« SOUTH AFRICA: Inequality not so black and white | Main | Zuma's full speech »
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
Comments
Post a comment
Thanks for signing in, . Now you can comment. (sign out)
(If you haven't left a comment here before, you may need to be approved by the site owner before your comment will appear. Until then, it won't appear on the entry. Thanks for waiting.)