Aurecon is committed to the implementation of Broad-Based Black Economic Empowerment (BBBEE) within its South African operations and has been verified as a Level 2 Contributor to BBBEE.
BBBEE is a South African Government initiative. This initiative aims to facilitate the development and participation of all previously disadvantaged individuals, broadening the country’s economic base and stimulating economic growth and employment.
Aurecon’s BBBEE initiatives are aligned with the Construction Sector Codes; which is also a promulgated Codes of Good Practice. These initiatives focus on the ongoing transformation of equity ownership, management control and employment equity within Aurecon. A further focus is human resource development, with the emphasis on bursaries, experiential training, technical training and mentorship. In addition, Aurecon accelerates the development of local Black-owned companies through targeted preferential procurement and enterprise development. Investing into communities via numerous socio-economic development initiatives, too, is a key area of focus.
With a procurement recognition level of 125 per cent, clients may claim any Aurecon fees incurred as BBBEE spend at the same level towards their own BBBEE certification. Furthermore, the group has been assessed as a Value Adding Vendor, which means that the fees claimed as BBBEE spend can further be enhanced by a factor of 1.10.
Aurecon has been named one of South Africa’s top empowered companies.