The opportunity facing all business in South Africa is to demonstrate real commitment to embrace changes that address equality and reflect diversity in the work place. For some organisations this is a matter of compliance, however for Astrapak Limited this is an opportunity to not only differentiate from our competitors but to engender a culture of inclusion and togetherness.
Astrapak Limited recently completed their new assessment under the new codes for B-BBEE achieving certification as a Level 4 Broad-Based Black Economic Empowerment (B-BBEE) contributor. Although as generally predicted, the rating has moved one level out, the overall scores have improved significantly and display clear regard for the need for change.
The high-level scoring was revealed as follows:
Procurement Recognition Level of 100%; Black Ownership 54.24%; Black Women Ownership 15.58% with Astrapak Limited also being adjudged to be an “Empowering Supplier” meaning it is a good citizen of South Africa and fulfils regulatory compliance of the country.
The B-BBEE scorecard further revealed the achievement of targets for Ownership at 25/25 and Socio-Economic Development 5/5. Skills Development achieved a high score of 16.06/20, which emphasises the drive to transfer skills and uplift employees within the work place.
Astrapak CEO, Robin Moore, expressed his gratitude to the entire Astrapak Team, particularly the Head Office, Human Resource and Procurement teams, who had driven a clear plan with the sole objective of placing the Group in the best position possible. Furthermore, while it is early days for the new scorecards and the general expectation was a drop of one level, there were already examples of companies dropping more than one. Moore added that the outcome was therefore particularly pleasing and gave the Company a solid score on which increased momentum could be built going forward – specifically given the recent regulatory changes.
Click here to view the Level 4 B-BBEE Certificate and the Annexures: http://www.astrapak.co.za/b-bbee/