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Send  Share  RSS  Twitter  03 Sep 2010

BEE: Ernst & Young Recognised for Empowerment Commitment


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Ernst and Young has been recognised for its ongoing commitment to Broad-Based Black Economic Empowerment (B-BBEE), a key driver for the success of the firm and South Africa, by being rated an AAA - Level 2 contributor according to the terms of the DTI codes.

Ajen Sita, CEO: Africa at Ernst and Young says that the importance of this accomplishment to the firm, its people, clients and key stakeholders is tremendous. “We have long been committed to the transformation of our firm, profession and country. A winning firm needs a culture of diversity and inclusiveness, and we believe that Ernst and Young is leading in this area.”

The impact of the AAA - Level 2 rating is significant for our clients as they can claim 156.25% of their spend with Ernst and Young for B-BBEE rating purposes.
“Our vision, as a firm, is to actively participate in growing this country, helping to broaden economic participation to all South Africans, at all levels of economic activity. We view our ongoing successes not as final goals, but as milestones in a continuing journey towards the full participation of black people across all levels of our firm, our profession and, ultimately, our economy,” commented Sita.

Dating back almost 30 years, – Ernst and Young recorded its first milestone in diversity and inclusiveness by being the first to appoint a female director and a black African director in a Big 5 firm in South Africa. The firm has achieved and exceeded its targets of 25% black ownership, and for the past five years has been top ten ranked in the CRF “Best Company to Work For” awards.

Today, in South Africa, the firm is managed by a dynamic leadership team of which one third are women. In addition, the leadership team has over 40% black representation. The firm offers a number of opportunities to its people, with the aim of strengthening its transformation by creating a diverse and inclusive firm.

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