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Speaker 1: Eight minutes after nine ote Lock Dumilang, welcome to you

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Speaker 1: the Clement Mania Tella Show on this Tuesday, this eventeenth

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Speaker 1: day of March. It's great too heavy with us here

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Speaker 1: on seven zero two. I trust you good this morning today,

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Speaker 1: we're live from the Sentin Convention Center where the fourteenth

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Speaker 1: edition of the By Local Summit and Expo is taking place,

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Speaker 1: brought to you by proudly South African loved here, made here.

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Speaker 1: So this is basically a summit that shines the spotlight

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Speaker 1: on sectors that carry an impact on the economy and

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Speaker 1: job creation. There are so many homegrown brands here that

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Speaker 1: are showcasing their craft throughout today and tomorrow. Their manufacturers here,

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Speaker 1: their producers, their buyers, enterprise development agencies, government representatives, policymakers,

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Speaker 1: consumers as well, you name it, and all of them

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Speaker 1: are here to have a conversation about how we can

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Speaker 1: improve just the appreciation we have on homegrown products. By

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Speaker 1: the way, how intentional are you about buying local? Like,

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Speaker 1: do you have a favorite local brand? Because it's not

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Speaker 1: just clothing brands. Hey, there are a number of local

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Speaker 1: brands that are pretty much good and I wonder which

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Speaker 1: ones you have tried out which ones you appreciate a lot.

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Speaker 1: Give us a call police on one one eight eight

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Speaker 1: three oh seven o two. Are you that type of

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Speaker 1: a person who's quite intentional about buying local? Send your

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Speaker 1: whatsaps on oh seven two seven oh two one seven

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Speaker 1: o two. And of course, localization plays quite a significant

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Speaker 1: role as a driver of economic reconstruction and recovery, especially

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Speaker 1: after the disruptions we have seen through the world's supply

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Speaker 1: chain because of a number of global shocks, they a

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Speaker 1: number of global dynamics. It's probably important now more than

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Speaker 1: ever for businesses and consumers in South Africa support local

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Speaker 1: businesses and buy local. So how deliberate are you about

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Speaker 1: buying local? I have become more aware. I'm more conscious

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Speaker 1: about it. Sometimes I intentionally ask if there are local

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Speaker 1: brands that I can go for if I'm looking for

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Speaker 1: something and I want to know how you interact with

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Speaker 1: local brands. So give me a call or send me

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Speaker 1: a what's a voice note? So there's something confusing coming

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Speaker 1: out of President Trump's administration. The President of the US

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Speaker 1: seems to be calling on NATO partners to help with

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Speaker 1: the Strait of Homus, which is essentially at a standstill.

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Speaker 1: So he is frustrated, frustrated with these American allies. And

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Speaker 1: maybe let me give some context first. Remember two weeks

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Speaker 1: ago I said on the show that in my view,

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Speaker 1: it runs strategy seems to be to internationalize the war,

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Speaker 1: to increase the collective price of the conflict, so that

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Speaker 1: this becomes a war against the entire global economy. And

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Speaker 1: I think the idea is to have as many countries

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Speaker 1: as possible affected so that they can put pressure on

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Speaker 1: the US to end this war, which is why you

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Speaker 1: saw them targeting other Gulf countries, disrupting travel, affecting energy infrastructure,

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Speaker 1: et cetera. Now, the world's most critical oil shipping route,

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Speaker 1: the Strait of Homos, has been effectively closed.

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Speaker 2: It's a thirty between thirty and.

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Speaker 1: Thirty three kilometer area, but my goodness, it holds enough

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Speaker 1: power to shake the entire world. And the entire world

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Speaker 1: is shaking because it handles about a cutter of the

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Speaker 1: world's seaborne oil trade and about a fifth of the

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Speaker 1: world's supply of LNG that's the liquefied natural gas. So

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Speaker 1: this war has effectively paralyzed it. Almost no ships are

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Speaker 1: entering or exiting the strait. There were tags on some

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Speaker 1: chips that tried, which means higher oil and gas prices,

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Speaker 1: which will only push up inflation. And America itself is

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Speaker 1: not shielded from the impact, even though I mean they

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Speaker 1: don't really heavily rely on that Strait of Homos for

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Speaker 1: energy security, but because of how oil is prized, they

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Speaker 1: are affected. I mean, we are working here with a

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Speaker 1: global pricing system. So Trump is now frustrated with American

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Speaker 1: allies because it feels they should play a role in

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Speaker 1: helping reopen the waterway, in fact, to stave off a

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Speaker 1: potential energy crisis. I don't know if you remember, about

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Speaker 1: a week or so ago, President Trump said that the

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Speaker 1: US Navy could escort the ships through that waterway and

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Speaker 1: ensure them at a very reasonable price. But that offer

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Speaker 1: wasn't really taken up. Hey, so now he's trying to

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Speaker 1: get NATO allies to help. He wants them to send

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Speaker 1: warships to escort tankers or help reopen the Strait of Homus,

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Speaker 1: which is also a dangerous mission according to military experts.

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Speaker 2: Listen to what he said.

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Speaker 3: Yes, the numerous countries have held me there on the way.

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Speaker 3: Some are very enthusiastic about it, and some are in

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Speaker 3: summer countries that we've helped for many, many years. We've

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Speaker 3: protected them from horrible outside sources, and they weren't that enthusiastic.

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Speaker 2: I just want the fake.

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Speaker 3: News media and everybody else to remember that that was said,

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Speaker 3: because when I've been a big critic of all of

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Speaker 3: the protecting of countries, because I know that we'll protect

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Speaker 3: them and if ever needed, if we haven't needed help,

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Speaker 3: they won't be there for us.

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Speaker 2: That's what he said.

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Speaker 1: But was this not the same man who said America

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Speaker 1: doesn't need anybody.

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Speaker 2: I don't do a hard.

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Speaker 3: Sell on them because mytud is we don't need anybody.

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Speaker 3: We're the strongest nation in the world. We have the

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Speaker 3: strongest military by far in the world. We don't need them, but.

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Speaker 2: We don't anybody. That's what Trump is saying.

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Speaker 1: And yet there've been requests that have gone to other

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Speaker 1: European countries, even the UK. That's why the UK had

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Speaker 1: to fold at some point and say, okay, fine, we're

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Speaker 1: not joining the war, but we're going to come in

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Speaker 1: and assist with the Strait of Homers. So my questions

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Speaker 1: why is he now putting pressure on European allies to

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Speaker 1: come and help with the Strait of Homos. Why is

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Speaker 1: he punishing countries that don't want anything to do with

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Speaker 1: this war that this administration in Israel started. President Trump

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Speaker 1: didn't even bother to consult or talk to these European

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Speaker 1: partners before he bombed Iran. That's why Spain said, don't

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Speaker 1: involve US. Australia also said uneasy, so did Poland, Greece, Sweden.

