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BBBEE and transformation

Focusing on broad-based growth

 

We want to achieve more than simply financial returns. As a South African business, we realise that the socio-economic challenges facing the country are immense and we are committed to being a responsible and active corporate citizen.

We seek to create long-lasting, robust and broad-based benefit for the broader South African society. We believe that by empowering South Africans through education, we can go a long way towards overcoming the barriers to transformation and, at the same time, create the skills that the country needs.
 


The trust, which has been structured as a capital-preserving trust, will continue in perpetuity. Its primary focus is on activities to improve education and training through the provision of scholarships, bursaries and community development programmes. The trust operates independently and is managed by external independent trustees.
 

Our BEE performance during 2017

We are committed to the objectives of Broad-Based Black Economic Empowerment (BEE) and we endeavour to explicitly integrate the tenets in our business. The revised property sector codes were promulgated during June 2017. Certain new elements were significantly increased. Despite the fact that these codes were released in the latter part of our financial year, we were pleased to achieve a level 4 contributor-status. We have made meaningful organisational changes to embrace the spirit of BEE, including forming a BEE committee. It remains a priority to improve our compliance to the codes.


BEE scorecard
  2017 2016 2015
Ownership 26.30 21.24 23.00
Management central 2.60 2.62 2.46
Employment equity 2.47 3.70 2.61
Skills development 16.48 13.32 13.05
Enterprise & supplier development 27.01 10.00 10.00
Socio-economic development 0.29 0.15 0.35
Economic development 5.00 14.82 12.55
Overall score 80.16 81.26 80.42
BEE contributer level 4.00 3.00 3.00


Level four (4) contributor

Redefine has been rated against the B-BBEE codes of good practice published by the Department of Trade and Industry and has achieved a Level Four (4) contributor status. We are committed to the objectives of Broad Based Black Economic Empowerment (BBBEE) and we endeavour to explicitly integrate the tenets in our business. We have made meaningful organisational changes to embrace the spirit of BBBEE, including forming a BEE committee that will continue to track and measure our metrics.

Redefine BBBEE Certificate:
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