BEE: Thales Achieves a Level 2 Black Economic Empowerment in South Africa
Recent Gauteng Business News
· Thales supports the transformation policies of South African government.
· Thales South Africa Systems (Pty) Ltd has achieved a level 2 B-BBEE rating with 51% Black-ownership (30% black women ownership).
Thales is pleased to announce that Thales South Africa Systems (Pty) Ltd local empowerment ownership has been increased in South Africa, through the transformation of its shareholding to a 51% Black and 30% Black Female South African ownership.
This transformation of ownership illustrates Thales commitment for a long term partnership to support growth, value creation and jobs in South Africa.
Thales started its BEE transition in 2010 to support the growth strategy of the country and actively engage with the previously disadvantaged communities to contribute to the realization of the full economic potential of South Africa.
With this new step, Thales confirms its support to the South African Government transformations initiatives such as the Broad Based Black Economic Empowerment Act.
“We are excited to confirm that Thales South Africa Systems (Pty) Ltd is now recognized as an empowering BEE level 2 company with 51% black-ownership of which 30% are women-owned suppliers since April 2016. These BBBEE credentials will not only enable our clients to maximize their own BEE scoring but is evidence of our commitment to transformation in South Africa,” says Justice Tootla, Chief Executive Officer - Thales South Africa Systems (Pty) Ltd
Business News Sector Tags: BBBEE|