SPONSORED | BCXworld BBBEE strategy is embedded in its operational business practices and has been implemented in a variety of ways — from corporate social investment, investments in SMMEs to human resource development.
06 July 2020 - 08:03The BBBEE scorecard for each SA company indicates the measure of success they are having in contributing to this national strategy.The national broad-based BEE strategy was born out of the constitutional requirement for previously disadvantaged individuals and entities in SA to allow for equal access to the economy. It comprises three measurable components, namely direct investment, human development and employment equity, and indirect empowerment.
“BBBEE is firmly entrenched in our business and we have made a strong commitment to contribute towards the BBBEE objectives of the country”, says Mandisa Ntloko-Petersen, chief marketing officer at BCX. According to Ntloko-Petersen, the programmes and investments are making an impact. This is evidenced by BCX having maintained its level 1 BBBEE status, and much of that is owed to the developmental work it is doing across multiple verticals.
In addition, BCX is a major contributor to the Telkom Futuremakers programme, which is an enterprise and supplier development initiative focusing on increasing subcontracting opportunities for SMMEs. The enterprises are supported with regards to gap analysis, industry strategy, mentorship, financial management, skills development and back office support.
The Explore Data Science Academy is a 12-month accredited skills data science programme of which BCX is a founding partner, and has invested R50m training more than 300 interns in the past three years. The academy was successful in placing about 70% of the programme’s interns in positions at various organisations.
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