Point is pleased to announce that as of June 2018, the South African operating company has a Level 2 B-BBEE rating.
As a generic company in terms of the regulations, Point has achieved Level 2 Contributor status with 51% Black Ownership and a B-BBEE procurement recognition level of 125%.
Managing Director, Anthony Swart, explained the team’s dedication in achieving the status, “We work persistently to ensure that we meet B-BBEE requirements and that our business evolves with the South African landscape.”
This follows from a new B-BBEE shareholding transaction that was completed in early 2018.
Point continues to support all partners and suppliers in transforming and aligning to B-BBEE requirements. Commitment to ongoing supplier development ensures compliance and improvements which ultimately contributes to Point’s own as well as South African clients’ business goals.