Broad Based Black Economic Empowerment
There is a general expectation from government that by 2014 all South African business will need to be complaint with regulations regarding black economic empowerment (B-BBEE).
B-BBEE is regarded as a challenge by some companies, but as an opportunity by RBI Tech, but ultimately it is the way forward for any business that is looking to succeed in the South African environment.
B-BBEE is not seen by RBI Tech as crucial to immediate financial prosperity, it is rather seen as an important investment in people, and essential to driving sustainable growth. For that reason RBI Tech has decided to follow the strategy to empower members of staff and employees therefore engaging into an ongoing value adding partnership, enhancing credibility throughout the company and upliftment from prominent grass root representation.
RBI Tech has therefore selected specific individuals with a strong character, commitment, team participation, growth potential, strong reputation and the properties to develop strong corporate governance.
RBI Tech strives for black empowerment initiatives to be successful and therefore they must be an inherent part of our business strategy and automatically will create long term equity value and financial prosperity.
We are pleased to report on the B-BBEE status of RBI Tech. The company adopted all elements of B-BBEE, but chose the highest four scoring elements.
DTI has independently verified RBI Tech in terms of B-BBEE act number 53 of 2003, and DTI Methodology.
RBI Technical Solutions International (Pty) Ltd has been verified as a B-BBEE Contributor: Level 3 and achieved a B-BBEE Procurement Recognition level: 100%