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Speaker 1: Even Jeminy said this war is not a matter of NATO.

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Speaker 1: And I think this is the first time that Trump

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Speaker 1: is so eager to involve other countries in this war.

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Speaker 1: But isn't this the same president who pushes for unilateralism.

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Speaker 1: Is this an admission now from him that unilateralism doesn't work.

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Speaker 1: I'm confused by the way Trump said European countries will

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Speaker 1: face a very bad future if they don't help reopen

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Speaker 1: the Strait of Homos. And I think he may be

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Speaker 1: correct about that. I mean, that's why the UK said

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Speaker 1: to ensure the stability in the markets, they're working on

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Speaker 1: a collective plan. And I think he's got a point

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Speaker 1: because Europe knows that this will be in their interest

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Speaker 1: for the Strait of Homos to be reopened. I mean,

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Speaker 1: the price of energy they are feeling it the economic ramifications,

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Speaker 1: but they're not happy with how Trump has addressed their alliance.

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Speaker 1: They were also never part of the process in the

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Speaker 1: run up to this war. What do you think is

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Speaker 1: at play here? Oh one one eighty eight three h

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Speaker 1: seven two? What's ups on?

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Speaker 4: Oh?

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Speaker 2: Seven two? Seven oh two one seven oh two?

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Speaker 1: Is this a moment where the US president actually realizes

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Speaker 1: that America can't just stand on its own in this

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Speaker 1: globalized world? At ten o'clock, we're going to be in

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Speaker 1: conversation with the how Trained see of zepor Hobe. How

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Speaker 1: Train is entering a new chapter. For more than a decade,

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Speaker 1: this high speed rail link connecting Johannesburg, Pretoria and aud

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Speaker 1: Tamwai International Airport has been operated through a public private

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Speaker 1: partnership between the how Time provincial government and the Bombella Consortia.

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Speaker 2: But that arrangement is changing.

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Speaker 1: As of the twenty eighth of March, the provincial government

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Speaker 1: will officially take over the how Train.

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Speaker 2: So who will run the network going forward?

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Speaker 1: And what does this mean for you as a commuter

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Speaker 1: for ticket prices and the future expansion of the rail

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Speaker 1: network across Howting. So that's part of the chat we're

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Speaker 1: going to have with the CEO of how Train at ten.

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Speaker 1: At eleven o'clock, we're going to do our world of

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Speaker 1: Work feature. Today, we're discussing why managers are quietly checking out.

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Speaker 1: Apparently managers are so stressed. Are you a manager listening

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Speaker 1: to us? According to the Gallop twenty twenty five State

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Speaker 1: of the Global Workplace Report, managers are more stressed, less supported,

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Speaker 1: and less engaged than ever before, with only a small

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Speaker 1: percentage truly thriving at work. I'd love to know what

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Speaker 1: your experience is as a manager when we start our

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Speaker 1: conversation at eleven o'clock, and then we're going to wrap

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Speaker 1: up the show at eleven thirty with our health and

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Speaker 1: wellness feature. Today we're discussing hearing health in adults. That's

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Speaker 1: the show coming up over the next three hours. Clement

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Speaker 1: Manya Tela streaming on the Prime Media Plus ad.

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Speaker 2: Dear CD channel eight five six ninety two point seven

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Speaker 2: and one six am.

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Speaker 1: Let's start with your voice notes on oh seven two

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Speaker 1: seven O two and seven O two.

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Speaker 4: I comment Localizleger There's nothing satisfying than support in a

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Speaker 4: local business, especially those ones that are intentional about their business.

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Speaker 2: I bought.

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Speaker 4: Our anniversary rings at No Diamonds. Oh my god, their service.

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Speaker 4: Oh they treat you like you are the only customer.

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Speaker 5: Yeah.

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Speaker 4: So, and they are very professional and I would even

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Speaker 4: if I wait to buy another ring, I would consider

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Speaker 4: them to list from not riding. Thanks by h Clemen,

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Speaker 4: Good Bunny Johnny from jama Son.

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Speaker 2: Okay, I'm very quescious about by local.

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Speaker 6: Uh ive been slept before the one left me ever

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Speaker 6: again because a lot of these products.

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Speaker 2: Are made in China.

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Speaker 6: And then Brandon Brendered made in South Africa by local

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Speaker 6: at ten times surprised.

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Speaker 2: No, I'm very careful, thank you.

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Speaker 7: Hello, clements and so to listeners. So I'm very intentional

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Speaker 7: fine South African brands, especially.

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Speaker 2: Cosmetics.

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Speaker 1: So I was using roy Boss.

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Speaker 8: And I changed to Pusshia and I heard about Pushia

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Speaker 8: Labor this show.

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Speaker 7: And the only reason I changed it was.

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Speaker 4: Because she's a young person, bland person, and I wanted

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Speaker 4: to give her a chance.

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Speaker 5: So she does facial products. Change her products, it's Pushia.

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Speaker 7: Thank you back.

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Speaker 1: Oh that's amazing, that's amazing. Please tell me more of

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Speaker 1: these stories. Are you deliberate? How intentional are you about

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Speaker 1: buying local? Do you have your favorite local brands, and

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Speaker 1: it's not just clothing brands, and I'm glad a lot

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Speaker 1: of you are diversifying that list. What are some of

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Speaker 1: your local favorite brands and how intentional are you about

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Speaker 1: supporting local keep your cause and what's up coming. Let's

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Speaker 1: go to some calls on OH one one eight, three

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Speaker 1: h seven or two. Renee, you're calling us from Kensington?

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Speaker 1: What are your thoughts? Good morning, Good morning, Clement. Thanks

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Speaker 1: for taking my call.

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Speaker 6: Clement. I am a bit much older than you, and

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Speaker 6: I just want to remind you of a lot of

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Speaker 6: things that you are not afae with. You need to

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Speaker 6: understand how Arabs, Iraqis and Iranians sink. Those people only

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Speaker 6: understand and respect things they do not respect weak men.

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Speaker 6: The world is full of weak men. You don't have

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Speaker 6: to go far. Let's start in our own country and

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Speaker 6: look at our own president. Look at Kiev Stammer, look

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Speaker 6: at most of the presidents of Europe. There are only

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Speaker 6: or I would say, real strong men in the world

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Speaker 6: who run countries. Trump put in the minister, the president

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Speaker 6: of Poland and North Korea, and of course using ping.

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Speaker 6: Iranians understand strengths. You need to show them strength and

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Speaker 6: that's the only time they will respect you and they

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Speaker 6: will fear you. Trump is not calling on these people

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Speaker 6: to come and help him with the war. He's saying,

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Speaker 6: you need to take responsibility for the oil that you

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Speaker 6: get from the Strait of Ormus. America only gets one

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Speaker 6: percent of the oil coming from the Strait of Ormus.

