Isuzu Motors South Africa’s third broad-based black economic empowerment (B-BBEE) audit ended on a high note for the automotive manufacturer, with it attaining an automotive industry-leading level 1 on the scorecard for 2020.
This is a remarkable achievement, considering that Isuzu Motors South Africa was only launched in January 2018, says Billy Tom, newly-appointed chief executive officer and managing director of the company.
“We have embraced transformation as a business imperative and our new scorecard reflects the good business practices that we have implemented in support of this. We regard transformation as critical to ensuring the sustainability of our business, while at the same time it reflects our commitment to being part of the transformation of our country.”
According to Tom, it is important that transformation is adopted by businesses as a pragmatic growth strategy geared towards realizing the country’s full potential by bringing more South Africans into the economic mainstream. “Furthermore, to help drive this change, South Africans should support businesses that are actively contributing towards the transformation and growth of our local economy.”
Bu hikaye Finweek English dergisinin 13 August 2020 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Finweek English dergisinin 13 August 2020 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
THE HEALTH OF SA'S MEDICAL SCHEMES
As the Covid-19 pandemic abates, finweek takes a look at the financial performance of some of the largest players.
The effect of Gilbertson's departure
With Ntsimbintle Holdings now the major shareholder of Jupiter Mines, it could change SA’s manganese industry.
Making money from music
Why investors are increasingly drawn to the music industry.
Conviction is key
Sandy Rheeder plays a critical role in Mukuru’s mission to open up financial services to the emerging consumer market in Africa through tailor-made technology solutions and platforms.
The post-pandemic toolkit
How CFOs can use technology to support growth.
Big city living exodus
Mini cities like Waterfall City and Steyn City are redefining city-style apartment living.
Big compact, big value
Handsome, with a hefty level of standard specification, the roomy Haval Jolion compact crossover is a great value proposition.
On barriers to entry
There are various ways in which a company or sector can achieve competitive dominance. They usually make for good investments.
Fear and greed in one index
To buck the trend, when markets are hot or cold, is a tough thing to do. However, it can deliver solid returns.
Africa's largest data centre facility coming soon
Vantage Data Centers plans to invest over R15bn for its first African data centre facility in Attacq’s Waterfall City.