BEE

BEE Overview

Sentech BBBEE policies and procedures are firmly entrenched in the overall BBBEE strategy as defined in the Codes of Good Practice. In terms of the strategy, BBBEE is defined as: “An integrated and coherent socioeconomic process that directly contributes to the economic transformation of South Africa and brings about significant increases in the numbers of black people that manage, own and control the country’s economy, as well as significant decreases in income inequalities.”

Part of pursuing this strategy entails ensuring that Sentech remains relevant, as a South African company that is sensitive to and promotes the transformation needs of this country. As an organ of the state, Sentech continues to engage in different and ongoing initiatives specifically designed to attract and support meaningful participation of BBBEE compliant individuals and enterprises as well as adherence to triple bottom-line accountability and fair labour practices through employment equity, skills development and CSI interventions.

Affirmative Procurement

At Sentech we’ve instituted a number of progressive procurement policies and procedures specifically designed to attract meaningful participation from the Previously Disadvantaged Groups (PDIs), such as:

• Unconditional support from senior executives of Sentech, who have assumed and taken a leading role in this initiative
• Directing our indirect procurement spend to BBBEE and Small Medium and Micro Enterprises (SMMEs)
• Developing a supplier data base of accredited and preferred suppliers
• Leveraging our procurement spend by consolidating requirements for a better purchasing power
• Introducing favourable payment methods to BBBEE and SMMEs for their permanent success

Our goal is to create an environment within Sentech where these individuals enjoy preference in term of the supply of goods and services in all spheres of our supply chain.

To this end, we commit ourselves to doing business with BBBEE companies whose profile meets o­ne or all of the following criteria:

• Meaningful black shareholder control and participation within supplier companies without recourse to artificial ownership structures
• A shareholding and equity participation structure that represents empowerment interests
• Governance systems and processes that integrate empowerment objectives at all tiers of the company management
• Management and staff racial and gender composition that reflects true South African demographics
• Continuous development of skills and management capacity through training and succession planning

Equity Ownership

Public institutions and other wholly-owned State entities cannot be evaluated on Black Ownership in terms of the BBBEE Scorecard.