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Speaker 6: China takes ninety Russia as their own oil. Germany takes

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Speaker 6: eighty five percent, including gas, et cetera. India takes oil

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Speaker 6: from the Strait of a muse. India sent two warships

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Speaker 6: to cover their ships. Fortunately they made a deal with Iran.

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Speaker 6: Trump is not asking them for help. He's saying to them,

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Speaker 6: you need to take responsibility for what you want. They

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Speaker 6: exactly was Lloyd's of London when they decided a company

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Speaker 6: that has been running a monopoly for over three hundred years.

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Speaker 6: Trump put an end to that in one day by

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Speaker 6: covering ships within four insurance in nineteen seventy nine. I

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Speaker 6: just want to remind you about something. Nineteen seventy nine,

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Speaker 6: Jimmy Carter was the President of America. When the when,

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Speaker 6: the when the when these people took over from the

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Speaker 6: show of Iran, when they toppled the government and they

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Speaker 6: became the regime. Jimmy Carter was a soft man like

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Speaker 6: rama Posa. They held the diplomat's hostage for four hundred

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Speaker 6: and forty four days in Iran. What did Ronald Reagan do?

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Speaker 6: He was on a campaign and he said, if I

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Speaker 6: become president, I'm going to show Iran what what what

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Speaker 6: what's what needs to be done? And that's exactly what

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Speaker 6: happened this very minute that he was sawn in as president,

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Speaker 6: Iran released those hostigenes. So Alb, they don't want to

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Speaker 6: take responsibility, and that's all compet media need them. He

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Speaker 6: wants seem to take responsibility. Clement, that's all.

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Speaker 1: I want to Well, yes, okay, thank you for your comments, Renee.

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Speaker 1: I've got a few responses to some of the things

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Speaker 1: you've said. First of all, of course, Trump in America,

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Speaker 1: they don't rely heavily on the Strait of Homers for

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Speaker 1: their energy security, but because of how the oil is

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Speaker 1: priced internationally, they will get affected regardless because this is

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Speaker 1: a global pricing system, which is why in America right

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Speaker 1: now they're also feeling the pinch. So if really they're

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Speaker 1: just getting one percent and they're not affected the prices

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Speaker 1: of energy would not be skyrocketing in America even right now.

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Speaker 1: So this is also in the interest of Trump. This

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Speaker 1: is not Trump just calling on the European partners to

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Speaker 1: say do what you should because you're so affected. He

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Speaker 1: as America. They're also affected China and India. India imports

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Speaker 1: about eighty percent of its oil, and sixty percent of

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Speaker 1: that comes from the Middle East countries. China doesn't import

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Speaker 1: eighty percent of its oil from the Middle East countries.

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Speaker 1: In fact, yes, even though it's the world's largest oil import,

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Speaker 1: it brings in about ten million or so bottles of

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Speaker 1: oil every day, So forty percent of China's oil imports

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Speaker 1: actually passed through that waterway, so it's not really the

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Speaker 1: eighty percent. My surprise from Trump is what is he

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Speaker 1: doing to protect that waterway so that Americans are not

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Speaker 1: filling the pinch. All he has done last week was

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Speaker 1: two weeks ago was Okay, we're going to get the

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Speaker 1: American Navy to escort some ships. There are companies and

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Speaker 1: even countries that already pay for insurance for ships to

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Speaker 1: be escorted through even that waterway or other parts in

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Speaker 1: fact of the seas when they transport these goods and products.

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Speaker 1: Why is Trump himself not taking an initiative so that

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Speaker 1: he protects Americans from the prices of energy that are skyrocketing.

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Speaker 1: Why did he call the UK and say, hey, help

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Speaker 1: us out here. Why don't you come through and bringing

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Speaker 1: your guys to help reopen.

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Speaker 2: The strait of Homus.

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Speaker 1: That sounds to me like someone who is trying to say,

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Speaker 1: let's all work together here. But why do you need

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Speaker 1: to work together with the very same people you said

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Speaker 1: you don't need? Is where my confusion comes from.

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Speaker 6: Renee, I'm I'm respond responding to you. The UK has

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Speaker 6: been ants for eighty years, Kirs Summer.

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Speaker 2: He's not of your man.

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Speaker 6: He's not gonna he's not going to take responsibility. You

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Speaker 6: must also remember that when Trump came into power, the

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Speaker 6: oil price in America dropped from six dollars to two dollars.

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Speaker 6: The price of eggs, food stuff, everything went down considerably.

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Speaker 6: We only get one third, not even a third, of

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Speaker 6: the world's oil from the Strait of Urmus. And yes,

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Speaker 6: Clement China does get far more oil from the Strait

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Speaker 6: of The other oil came from Venezuela. And remember Trump

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Speaker 6: put an end to that as well. So the other

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Speaker 6: people need to be man enough to stand up. That's

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Speaker 6: all they need to do. They need to man up. Simple.

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Speaker 1: Thanks all right, Renee, so thank you so much for

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Speaker 1: your contribution. Renee in Kensington. Michael, you are calling us

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Speaker 1: from Kazarin. Good morning. What do you want to say

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Speaker 1: about local economies?

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Speaker 9: Hello?

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Speaker 2: Hi, Michael, go ahead.

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Speaker 9: Are you speaking to me.

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Speaker 2: Michael in Cazin. Yes, I am speaking to you.

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Speaker 9: Go ahead, Hi morning with clemen. I'm a great great

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Speaker 9: adma your program. There's two things.

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Speaker 2: Thank you you.

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Speaker 6: You've got a platform.

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Speaker 9: We'll be saying local, buy local, the local economy. And

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Speaker 9: then let me talk about two sectors. I'm talking about

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Speaker 9: the clothing. I'm going to talk about put it in

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Speaker 9: case your and they are bleeding jobs. I I wish

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Speaker 9: and hope that you've got those in authority that can

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Speaker 9: exist the issues that is appening Casident, not specifically in

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Speaker 9: Casident as a country at all. There's companies that are

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Speaker 9: in Durbin that are bleeding jobs. People are sitting at

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Speaker 9: home for months on ends, cannot get income, They cannot

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Speaker 9: get their benefits from the companies because there's so much

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Speaker 9: of uncertainty. The companies have never been giving these workers.

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Speaker 9: They unemployment casts where they can go sign for unemployment.

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Speaker 9: They're asking companies are asking for business rescue. When they're

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Speaker 9: getting the business rescue, they don't we don't know what

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Speaker 9: they're doing with the money. Mmmmmm and and and and

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Speaker 9: and it's a sad state of affair.

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Speaker 6: It is the absolutely sad state of affair.

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Speaker 2: I'll put it.

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Speaker 1: I've put it to some of them, Michael, that I'll

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Speaker 1: be I'll be chatting to you because of course, when

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Speaker 1: you buy local, what you are helping with is protecting

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Speaker 1: those local jobs that you're talking about. Thank you so much,

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Speaker 1: Michael in Kazila, Natal for your thoughts. Jeremiah, you are

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Speaker 1: in Poksburg.

