For six years, Samsung has maintained its level 1 B-BBEE status for the past six years. This stands as a true testament to Samsung’s 30 year long commitment to the country’s transforming agenda.
With this achievement, it is evident that Samsung has placed itself in a firm position as to remain a strong supporter of economic transformation within South Africa and its economy. When looking at B-BBEE level rating, it is a reflection of how compliant an organization is with key pillars such as ownership through EEIP (Equity Equivalent Programmes for Multinationals), Management control, Employment Equity & Skills Development, as well as Socio-Economic Development.
Samsung continues to strive towards these goals by focusing on black talent in the through funding such as preferential loans and grants. These empowering efforts primarily have a strong focus on SME development.
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