Broad-Based Black Economic Empowerment
Broad-Based Black Economic Empowerment (BBBEE) is the government policy to transform the South African economy. The purpose is to give the broad spectrum of previously disadvantaged and marginalised people equal access to participate actively and meaningfully in the mainstream economy.
BOSASA fully embraces the aims of BBBEE, as evidenced by our track record of providing opportunities to those from previously disadvantaged groups.
Our determination to follow the legislative framework, Codes of Good Practice and Transformation Charters is reflected in our Level 2 BBBEE rating by the South African National Accreditation System (SANAS). Level 2 is defined as fully BEE-compliant.
The BBBEE rating is based on seven core elements
2. Management control
3. Employment equity
4. Skills development
5. Preferential procurement
6. Enterprise development
7. Skills and socio-economic development
BOSASA’s Level 2 BBBEE rating, as certified but SANAS, takes account of all these factors as well as the size, annual turnover and legal structure of the BOSASA Group of companies.
We are proud that the following individual companies in the BOSASA Group hold BBBEE Contribution Level 2 Status:
- Sondolo IT (Pty) Ltd
- BOSASA Operations (Pty) Ltd
- BOSASA Security (Pty) Ltd
- BOSASA Youth Development Centres (Pty) Ltd
- Kgwerano Financial Services (Pty) Ltd
BOSASA’s mission of empowering people to contribute to the economic and social development of our nation aligns perfectly with the aims of BBBEE. Hence our enthusiastic support and commitment to implementing BBBEE throughout the BOSASA Group.