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Speaker 2: Good morning, morning, Clement.

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Speaker 10: How are you.

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Speaker 2: I'm all right, man, go ahead.

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Speaker 10: Thank you so much. No, Clement, I was just listening

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Speaker 10: to your previous color And I think people are confusing

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Speaker 10: strength and you know, and I mean looking at this

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Speaker 10: war and as I grow up, I kind of like

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Speaker 10: start to appreciate countries such as China, Russia as well

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Speaker 10: as North Korea. I mean we know that US as

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Speaker 10: well as it's West than Alice. You know, they've been

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Speaker 10: very abused, you know, the military and some of somehow

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Speaker 10: I just kind of like wonder what will have happened

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Speaker 10: if China, Russia as well as not North Korea. I

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Speaker 10: mean to say, where to use military, the military like

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Speaker 10: you know US as well as Western it's Western allies.

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Speaker 10: I don't think that will have the world that we

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Speaker 10: are living in. So for me, I don't think what

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Speaker 10: yous do is doing is strength, and I think people

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Speaker 10: are confusing that.

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Speaker 1: Yeah, I mean that that is not strength, Like we

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Speaker 1: kind of use the principle of power is might in

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Speaker 1: a world that we want to see become more peaceful.

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Speaker 1: We don't want to go back to what happened after

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Speaker 1: World War One and even World War II. That's why

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Speaker 1: we have these multilateral organizations. It's so that we don't

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Speaker 1: go back there. So for leaders who are going to

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Speaker 1: come up and don't care about the rules based international,

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Speaker 1: the international rules based order, I don't know how we

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Speaker 1: celebrate that as like some people with some gumption, I

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Speaker 1: don't think that's the right way to to look at it.

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Speaker 1: But also there are many other countries that would have

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Speaker 1: loved to have nuclear weapons, for instance, and they were

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Speaker 1: told drop that, and what happens when they stopped They

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Speaker 1: were invaded. There are a number of them who would

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Speaker 1: have loved to be just as powerful as North Korea.

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Speaker 1: And that's the challenge with Iran. Iran knows that if

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Speaker 1: we stop even ourselves in making sure that militarily we

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Speaker 1: are powerful and we can defend ourselves, we are going

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Speaker 1: to follow the pathway of the other countries, whether it's Syria,

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Speaker 1: whether it's Libya, whether it's Iraq, whether it's Afghanistan, and

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Speaker 1: a number of them, and they probably just don't want

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Speaker 1: to follow through that path. What are your thoughts on

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Speaker 1: what that listener has raised. Do you agree that the

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Speaker 1: world needs these strong men and Donald Trump is a

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Speaker 1: representation of those men who are strong. I've said this

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Speaker 1: before even Trump was elected. I said, say what you

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Speaker 1: will about this man. One thing about him is he

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Speaker 1: gets to be decisive. Even when he's doing something that

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Speaker 1: is illegal that you may disagree with. He's a decisive

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Speaker 1: man who's going to do it anyway. Will there be consequences,

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Speaker 1: I haven't seen any. Maybe when it comes to the voting.

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Speaker 1: The Americans are going for Midtems soon, so maybe that's

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Speaker 1: where the consequences are going to come up.

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Speaker 5: Few days of bold ideas, powerful conversations and proudly Local

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Speaker 5: Innovation the fourteenth By Local Summitt and Expo Live on

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Speaker 5: seven o two.

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Speaker 1: It's twelve minutes before ten o'clock. This is the seven

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Speaker 1: or two open line. We're live at the Sentence Convention

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Speaker 1: Center where the fourteenth edition of the By Local Summit

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Speaker 1: and Expo is taking place. This is really a summit

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Speaker 1: that shines the spotlight on the sectors that carry an

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Speaker 1: impact on our economy, on job creation as well. Joining

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Speaker 1: me now in our makeshift studio is Happy Makuma Longhiiti,

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Speaker 1: who is the Chief Marketing and Communications Officer at Proudly

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Speaker 1: South Africa.

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Speaker 2: Happy, great to chat to you.

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Speaker 7: Good morning, good morning, good morning to you and the listeners.

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Speaker 1: So this is the fourteenth year of the by Local Summit.

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Speaker 1: What has the summit been able to achieve so far?

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Speaker 7: The Summit has been able to achieve great progress and

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Speaker 7: great strides in the lives of local businesses founders of

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Speaker 7: great products in South Africa. The growth is commendable, The

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Speaker 7: growth is evident and it has opened a lot of

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Speaker 7: doors for small businesses. For ISABMSE in South Africa. It

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Speaker 7: has done great linkages between small businesses and big businesses

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Speaker 7: through the business matchmaking program we have where big business

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Speaker 7: is requested to come not only what the flaws, but

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Speaker 7: really engage and and also buy trade with the small

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Speaker 7: businesses that are in the room.

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Speaker 2: Yeah, what way are we trying to take it next?

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Speaker 1: I've been asking the listeners this morning how intentional they

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Speaker 1: are about buying local. And one of the things we

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Speaker 1: spoke about is how when you look at even the

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Speaker 1: global supply chain has been disrupted because of the global dynamics,

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Speaker 1: and even more importantly, now you've got an opportunity to

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Speaker 1: really support small businesses and local.

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Speaker 7: Businesses and and keep our pay attention to localization. Localization

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Speaker 7: is going to be a saving grace. In fact, it

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Speaker 7: reminds me of the COVID era, where you know, we

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Speaker 7: in the in the in the absence of imports and exports,

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Speaker 7: we were still okay as a people, you know, in

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Speaker 7: terms of things that we critically needed to be able

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Speaker 7: to survive. And so what we are hoping to do

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Speaker 7: with the growth of the Summit and Export is to

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Speaker 7: take it to a space where you know, we can

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Speaker 7: heavily rely on locally manufactured products whatever happens in the world,

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Speaker 7: because we don't know what tomorrow has in store for

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Speaker 7: us as an economy, and so we're hoping to take

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Speaker 7: it to a place where we can be you know, confident,

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Speaker 7: and we can survive with what we can manufacture locally

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Speaker 7: a South Africa.

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Speaker 1: Yeah, can you maybe explain to some of our listeners

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Speaker 1: we may not be aware of the impact of supporting

437
00:26:28,240 --> 00:26:33,480
Speaker 1: locally produced goods over important ones, how significant is it,

438
00:26:33,560 --> 00:26:36,200
Speaker 1: because you know people, some people think it's a matter

439
00:26:36,280 --> 00:26:38,840
Speaker 1: of just showing support for the local businesses, but actually

440
00:26:39,160 --> 00:26:41,880
Speaker 1: you're feeding homes. There are many jobs that get created,

441
00:26:41,920 --> 00:26:43,280
Speaker 1: and our economy.

