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February 10, 2010
Massmart achieves level four BBBEE rating
The Massmart Group of companies has achieved a Level Four Broad Based Black Economic Empowerment (BBBEE) contributor status, two years earlier than planned. Massmart achieved a score of 66.14% from ratings agency Empowerdex, following a comprehensive audit of the Group's BBBEE performance.
This is substantially higher than last year's score of 55.67% when the group obtained Level Five status. There has been steady growth in Massmart's empowerment performance since its June 2007 score of 49.77%.
Posted by StaffWriter at February 10, 2010 10:09 AM