Tongaat Hulett

  • Amanzimnyama Hill Road
  • Tongaat, Kwa Zulu Natal
  • 4400
  • SOUTH AFRICA
  • +27 32 439 4000
PUBLIC PROFILE

Tongaat Hullett and BEE

Posted by Daniel Makhura on 13 October 2017 1:30 PM SAST
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Tongaat Hulett has maintained its current Level 4 B-BBEE
rating, and will continue striving to improve this result. The
draft Agricultural (AgriBEE) Sector Codes were released for
public comment in October 2015 and are expected to be
gazetted during the course of 2017. The Property Sector Codes
were gazetted on 9 June 2017, the draft of which had been
released for public comment in November 2015. The increased
compliance levels and introduction of priority elements in
the draft revised AgriBEE Sector Codes and the new Property
Sector Codes have placed greater emphasis on ownership, skills
development as well as enterprise and supplier development
(ESD).
In conjunction with government’s call for a quicker pace and
intensive action on economic transformation, the business
is executing on an innovative ESD strategy, with the aim of
diversifying the supplier base with special focus on localization.
There are targeted efforts to support small, medium and micro
sized enterprises (SMMEs), while prioritising black-owned and
black women-owned enterprises through various initiatives
such as preferential payment terms, innovative financing
options on land sales, encouragement of joint ventures
between large enterprises and exempt micro enterprises
(EMEs) and/or qualifying small enterprises (QSEs). There is
continuous engagement with B-BBEE non-compliant as well as
unrated suppliers, with an objective of helping these suppliers
transform their businesses and/or get the necessary verification
- to obtain the requisite B-BBEE certificates.

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