Broad-Based Black Economic Empowerment
Astrapak showed a significant 20% improvement in terms of their B-BBEE credentials as reported in recent results based on the Top 100 JSE Listed companies and their B-BBEE scores. A sterling achievement for Astrapak who have been rewarded by their dedicated commitment to B-BBEE, so much so that they are now in a class of their own compared to their local JSE Listed competitors in the same industry.
Astrapak’s Board and management recognise their responsibility to support this process and place great emphasis on the task at hand to drive change and transformation.
Astrapak CEO Robin Moore stated, “We see our new rating as a strategic and important differentiator for us and more importantly our people and our customer base. At Astrapak, we continually strive to improve our performance in all spheres of our business and to be the leading packaging company and to be placed just outside of the top 50 listed companies in South Africa is both exciting and encouraging for us.”
Noted as a vital cornerstone of its strategy, driving this initiative is not negotiable for Astrapak. Mefane Makhutla, Director of Human Resources at Astrapak, confirmed: “This improvement in the overall score sets a solid foundation off which we can only build and improve on. By focussing on the key pillars as a generic company means that alongside ownership and skills development, enterprise and supplier development are integral to improving our profile. We are a business that empowers smaller players, or smaller companies. We empower them economically so that they can fall into the mainstream economy of the country.
“It is our belief that building capacity in terms of skills development amongst our staff promotes substantial improvement in terms of employment equity. If we develop competence and people who are skilled, the employee profile will begin to represent the demographics of our population and address inequality.”
The company’s objective is not one of merely complying for business continuity and sustainability reasons. Instead, Astrapak wishes to see achievements emanating from a moral obligation in the pursuit of economic transformation across all levels within business, thus adding to the stability of the South African economy.
Astrapak firmly believe that the path to their efforts impacting on transformation lies in implementing and driving their strategy supported by the commitment of their people who have already been instrumental in helping the company move up 14 positions from 70th to 56th in the JSE Top 100 Listed Company rating for 2015.