442
00:26:42,800 --> 00:26:48,040
Speaker 7: Grows many many jobs. And you're right, some people think,

443
00:26:48,359 --> 00:26:52,280
Speaker 7: you know a has shame, let's support locally produced products.

444
00:26:52,280 --> 00:26:55,480
Speaker 7: It's not an as shame situation. It's a situation where

445
00:26:55,520 --> 00:26:59,639
Speaker 7: we are incredibly proud to showcase what it is we

446
00:26:59,640 --> 00:27:02,800
Speaker 7: do as a country and we can showcase this globally

447
00:27:02,840 --> 00:27:07,680
Speaker 7: without feeling apologetic about it. And also just to remind

448
00:27:08,280 --> 00:27:13,240
Speaker 7: listeners that when you and I make a conscious decision

449
00:27:13,920 --> 00:27:18,560
Speaker 7: to make our purchasing decision in favor of local products,

450
00:27:18,840 --> 00:27:23,400
Speaker 7: you are essentially assisting and helping in creating one more

451
00:27:23,480 --> 00:27:26,560
Speaker 7: job or sustaining the very jobs that we can afford

452
00:27:26,680 --> 00:27:30,560
Speaker 7: to lose. And contributing to the venue chain and to

453
00:27:30,600 --> 00:27:33,640
Speaker 7: the ecosystem of any industry that you may be supporting,

454
00:27:33,640 --> 00:27:37,840
Speaker 7: whether it's furnature, whether it's FMCG, whether it's a beverage industry,

455
00:27:37,880 --> 00:27:40,679
Speaker 7: whether it's automotive, whatever it is that is made that

456
00:27:40,800 --> 00:27:41,960
Speaker 7: is locally manufactured.

457
00:27:42,240 --> 00:27:42,600
Speaker 2: Yeaheah.

458
00:27:43,080 --> 00:27:45,560
Speaker 1: One of the things that you know, South Africans often

459
00:27:45,640 --> 00:27:48,359
Speaker 1: raises that, yes, we want to support the local businesses,

460
00:27:48,400 --> 00:27:51,880
Speaker 1: but the price is often the deciding factor. So how

461
00:27:51,920 --> 00:27:55,239
Speaker 1: do you convince shoppers that buying local is worth it?

462
00:27:55,520 --> 00:27:58,120
Speaker 1: And I know there's an argument about someone is really

463
00:27:58,119 --> 00:28:01,800
Speaker 1: willing to go pay twenty and for a bag you know,

464
00:28:01,960 --> 00:28:05,760
Speaker 1: manufactured in America in Europe, but when you are here

465
00:28:05,800 --> 00:28:07,439
Speaker 1: you want to complain about a bag that is ten

466
00:28:07,520 --> 00:28:08,120
Speaker 1: thousand rands.

467
00:28:08,200 --> 00:28:09,760
Speaker 2: Yes, that is equally good.

468
00:28:09,640 --> 00:28:13,320
Speaker 7: Absolutely, if not better, if not better. And so what

469
00:28:13,400 --> 00:28:16,000
Speaker 7: we do say is that we are reminding South Africans

470
00:28:16,040 --> 00:28:19,439
Speaker 7: that everybody has a choice. I mean, we've been as

471
00:28:19,560 --> 00:28:22,000
Speaker 7: somebody has been very ambitious in the past and they

472
00:28:22,040 --> 00:28:25,200
Speaker 7: asked us to ask Macrossa to change their business model

473
00:28:25,400 --> 00:28:27,399
Speaker 7: because they're too expensive. I was like, my brother, you

474
00:28:27,440 --> 00:28:28,639
Speaker 7: can't afford macros and.

475
00:28:28,640 --> 00:28:30,760
Speaker 2: It's okay, it's ok it's okay.

476
00:28:30,520 --> 00:28:33,200
Speaker 7: Not to afford Macross as somebody else will. But there's

477
00:28:33,280 --> 00:28:38,200
Speaker 7: other retail retailers that are that are selling clothing items

478
00:28:38,240 --> 00:28:41,280
Speaker 7: that you and I can afford. That the pie is

479
00:28:41,360 --> 00:28:44,720
Speaker 7: too big for us to find our comfort, our niche

480
00:28:45,000 --> 00:28:48,000
Speaker 7: and and it's all it's really the reality is that how.

481
00:28:47,880 --> 00:28:48,880
Speaker 2: Deep is your pocket?

482
00:28:49,360 --> 00:28:52,600
Speaker 7: You know, we can't having we're having discussions about it

483
00:28:52,640 --> 00:28:56,280
Speaker 7: is overly priced when you're okay to pay a Dodgy

484
00:28:56,320 --> 00:28:59,840
Speaker 7: in Gabanna fifty thousand rand for a shirt and nobody

485
00:28:59,880 --> 00:29:03,120
Speaker 7: can questions him. We don't even know that guy. I

486
00:29:03,160 --> 00:29:08,200
Speaker 7: guess we know David so.

487
00:29:08,440 --> 00:29:12,560
Speaker 1: But from your research at Proudly South African, your observation

488
00:29:13,400 --> 00:29:16,840
Speaker 1: has consumer behavior shifted in recent years? Are you seeing

489
00:29:16,880 --> 00:29:20,800
Speaker 1: more South Africans becoming conscious about supporting local businesses?

490
00:29:22,200 --> 00:29:24,280
Speaker 7: Clement Tad you asked me this question ten years ago,

491
00:29:24,280 --> 00:29:26,000
Speaker 7: I would have said, my brother, we have a problem.

492
00:29:26,560 --> 00:29:30,000
Speaker 7: And now I'm very happy. Pun intended to say that

493
00:29:30,080 --> 00:29:34,000
Speaker 7: we've come a long way. The mind shift change is evident.

494
00:29:34,480 --> 00:29:38,920
Speaker 7: There's the excitement about embracing locally manufactured products is palpable

495
00:29:39,000 --> 00:29:41,320
Speaker 7: in the country. You will still get that Auntie and

496
00:29:41,360 --> 00:29:43,680
Speaker 7: that uncle. It doesn't matter what you say to them.

497
00:29:43,720 --> 00:29:46,800
Speaker 7: Are there's always a problem. But in the main, South

498
00:29:46,840 --> 00:29:51,440
Speaker 7: Africans are really just warming up to embracing locally manufactured

499
00:29:51,440 --> 00:29:54,520
Speaker 7: products and the sales show it, and all the touch

500
00:29:54,560 --> 00:29:57,720
Speaker 7: points we use as proudly South African and that are

501
00:29:57,760 --> 00:30:00,640
Speaker 7: relatable that our lifestyle driven. This is why the one

502
00:30:00,720 --> 00:30:03,440
Speaker 7: day you see us at Sona to hold people accountable.

