Our B-BBEE Status

Broad-Based Black Economic Empowerment


Broad-Based Black Economic Empowerment (B-BBEE) is a specific government policy to advance economic transformation and enhance the economic participation of previously disadvantaged people in the South African economy. The vision of the BEE system is to work towards ensuring that the South African economy is restructured, to enable the meaningful participation of previously disadvantaged people, particularly in rural or under-developed communities in the mainstream economy, in a method that has a positive influence on employment, income redistribution and economic growth. This is done through equity and enablement policies and strategic interventions.

Consol’s rich South African history is one of vision and transformation, not just for product advancement and evolution, but most importantly for our people. Consol is committed to ensuring that all people of South Africa are given the opportunity to reach their potential and contribute to our growing economy, for the benefit of themselves, their families and South Africa as a whole. That’s why we wholeheartedly support B-BBEE.  

As a company, Consol has a Level 4 Contributor Status against the Revised Codes of Good Practice, as rated by Empowerdex, an accredited Economic Empowerment Rating Agency. Consol is also certified as an "Empowering Supplier”. As an Empowering Supplier, our valued customers are able to claim their procurement spend on Consol towards their Enterprise and Supplier Development scorecard.

Passionate about our role, we as Consol will continue to lead the way in empowerment and transformational objectives to make a difference to the lives of South Africans nationwide.

 


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