Aurecon’s commitment to Broad-Based Black Economic Empowerment (BBBEE) demonstrates its commitment to transformation.
“Aurecon South Africa has been verified as a Level 2 Contributor to BBBEE,” says Teddy Daka, Chairperson of Aurecon’s global holding company. “This represents an improvement from the group’s previous rating, and is indicative of our on-going efforts to facilitate the development and participation of historically disadvantaged individuals, broaden the country’s economic base and stimulate economic growth and employment.”
Aurecon’s BBBEE initiatives are aligned with the Construction Sector Codes which is also a promulgated Department of Trade and Industry’s Code of Good Practice. These initiatives focus on the on-going transformation of equity ownership, management control and employment equity within Aurecon.
A further focus is human resource development, with the emphasis on bursaries, experiential training, technical training and mentorship. In addition, Aurecon accelerates the development of local Black-owned companies through targeted preferential procurement and enterprise development. Investing into communities via numerous socio-economic development initiatives, too, is a key area of focus.
“We are extremely pleased with this rating, not least because it is a vital one in the business environment in which we operate, but also because our clients may claim any Aurecon fees incurred as BBBEE spend at the same level towards their own BBBEE certification,” Barney Tsita, Chairman of the Board of Directors of Aurecon South Africa. “Going forward, Aurecon remains determined to ensure our participation in the global economy has tangible, lasting benefits for the local economy.”