Investment company Stanlib boasts a Level two BBBEE rating, a status that can be partly attributed to the person at the helm of the Liberty Holdings subsidiary, Thabo Dloti. Stanlib does state that its BBBEE rating has made significant improvement over the past few years. The firm states that “At the beginning of 2011 we put in place initiatives and strategies to improve our BEE level which have resulted in our BEE rating moving from level 4 to a level 2 as of May 2013. These include adhering to our recruitment and employment equity policy, learning and development initiatives, enterprise development and CSI programmes. It’s our sincere intention to sustain this level going forward by continuing to drive our BEE and transformation agenda.” This improvement does coincide with Dloti’s tenure. Dloti took over as head of Liberty Holdings, which includes Stanlib, institutional business in 2010 and his tenure has not only seen empowerment progress but also stabilisation of Stanlib. The investment firm with assets under management of over R500bn went through some rough time in the mid 2000’s. Dloti’s role in Stanlib’s progression has been widely reported and rubber stamped by the Association of Black Securities and Investment Professionals (Absip). The association awarded Dloti last year (2013) with what it calls the ‘CEO of the Decade’ award. A portion of Stanlib’s BBBEE credentials flow from parent company Liberty Holding via the ownership element. Liberty features those early BBBEE deals of 2000s which were aimed at transferring about 10% of equity to black groups. Liberty’s deal included employees and the Tutuwa consortium which was led by Saki Macozoma’s Safika and Cyril Ramaphosa’s Shanduka.