We are making steady progress on all elements of the Department of Trade and Industry’s BBBEE scorecard, with the emphasis not on a quick fix but on long-term sustainability.
Barloworld Limited announced its broad-based black economic empowerment (BBBEE) transaction in 2008. The transaction included shareholdings for employees, community service groups, an education trust and strategic black partners. This translated into an effective 29% empowerment of Barloworld’s South African operations. The allocation of shares to South African employees has the important spin-off of improved staff retention and loyalty, with corresponding benefits for customers.
Please find our downloadable BBBEE Certificate here:
