Nestlé South Africa achieves Level 3 BBBEE certification

17th August 2020

By: Tasneem Bulbulia

Senior Contributing Editor Online

     

Font size: - +

Food and beverage producer Nestlé South Africa has received its Level 3 broad-based black economic empowerment (BBBEE) certification.

This rating was attained after a thorough verification process by Mazars – the South African National Accreditation System (Sanas) accredited rating agency.

The score is a two-level upward improvement from Nestlé's previous achievement of a Level 5 BBBEE certification.

"Research indicates that most multinationals that are operating in South Africa struggle to either comply or even attain higher levels when it comes to transformational initiatives around BBBEE," the company notes.

“To demonstrate our commitments, in 2019, we invested over R1.4-billion towards the BBBEE procurement spend by empowering black suppliers and, in turn, creating jobs through various enterprise development initiatives. 

This figure included investments of R52-million to support emerging black farmers through our dairy projects in the Eastern and Western Cape, as well as incremental spend of R100-million on black rural development projects across the country,” says Nestlé East and Southern Africa chairperson and MD Bruno Olierhoek.

Reflecting on Nestlé’s transformation journey in South Africa, he emphasises that the company's improved rating has spurred it towards continuing to drive enterprise and socioeconomic development strategies as these are aligned with its organisational business principles.

“A business thrives when it has a healthy, diverse and engaged workforce that reflects society.  We will continue driving youth and women empowerment programmes, upskilling initiatives and strengthening relationships we have built with our suppliers and partners; not only in South Africa but across our region.”

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

The content you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION