27 July 2017
Media24 today announced that it has improved its Broad-Based Black Economic Empowerment (B-BEEE) scorecard from a Level 4 to a Level 3.
The 2017 BEE scorecard was announced after an external audit was completed.
“We are thrilled with this achievement, which bears testimony to our commitment to black economic empowerment,” says Media24 chief executive Esmaré Weideman. “Achieving a Level 3 status demanded that we intensify our focus on procurement processes and continued dedication to inclusive recruitment practices. It was only possible through the dedicated efforts of all our people.”
Highlights of the company’s new scorecard include:
- A total procurement recognition level of 110%.
- Effective black ownership of 35,40% and black female ownership of 15,92%.
- Skills development scored 15,63 out of a total of 20 points.
- Full points (5 out of 5) were scored for Socio-Economic Development.
Group BEE Manager Sikelelwa Ndwayi says, “Media24 remains committed to building a workplace which better represents South Africa’s demographics and engages in practices that bring about genuine black economic empowerment.