The board acknowledges its oversight role in driving transformation and empowerment across all elements of the DTI scorecard. With the introduction of the amended codes in the 2016 financial year, the group was only able to achieve a total score of 41.54 points and received a non-compliant status due to not achieving the required 40% minimum in priority elements of equity ownership and enterprise and supplier development.
The group made a significant effort to achieve the minimum requirements in the priority elements and achieved a total score of 56.29 points and a level eight contributor status for the 2017 financial year. This rating was verified by AQRate, an accredited empowerment rating agency.
The board approved specific targets for the medium term in order to further improve the group’s overall score.
The group is pleased to report a significant improvement in the total score from 56.29 in 2017 to 71.87 in 2018, a level seven contributor status for 2018. The B-BBEE status was verified by AQRate.
