KHIPU South Africa achieves B-BBEE Level 2 Rating
Tuesday 10th May, 2016
The KHIPU Group of Companies is pleased to announce that KHIPU South Africa has been verified as a Level 2 Contributor to B-BBEE.
Broad-Based Black Economic Empowerment (B-BBEE), is a South African Government initiative driven by the Department of Trade and Industry, it aims to ensure that the economy is structured and transformed to enable the meaningful participation of the majority of its citizens and to further create capacity within the broader economic landscape at all levels through skills development, employment equity, socio economic development, preferential procurement, enterprise development, especially small and medium enterprises, promoting the entry of black entrepreneurs into the mainstream of economic activity, and the advancement of co-operatives.
“We are delighted that KHIPU South Africa continually improves its performance within the vital social and economic role that businesses need to meet” said Andrew Brimson (KHIPU Group Managing Director), going on to say: “This represents an improvement from our previous rating, and is indicative of our on-going efforts to facilitate the development and participation of historically disadvantaged individuals, broaden South Africa’s economic base and stimulate economic growth and employment.”
Gareth Trollip, Senior Manager Khipu South Africa, further adds: “We are extremely pleased with this rating, not least because it is a vital one in the business environment in which we operate, but also because our clients also benefit from our commitment to B-BBEE in terms of adding value to their own B-BBEE certification” He concludes by saying: “Going forward, KHIPU South Africa remains determined to ensure our participation in the global economy has tangible, lasting benefits for the local economy.”