503
00:30:03,560 --> 00:30:05,640
Speaker 7: This is why the one day you see us around

504
00:30:05,680 --> 00:30:09,720
Speaker 7: the local fashioned police program on social media platforms. This

505
00:30:09,840 --> 00:30:11,280
Speaker 7: is why we are here. This is why we do

506
00:30:11,360 --> 00:30:14,240
Speaker 7: makelo and a festival, This is why we do food

507
00:30:14,720 --> 00:30:17,720
Speaker 7: trade shows and all of that to show South Africans

508
00:30:17,920 --> 00:30:20,600
Speaker 7: what we really mean when we say local is like it.

509
00:30:20,600 --> 00:30:23,280
Speaker 7: It's not a cliche, it's a lifestyle, it's a reality.

510
00:30:23,440 --> 00:30:23,640
Speaker 2: Yeah.

511
00:30:23,960 --> 00:30:26,640
Speaker 1: Just lastly, there's a question that keeps coming up. Then

512
00:30:26,680 --> 00:30:30,200
Speaker 1: I'll read one now it says high tolerment. Unfortunately, there

513
00:30:30,200 --> 00:30:33,280
Speaker 1: are so many companies that import from China and then

514
00:30:33,320 --> 00:30:37,200
Speaker 1: they pay for and slap on that proudly South African sticker.

515
00:30:37,240 --> 00:30:40,560
Speaker 1: I would like to know how stringent the criteria is

516
00:30:40,600 --> 00:30:44,280
Speaker 1: for granting of this and regulation thereof. I see this

517
00:30:44,400 --> 00:30:47,959
Speaker 1: happening far too often in the contract furniture industry.

518
00:30:48,400 --> 00:30:51,080
Speaker 2: That's a question we got from Ken and that.

519
00:30:51,400 --> 00:30:55,160
Speaker 7: The listener is on the money. We are aware that

520
00:30:55,200 --> 00:30:58,400
Speaker 7: there's people who do that. They just grab our logo

521
00:30:58,640 --> 00:31:01,880
Speaker 7: and the sticker from the int and they import stuff

522
00:31:01,920 --> 00:31:04,560
Speaker 7: and they put us stick on it that says made

523
00:31:04,640 --> 00:31:08,400
Speaker 7: in South Africa or proudly South African. Our sticker is

524
00:31:08,440 --> 00:31:12,160
Speaker 7: a trademark. We have a responsibility to play the police.

525
00:31:12,480 --> 00:31:15,160
Speaker 7: So what we do encourage people to do is that

526
00:31:15,160 --> 00:31:18,840
Speaker 7: when you come across that kind of a somebody being

527
00:31:18,920 --> 00:31:22,480
Speaker 7: naughty and doing that, tell on them. We will then

528
00:31:22,600 --> 00:31:24,680
Speaker 7: engage them. In fact, what we do we don't fight

529
00:31:24,840 --> 00:31:27,760
Speaker 7: people because at times people don't know they do it,

530
00:31:28,040 --> 00:31:30,960
Speaker 7: you know, because they don't know. At times people take chances.

531
00:31:30,960 --> 00:31:33,440
Speaker 7: They do know and they'll take a chance and we

532
00:31:34,520 --> 00:31:37,000
Speaker 7: engage them and we say come and join the movement.

533
00:31:37,320 --> 00:31:41,080
Speaker 7: This is the process to follow. We're very strict with criteria.

534
00:31:41,160 --> 00:31:43,520
Speaker 7: We look at local content, we look at quality, we

535
00:31:43,600 --> 00:31:46,920
Speaker 7: look at environmental standards and labor laws. Do you conform

536
00:31:47,000 --> 00:31:49,080
Speaker 7: to all of that then you are you know, then

537
00:31:49,080 --> 00:31:51,360
Speaker 7: you can join the campaign and you have card blunts

538
00:31:51,360 --> 00:31:53,680
Speaker 7: to use. Then the logo on your marketing material.

539
00:31:54,040 --> 00:31:58,480
Speaker 1: Yes see happy Makum, Chief Marketing and Communications of A

540
00:31:58,480 --> 00:32:00,000
Speaker 1: said proudly, so Al African, thank you so much for

541
00:32:00,160 --> 00:32:02,840
Speaker 1: thank you so much, my brother. It's fourteen minutes before

542
00:32:02,960 --> 00:32:04,360
Speaker 1: ten outlock community d C.

543
00:32:04,680 --> 00:32:08,000
Speaker 2: Stephen Ak. I sees it. I see your calls. I'll

544
00:32:08,000 --> 00:32:09,280
Speaker 2: come to them the climent.

545
00:32:09,400 --> 00:32:12,720
Speaker 5: My cann Tella show is live from the Santon Convention

546
00:32:12,920 --> 00:32:16,760
Speaker 5: Center for the BY Local Summit and Expo hosted by

547
00:32:16,880 --> 00:32:20,480
Speaker 5: Broadly South African on seven o two.

548
00:32:21,280 --> 00:32:24,600
Speaker 1: It's eleven minutes before ten o'clock. This is still the

549
00:32:24,640 --> 00:32:27,640
Speaker 1: seven o two open line before we get to our

550
00:32:27,680 --> 00:32:30,800
Speaker 1: next interview from where we're broadcasting live from at the

551
00:32:30,840 --> 00:32:34,560
Speaker 1: Sentin Convention Center at the fourteenth edition of the BY

552
00:32:34,720 --> 00:32:38,480
Speaker 1: Local Summit and expot. Let me go to some calls here.

553
00:32:38,560 --> 00:32:41,120
Speaker 1: I've got AK who's calling us from tim Visa. Ak,

554
00:32:41,240 --> 00:32:43,360
Speaker 1: what are your thoughts? Good morning Mary.

555
00:32:46,080 --> 00:32:48,600
Speaker 11: I'm really surprised by this world.

556
00:32:49,840 --> 00:32:50,280
Speaker 2: Whatever.

557
00:32:51,000 --> 00:32:55,080
Speaker 11: When Iran was pomers not so Lomaku, when the two

558
00:32:55,280 --> 00:32:59,920
Speaker 11: children you all will went quite basically. But now Iran

559
00:33:00,520 --> 00:33:04,280
Speaker 11: I juted this strategy that that has depended in sence

560
00:33:05,040 --> 00:33:10,200
Speaker 11: that and let you defend yourself to two whatever. I'm

561
00:33:10,200 --> 00:33:10,960
Speaker 11: really surprised.

562
00:33:11,000 --> 00:33:11,520
Speaker 9: It's all a one.

563
00:33:11,640 --> 00:33:15,720
Speaker 11: I'm really surprised, and I really don't think Iran in

564
00:33:15,720 --> 00:33:17,240
Speaker 11: this case it's on their own.

565
00:33:19,200 --> 00:33:19,400
Speaker 2: Yeah.

566
00:33:19,440 --> 00:33:22,920
Speaker 1: And of course, AKA, this is such a complicated war.

