SA’s MTN introduces new ESD programme, to up SMME procurement spend by $209m
- MTN South Africa launched Xlerator, an ESD programme, to increase procurement spend by ZAR4 billion with 51% black-owned SMMEs.
- Xlerator aims to double the number of SMMEs on MTN's supplier database and provide support through business strategy development, skills development, and improved funding access.
- Payabill, a South African SME financing startup, has been chosen as one of the finance partners for the Xlerator programme.
The launch of MTN South Africa's Xlerator programme demonstrates their commitment to progress, innovation, and empowerment. By increasing procurement spend with black-owned SMMEs and providing support for their growth, MTN is contributing to the development of a more inclusive and connected business ecosystem in South Africa.
