As a result of Elvey’s commitment to sound corporate governance and genuine empowerment, the DTI (Department of Trade and Industry) had raised the company’s BBBEE scorecard status from a level 6 to a level 4 contribution level, in line with South Africa’s Broad-Based Black Economic Empowerment Act.
“The DTI found in our interim audit, where companies are rated according to a black ownership flow-through principle, that Elvey’s level of black ownership had risen to 23%,” explains Elvey CEO, Jack Edery. “This, along with other significant contributors such as our preferential procurement policy and our commitment to enterprise development and socio-economic development at every level, ensured the elevation of our score.”
He continued: “Our company believes that true transformation goes beyond a scorecard and into the field of making a real difference to the lives of all our customers, staff and stakeholders. This achievement reflects our successful pursuit of our goals while simultaneously illustrating our ongoing commitment to transformation and economic growth in all our operations throughout South Africa.”
For more information contact Elvey Security Technologies, +27 (0)11 401 6700, [email protected], www.elvey.co.za.
| Tel: | +27 11 401 6700 |
| Email: | [email protected] |
| www: | www.elvey.co.za |
| Articles: | More information and articles about Elvey Security Technologies |
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