Broll boosts BBBEE rating to Level 3

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 Broll Property Group has been rated as a Level 3 Contributor and Value-Adding Supplier by Empowerdex, an accredited verification agency. A Level 3 plus Value-Added Supplier status allows customers to claim R137.50 for every R100 spent with the company towards their own BBBEE preferential procurement score.

 “Broll Property Group is a truly proudly South African enterprise committed to the myriad responsibilities that modern business entails,” says Malcolm Horne, CEO, Broll Property Group.

 Notable achievements on the BBBEE scorecard are:

 ·         Broll scored a maximum 15 for enterprise development

 ·         It also scored a maximum 5 for socio-economic development

 ·         It scored 17.34 out of a potential 20 for preferential procurement, and a procurement recognition level of 110%

 ·         Broll scored 8.04 out of a potential 10 for management and control.

 Akhona Nalapha Investments, a black women-owned property company, is a significant shareholder along with Catalyst House Fund in Broll Property Group, a leading property services company serving the South African and broader African market.

 Broll has meaningful skills development initiatives. It was the first commercial property company to provide in-house training through its own academy, and continues to support a number of mentorship and learnerships programmes aimed at advancing the careers of employees from disadvantaged backgrounds. Broll is investigating further initiatives that will benefit the broader property industry, which will further enhance the group`s rating.

 “While many companies are judged on the score they produce, we are committed to transformation in the property sector and are proud of our tangible results that we have achieved. We know we are training and empowering future generations of property practitioners to help build a bright future for the property industry,” adds Horne.

 

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  • Well done Broll. However I dont see why the author did not report on key human elements being Skills Development and Employment Equity. We know the mentioned are notable as they yielded more points hence mentioned. The economy needs skilled people into the economy to address some of Macroeconomic objectives of the contry, Unemployment rate and Equitable distribution of income. Also investors want to know if Broll has skilled black employees, its does not assist the market not knowing if Broll really cares about the skill set they have and the employment of black people. It really matters.

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