Ricochet News

George Municipality among top empowered companies in SA

Jul 30, 2018
George Municipality among top empowered companies in SA

The George Municipality is among South Africa’s top empowered companies according to the June 2018 edition of Impumelelo Top Empowerment Companies magazine.

The annual publication celebrates the achievements of black business and empowered companies, and their role in transformation, and is considered the country’s most respected and comprehensive BEE business directory.

The George Municipality is listed in the local municipalities section under Government Organisations in the Public Segment listing together with local municipalities Knysna and Bitou, the only other municipalities in the Eden District to have made the cut. Eden District Municipality also qualified in the District Municipalities section.

George Municipal Manager Trevor Botha said the municipality was proud to have made significant strides in fulfilling its Employment Equity Policy and would continue to invest in people.

“One of the municipality’s strategic goals relates to Human Capital and incorporates the creation of equal opportunities, compassion, sustainability, good governance and innovative and entrepreneurial solutions. Making this publication means that we are on our way to succeed in this goal.”

To make the Impumelelolist companies are assessed on the seven pillars of empowerment set out by the national Department of Trade and Industry: ownership, management control, employment equity, skills development, preferential procurement, enterprise development and socio-economic development.

Eligibility criteria include black executive directors and black senior managers as a share of all executive directors and senior management, black employees as a share of total employment, expenditure on skills development that empower historically disadvantaged individuals and procurement practices.

Complying companies are evaluated and allocated points relative to their performance. The publication does not rank companies on the basis of point scores but prefer to highlight all companies that perform above a certain level.