BMG Attains level 5 BEE Status (Aug 2009)
BMG – Bearing Man Group – has successfully enhanced its certification as a Broad-Based BEE level six contributor to a level five contributor.
“The R116-million BEE shareholding deal with aloeCap Limited 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.
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