Sovereign Foods has for a long time maintained poor BBBEE credentials but that situation might change when the group completes a R209 million new empowerment deal that was in the making at the time of writing this report.
Astral Foods has for a while been stuck at a Level Five BBBEE level, an empowerment rating which may collapse when the business is measured using the new and tougher BBBEE scorecard
RCL Foods, a business controlled by Remgro, has of late put some effort on improving its poor black economic empowerment (BEE) credentials.
In replacing a black chairperson of the board, Hixonia Nyasulu, with another black chairperson, Mandla Gantsho, Sasol has portrayed itself as a significantly transformed business.
With Shameel Joosub as CEO and the recently appointed Yolanda Cuba as “heir apparent”, mobile telecoms group Vodacom projects a polished image of corporate transformation.
With the black duo on top, Jabu Mabuza and Sipho Maseko, you would expect Telkom to be passing the BBBEE test with flying colours. The state controlled telecommunications giant is an average BBBEE performer
It is a surprise to see Eskom remain within the class of laggards on the Broad Based Black Economic Empowerment (BEE) scales. The state owned power utility, Eskom, reflects a Level 4 BBBEE status in its latest certificate
Short term insurance giant Santam derives a significant portion of its BBBEE credentials from its parent company Sanlam which comes with the Patrice Motsepe connection.
With three black women in a board of eleven directors, The Foschini Group (TFG) comes across as a top performer on the BBBEE scales. It is not. The three black women on the TFG board are Tumi Makgabo, Nomahlubi Simamane and Prof Fatima Abrahams
Running with a poor Level 7 BBBEE status, The SPAR Group records an astounding experience in the company’s empowerment engagement.