic Empowerment (BBBEE) and supplier diversity within the Group’s value chain. Siyakhula’s primary objective is to grow and develop entrepreneurs. ‘Siyakhula’, which means ‘we are growing’ in both isiZulu and isiXhosa, exists to help grow entrepreneurs and help them reach their full potential.
WHO WE ARE
Barloworld Siyakhula is responsible for promoting transformation, Broad-Based Black Economic Empowerment, and supplier diversity within the group’s value chain, creating opportunities for Small, Medium and Micro Enterprises (SMMEs). With an initial capital inlay of R20 million, Siyakhula, which is funded by 3% of each Barloworld Division’s net profit after tax (NPAT) has grown to provide support worth over R500 million to beneficiaries. With over 800 jobs created and/or sustained, Siyakhula’s main objective is to assist and foster entrepreneurial growth and development for eligible SMMEs in line with Barloworld’s business objectives. Siyakhula assists SMMEs with requested business resources ranging from asset acquisition, networking, training, financial aid to giving businesses a greater chance of success and thereby contributing towards the growth of South Africa’s economy by aiding the building of thriving businesses which can flourish in the marketplace.
PRODUCTS & SERVICES
Barloworld, an industrial processing, distribution, and services company with two primary areas of focus: Industrial Equipment & Services and Consumer Industries is Siyakhula’s parent company and core driving force.
Barloworld provides Industrial Equipment and related services, offers earthmoving equipment, industrial services, and power systems, which enable the operation and maintenance of a large array of mining, construction, and power solutions. Through the Consumer Industries business, Ingrain, Barloworld provides large enterprises with the ingredients essential to the manufacturing of a range of products including food and beverages, paper, pharmaceuticals, building materials and adhesives, amongst others.
Barloworld has a proven track record of long-term relationships with global principals and customers. Barloworld has an ability to develop and grow businesses in multiple geographies including challenging territories with high growth prospect. As an organisation Barloworld is committed to sustainable development and playing a leading role in empowerment and transformation. The Company was founded in 1902 and currently has operations in 16 countries around the world.
Barloworld’s purpose is to inspire a world of difference, enabling growth and progress in society, which is precisely where Siyakhula fits. At Barloworld Siyakhula, we are passionate about advancing the lives of the communities in which we operate and live, hence our emphasis on assisting all eligible SMMEs.
WHAT WE DO
Barloworld Siyakhula is passionate about nurturing leadership and assisting in creating an inclusive and truly transformed South Africa. With this in view Siyakhula is committed to empowering previously disadvantaged entrepreneurs through capacity building and skills development. Barloworld Siyakhula also creates a collaborative ecosystem in which entrepreneurs can share ideas, network, and learn from one another. We also provide funding for the resources needed for SMMEs to grow and scale so that they can better serve their communities.