567
00:33:23,080 --> 00:33:26,080
Speaker 1: You know, it's not just starting now, which is why

568
00:33:26,120 --> 00:33:28,200
Speaker 1: we've been saying. Even the war in the Middle East,

569
00:33:28,440 --> 00:33:31,800
Speaker 1: the war on Gaza, where now seventy thousand people have

570
00:33:31,880 --> 00:33:35,320
Speaker 1: been killed, many of them of course innocent people. They

571
00:33:35,360 --> 00:33:38,120
Speaker 1: didn't just start on October seven or after October seven.

572
00:33:38,920 --> 00:33:40,160
Speaker 2: There have been waves of war.

573
00:33:40,200 --> 00:33:44,400
Speaker 1: And even in this case, there are proxies that Iran supports,

574
00:33:44,440 --> 00:33:49,840
Speaker 1: and Iran is admitted to supporting that have attacked Israeli

575
00:33:49,880 --> 00:33:53,480
Speaker 1: citizens in the past, and this Iran will say to you,

576
00:33:53,680 --> 00:33:57,040
Speaker 1: this is an opportunity for us to revenge. But currently

577
00:33:57,080 --> 00:34:00,800
Speaker 1: as we speak, you're right, Iran didn't shoe and fire

578
00:34:00,840 --> 00:34:04,640
Speaker 1: out a missile. It was America and Israel that fired

579
00:34:04,640 --> 00:34:07,960
Speaker 1: the missile a Iran first. And there are one hundred

580
00:34:08,000 --> 00:34:12,080
Speaker 1: and sixty eight school girls, over one hundred and sixty

581
00:34:12,600 --> 00:34:15,719
Speaker 1: young school girls who died, and we are moving swiftly

582
00:34:15,760 --> 00:34:20,080
Speaker 1: along because America and Israel have done it. And I

583
00:34:20,080 --> 00:34:23,120
Speaker 1: think history is going to judge this world for that

584
00:34:24,200 --> 00:34:25,600
Speaker 1: let you see you're in Lindterest.

585
00:34:25,680 --> 00:34:29,600
Speaker 6: What do you think, hi, hi, Lement, just a quick

586
00:34:29,640 --> 00:34:32,840
Speaker 6: one on the strait of moves. I mean, look, I

587
00:34:33,239 --> 00:34:36,759
Speaker 6: don't that Trump asking that in the world day. But

588
00:34:36,880 --> 00:34:38,680
Speaker 6: I mean we have the war now and we have

589
00:34:39,320 --> 00:34:42,080
Speaker 6: what they I think the Europeans for me, it will

590
00:34:42,120 --> 00:34:45,600
Speaker 6: be also in their best interest to try and you know,

591
00:34:45,760 --> 00:34:49,120
Speaker 6: protect trade to go to go on, because at the

592
00:34:49,239 --> 00:34:51,279
Speaker 6: end of the day, they don't just get oil day.

593
00:34:51,440 --> 00:34:53,960
Speaker 6: I mean, the guest that used to come from Russia

594
00:34:54,160 --> 00:34:56,960
Speaker 6: is now coming from there. I mean they paid a

595
00:34:56,960 --> 00:35:00,520
Speaker 6: lot coming. That's that affects the Europeans. Whether you agree

596
00:35:00,560 --> 00:35:02,840
Speaker 6: with some pole you don't, But was that for reasons

597
00:35:02,840 --> 00:35:05,719
Speaker 6: that we don't you know, we don't agree with. They

598
00:35:06,040 --> 00:35:08,279
Speaker 6: need to protect that trade because if you go back

599
00:35:08,360 --> 00:35:12,320
Speaker 6: to Russia, I mean Russia an ex cremea in twenty fourteen,

600
00:35:12,640 --> 00:35:15,160
Speaker 6: the Europeans didn't read the room. They still can't. I

601
00:35:15,239 --> 00:35:17,719
Speaker 6: mean it was kicked out of the gh and Sanshins

602
00:35:17,760 --> 00:35:21,399
Speaker 6: with this, but Europe continued to get the Palkovia casts

603
00:35:21,400 --> 00:35:23,600
Speaker 6: from Russia. But you could already see that Preutein is

604
00:35:23,640 --> 00:35:26,360
Speaker 6: an expassionist. He wants to take your cred when that

605
00:35:26,440 --> 00:35:29,880
Speaker 6: twenty twenty two you know, twenty twenty two was started,

606
00:35:30,400 --> 00:35:33,400
Speaker 6: was hit had because of the case. It was Europe.

607
00:35:33,680 --> 00:35:36,640
Speaker 6: So they can say whatever, but they still need to Yeah,

608
00:35:36,719 --> 00:35:39,319
Speaker 6: they still need to protect that trade clearmen, because it's

609
00:35:39,320 --> 00:35:42,319
Speaker 6: not only about Yes, price of oil is a global thing.

610
00:35:43,280 --> 00:35:44,640
Speaker 6: It will get to you a point where you can't

611
00:35:44,719 --> 00:35:47,480
Speaker 6: get the oil. That's a different thing, because that can

612
00:35:47,560 --> 00:35:48,960
Speaker 6: last for it who knows.

613
00:35:49,800 --> 00:35:52,520
Speaker 1: Yeah, but they can't get involved because Trump is telling

614
00:35:52,560 --> 00:35:54,719
Speaker 1: them to get involved and let me see. And as

615
00:35:54,760 --> 00:35:56,960
Speaker 1: I said in the beginning, yeah, of course it's in

616
00:35:57,000 --> 00:36:01,040
Speaker 1: the best interest of Europe to find a collective plan

617
00:36:01,160 --> 00:36:02,840
Speaker 1: to protect that waterway.

618
00:36:02,960 --> 00:36:04,080
Speaker 2: They have to look at the.

619
00:36:04,040 --> 00:36:06,480
Speaker 1: Reopening of the Strait of homes because the gas prices

620
00:36:06,480 --> 00:36:10,160
Speaker 1: are also skyrocketing in Europe, so they need to know

621
00:36:10,239 --> 00:36:13,440
Speaker 1: that they're doing that for themselves. But how do they

622
00:36:13,480 --> 00:36:15,040
Speaker 1: do it in a way that's going to be cautious

623
00:36:15,040 --> 00:36:18,640
Speaker 1: because military experts are also warning that you also run

624
00:36:18,680 --> 00:36:22,000
Speaker 1: the risk of the ships being attacked by Iran and

625
00:36:22,080 --> 00:36:25,560
Speaker 1: this could even become a much wider war if you

626
00:36:25,800 --> 00:36:29,920
Speaker 1: come as European countries and you start intervening at that level.

627
00:36:30,040 --> 00:36:32,680
Speaker 1: Even when it is in your best interest, So how

628
00:36:32,800 --> 00:36:34,839
Speaker 1: is I an't going to respond to that? It's going

629
00:36:34,880 --> 00:36:37,640
Speaker 1: to be of interest. Here some what's up voice notes

630
00:36:37,680 --> 00:36:39,879
Speaker 1: that have come on Oh seven two seven O two

631
00:36:40,160 --> 00:36:41,320
Speaker 1: one seven o two.

