Atio Corporation and BEE Contined..
Posted by Daniel Makhura on 1 November 2017 10:35 AM SAST
More information about the above
Shareholding and B-BBEE, striving to impact positively on previously disadvantaged South Africans.
We have proven our commitment to transformation by meeting or exceeding scorecard expectations with our previously disadvantaged staff community of more than 50% (Nov 2016). ATIO is committed to the ongoing training and development of our staff and the creation of business opportunities with small, medium and micro enterprises.
We believe successful businesses are made up of outstanding individuals, which is why we invest significantly in the ongoing training of our employees. With the constantly changing technological landscape, it is essential that ATIO's employees stay ahead of the pack by attending courses and seminars, both internally and externally. We also strive to ensure that at least 65% of our management development programmes are attended by previously disadvantaged South Africans. At ATIO, training and development is not an obligation, it's an investment.
ATIO has successfully established a viable base of suppliers from previously disadvantaged communities and is committed to maximising procurement from black enterprises. Currently 59% of our procurement of non-stock items is from black-empowered suppliers. As South Africa grows and thrives, so ATIO plays its part in ensuring that there is enough reward to be enjoyed by everyone. We see the future as a warm and sunny place with enough room for all.
FAVOURABLE PAYMENT TERMS
In terms of our Preferential Procurement and Enterprise Development policies, which are aligned to statements 500 and 600 of the B-BBEE ICT Sector Codes, ATIO Corporation has implemented favourable payment terms in favour of Small, Medium, and Micro Enterprises (SMME) categorised as follows:
Businesses which are at least 50.1% owned by black persons
Businesses which are at least 25.1% owned by black women
Businesses with at least 5% shareholding held by black persons with disabilities.