Standard Bank proudly announces the launch of the inaugural Supplier Development Summit and Recognition Awards, set to take place on November 29, 2023, in Johannesburg.

Embodying the theme “Rise Above the Noise,” the summit will tackle the challenges faced by SMEs in a competitive marketplace with the aim to guide enterprises towards success.

The summit will provide SMEs with valuable insights, networking opportunities, and access to resources that will enable them to overcome obstacles and capitalize on opportunities. Industry leaders will share knowledge to enable SMEs to navigate the business landscape with innovation and resilience.

The Summit is geared towards SMEs with a turnover of up to R50 million.

Kholofelo Shaai, Head Supplier Development Standard Banks South Africa, says “Supplier development encourages businesses to cultivate long-term relationships with their suppliers, empowering them to grow and succeed. For us, it is important to champion supplier development by focusing on strategic levers to uplift small and medium-sized enterprises”

The Recognition Awards, a highlight of the summit, will celebrate extraordinary SMEs, disruptors, change makers, and leaders who excel in the Standard Bank Supplier Development program. The awards will be presented in five categories:

Innovation: Acknowledging SMEs that have demonstrated exceptional creativity, originality, and forward-thinking in their businesses, including technological innovations.

Growth: Recognizing SMEs that have effectively scaled their operations, expanded market reach, and achieved financial success.

Social and Environmental Impact: Celebrating SMEs making a positive difference in local communities, going beyond commercial success to create tangible social benefits.

Digital Transformation: Acknowledging SMEs leveraging digital technologies to enhance business operations and drive efficiency and innovation.

Resilience: Recognizing SMEs that have adapted to changing circumstances, continuing operations despite setbacks like COVID-19, load shedding, or unfavourable economic conditions.

Date: November 29, 2023

Time: 07:30 – 18:00

Venue: Johannesburg

Format: Hybrid (in-person and online)

For more information and to register for the event, please contact Jade Searle on