Bearing Man Group (BMG) has enhanced its certification as a broad-based black economic-
empowerment (BBBEE) level 6 contributor to achieve recognition as a level 5 contributor.

“This accredited status level means BMG has a BBBEE procurement recognition level of 80%. In essence, customers can recognise 80% of their expenditure with BMG towards their own preferential procurement spend in their scorecards,” says BMG sales
director Ian King.

BMG is a subsidiary of Invicta Holdings.

“The R116-million BEE shareholding deal with aloeCap and the Humulani Investments Share Incentive Trust was a crucial milestone in BMG’s journey towards successful black participation in our group. 
“It provides exciting opportunities that stimulate future growth of our business to the benefit 
of customers, stakeholders and staff.


“The group is also committed to finding new opportunities to partner and develop entrepreneurs in areas that will enhance BMG’s position in the industrial sector.”

BMG’s BEE partnership 
encompasses a commitment to increased preferred procurement, training and skills development, as well as enterprise advancements, to ensure a continuous improvement in the group’s BEE rating under the BEE codes.