As a provider of professional services, Aurecon is not a capital-intensive operation, therefore the bulk of its procurement spend encompasses the procurement of intellectual capital from contract workers and/or sub-consultants on a project-to-project basis.
In this regard, we maintain a policy of increasing our procurement with Black suppliers and especially Black-owned entities.
Currently,66.82% of Aurecon’s procurement spend is on BBBEE compliant suppliers and service providers.
In our FY17 BBBEE verification audit we achieved:
Overall BEE Procurement spend of 66.82%
Procurement spend from Qualifying Small Enterprises (ZAR10 million to ZAR 50 million turnover per year) was 17.93%, exceeding the target of 15%
Exempt Micro Enterprises (up to ZAR10 million turnover per year) was 14.73% which is below the target of 15%
Procurement spend from 51% black owned businesses was 22.35%
Procurement spend from 30% black female owned business was 10.27%