LFP Group Applauds President’s Call for Private Sector to Upscale its B-BBEE Agenda
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Leading a meeting at the Black Business Council last week, President Cyril Ramaphosa called on the private sector to ‘play ball’ by upscaling its B-BBEE agenda. He noted the slow pace of transformation in the workplace and urged businesses to view B-BBEE policies as a means to achieving succession, skills transfer, mentoring and training.
As the country’s leading provider of integrated transformation solutions, LFP Group’s Commercial Director, Nthabiseng Phoshoko supports this notion and believes that changing perceptions around compliance is critical to our country’s success.
She further echoes the President’s speech by stating “Our transformative agenda cannot succeed unless we work together to broaden the participation of all South Africans in our economy.”
Nthabiseng urges corporate SA to rethink their perception of BEE as a ‘grudge purchase’ and instead view compliance as a way to heal the divisions of this nation’s past. “We need to come together by empowering the most disadvantaged citizens of our country, and transformation solutions are truly the most effective way to achieve this.”
The government’s zero tolerance policy is underpinned by the new B-BBEE Code Amendments which come into effect in just two days. “All companies will be audited against the new Codes effective from 01 December 2019” Nthabiseng concludes.
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