632
00:36:41,960 --> 00:36:46,719
Speaker 12: A money morning clement. With regards to local brands, I

633
00:36:46,760 --> 00:36:52,160
Speaker 12: was blown away when I tried a single malt whiskey

634
00:36:52,840 --> 00:36:59,280
Speaker 12: called African Gypsy made in Pretoria. I was blown away.

635
00:37:00,040 --> 00:37:00,880
Speaker 2: I couldn't believe it.

636
00:37:01,480 --> 00:37:05,200
Speaker 12: Your you're your journey Walkers, your Jamieson's, don't even touch

637
00:37:05,280 --> 00:37:11,279
Speaker 12: that thing. So yes, supporting local brands. If anyone would

638
00:37:11,360 --> 00:37:14,800
Speaker 12: want to to to to get a single mold whiskey

639
00:37:14,800 --> 00:37:18,000
Speaker 12: that is the best from South Africa, try that thing

640
00:37:18,400 --> 00:37:22,800
Speaker 12: African Gypsy queens. It's a single mold whiskey made in Pretoria.

641
00:37:23,040 --> 00:37:29,600
Speaker 12: Thank you Clement. He was here in Pretoria one implement.

642
00:37:29,800 --> 00:37:32,240
Speaker 13: It's sort of feeler from the DA. I just wanted

643
00:37:32,280 --> 00:37:35,000
Speaker 13: to say, you know, in terms of local is like

644
00:37:35,600 --> 00:37:40,640
Speaker 13: and using local suppliers. When we have opening of Parliament,

645
00:37:40,719 --> 00:37:44,480
Speaker 13: I've had this incredible taylor. Her name is Bopy. She's

646
00:37:44,520 --> 00:37:48,600
Speaker 13: in Kempton Park, Knock cam She's been making mi roads

647
00:37:48,600 --> 00:37:52,799
Speaker 13: for the legislature since twenty fourteen and I've watched her

648
00:37:52,960 --> 00:37:56,400
Speaker 13: grow with every year that she makes an outfit for me,

649
00:37:56,840 --> 00:38:01,680
Speaker 13: and as a single mom, money is tight. So oh,

650
00:38:00,480 --> 00:38:04,720
Speaker 13: she's amazing because unfortunately I'm never going to wear fifteen

651
00:38:04,760 --> 00:38:08,759
Speaker 13: thousand interests to the opening of the legislature. So she's

652
00:38:08,880 --> 00:38:14,279
Speaker 13: very affordable and her work is exquisite. I obviously send

653
00:38:14,280 --> 00:38:17,640
Speaker 13: her a patten and we make something together. Thanks a lot,

654
00:38:17,760 --> 00:38:22,440
Speaker 13: but we should also supply support the unknown people in business.

655
00:38:22,520 --> 00:38:22,880
Speaker 2: Thank you.

656
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Speaker 5: Seven oh two Live from the By Local Summit and Expert,

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Speaker 5: brought to you by Proudly South African.

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Speaker 2: Loved here, made here.

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Speaker 8: Ah.

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Speaker 1: I'm now joined by Nalaizzani Mussuman, who's the head of

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Speaker 1: Enterprise and Supply Development for Business and Commercial Banking and

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Speaker 1: Standard Bank.

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Speaker 2: Nalaizani, thank you so much for joining us. Good morning,

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Speaker 2: Good morning, Kivin. Thank you for having me.

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Speaker 1: This is not the first time that US Standard Bank

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Speaker 1: added your weight behind the Proudly South African by Local

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Speaker 1: Summit and Expert. Why have you decided to continue to

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Speaker 1: support this initiative?

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Speaker 8: Yes, so we were a sponsor last year but not

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Speaker 8: a headline sponsor this year. When the opportunity came up

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Speaker 8: for us to be a headline sponsor. We decided why

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Speaker 8: not take it because we see the opportunity that sits

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Speaker 8: within this platform. At Standard Bank, we support businesses to start,

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Speaker 8: manage and grow, and we know that market access for

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Speaker 8: small businesses is critical and the ability to bring SMEs

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Speaker 8: into a room with corporates with potential procurement opportunities for

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Speaker 8: some of those semes. It's really true to what we

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Speaker 8: tried to do in terms of really partnering with our

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Speaker 8: clients and with SMEs in general for their sustainability and

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Speaker 8: for their growth.

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Speaker 1: Yeah, and speaking of SMEs, I mean they're often described

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Speaker 1: as the backbone of our economy. What specific challenges do

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Speaker 1: they face right now and how is Standard Bank helping

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Speaker 1: them overcome those?

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Speaker 9: Yeah?

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Speaker 8: SAME's other backbone of the economy. Small and medium enterprises

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Speaker 8: create jobs and in fact most of the jobs sit

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Speaker 8: within this market segment. Challenges range from market access everyone

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Speaker 8: is trying to sell something to someone and as well

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Speaker 8: as access to finance in some instances where market access

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Speaker 8: already exists. And as Standard Bank, we have a range

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Speaker 8: of business banking solutions to support SME. So we have

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Speaker 8: financial offerings looking at transactional accounts, merchant devices, blending solutions,

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Speaker 8: but we also provide non financial support, particularly through one

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Speaker 8: of our programs, which is our Enterprise and Supply Development Program.

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Speaker 8: Within that program, we support with access to business developments,

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Speaker 8: financial management, marketing management, and we help unlock funding for

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Speaker 8: some SMEs that might not be able to get access

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Speaker 8: to funding through traditional banking rails.

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Speaker 1: How critical is localization and human from South African suppliers

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Speaker 1: in strengthening the domestic economy because sometimes we think it

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Speaker 1: just ends with us supporting these local businesses, but there's

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Speaker 1: a much bigger impact.

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Speaker 8: It's everything. When you support a local business, you are

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Speaker 8: supporting a family. Typically, local businesses are the businesses that

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Speaker 8: create jobs. And when you start looking at all of

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Speaker 8: the challenges us listening to your listeners, just what's happening

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Speaker 8: in the world. We do need to be able to

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Speaker 8: source goods within this country and we do need to

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Speaker 8: have reliable businesses that are able to provide reliable, quality

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Speaker 8: services or goods within this country. So strengthening local businesses,

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Speaker 8: providing them with the right support mechanisms, providing them with

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Speaker 8: access to markets outside South Africa as well as critical

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Speaker 8: because then if the ice starts flowing in and we

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Speaker 8: know what that means in terms of a country's economy.

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Speaker 8: So when you start looking at the entire ecosystem and

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Speaker 8: how small businesses and localization supports economic development, you do

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Speaker 8: have to be deliberate and intentional in supporting local businesses.

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Speaker 2: Now, thank you so much for chatting to us. Thank

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Speaker 2: you so much, Kim. It's a minute before