Company improves its empowerment status

Actom, a manufacturer, supplier, repairer and maintainer of electro-mechanical equipment, has attained a Level 1 rating under the government’s revised broad-based black economic empowerment (B-BBEE) regulations and amended codes of practice. This makes it the first company in its industrial sector to achieve this status. The group, which attained the new rating following an audit of its B-BBEE status by a SANAS-accredited verification agent for the financial year to end-March 2017, previously had a Level 3 rating. The upgrading of the group to Level 1 is chiefly attributable to the advances it achieved in skills development during the year under review, due to the extensive training that the group undertakes. Skills development is one of five key elements on which companies are assessed for its B-BBEE ratings. The company also scored well on three of the other four key elements: ownership, enterprise and supplier development (ESD) and socio-economic development (SED).

Contact Andries Mthethwa, ACTOM, Tel 011 820-5094, andries.mthethwa@actom.co.za

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Source: EE plublishers

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