At Blue Core Logistics, we believe that empowerment should form a fundamental part of our business strategy and development. Empowerment is not about giving away or receiving free shares in a business just to meet statutory requirements. Rather, it is a tool for progress and sustainability that every South African business owner should make use of.
When applied properly, BBBEE initiatives will as a by-product ensure job creation, a more skilled workforce, and ultimately economic growth through increased global competitiveness. To that end, Blue Core Logistics takes a long term view and commitment towards BBBEE.
According to various sources, BBBEE compliance is determined according to the number of points a business scores on the generic scorecard. The more points it scores, the higher its level of compliance.
The BBBEE generic scorecard, as well as any industry or sector codes that are based on it, measure BBBEE compliance in terms of direct and indirect empowerment as well as human resource development. These three broad areas are then again divided into seven elements: Ownership Equity; Management Control; Employment Equity; Skills Development; Preferential Procurement; Enterprise Development; Socio-Economic Development.
We had our BBBEE verification audit on 07 April 2015, and are proud to announce our new BEE Status as a LEVEL 2. We were measured on skills development, preferential procurement, enterprise development as well as socio economic development, boasting a final score of 92.85 points out of a possible 100, with a BEE procurement recognition level of 125%.
Categorised in: BBBEE
This post was written by Blue Core Logistics