Short term insurance firm, Outsurance, seems resolved to maintain a lousy BBBEE performance when its current status is viewed against its historical performance.
The state owned power utility, Eskom, made a leap in empowerment ratings in 2016 by advancing to a Level 2 BBBEE status from a Level 4. But the power utility’s top BBBEE scores stand to be overshadowed by allegations of corruption as recorded in the State of Capture report.
Standard Bank has for a while maintained high BBBEE rating anchored by strong black ownership score and a good showing across the other 8 elements of the Financial Sector Charter.
As expected the empowerment rating of petrochemicals giant, Sasol, slipped in a big way, from Level Four in 2015 to […]
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