BEE and its implementation at ICS.
Black Economic Empowerment (BEE) is a government initiative aimed at increasing equity and uplifting black business owners, stakeholders and employees. BEE is the process by which previously disadvantaged South Africans are empowered through the transfer of ownership. Compliance with BEE principles are regulated by Codes, which provide details on how BEE should be implemented. Whilst we at ICS subscribe to best-of-breed operations, standards and world class quality and take pride in serving high profile customers, ICS is still a family owned business. Economic inclusive transformation is something we support wholeheartedly and embrace that this is a mechanism for sustained commercial change and growth, but doing the RIGHT thing, is non-negotiable. WE are in the process of evaluating equity partners and setting up an employee benefit scheme.
Contact Claudia Coetzer, MD of ICS personally for a copy of our Transformation Plan.