Transpaco views broad-based BEE as a business imperative.
In 2005 the group concluded a broad-based BEE transaction that resulted in CEPPWAWU Investments acquiring an effective 27% stake in the group. CEPPWAWU Investments is a wholly-owned subsidiary of The CEPPWAWU Development Trust, which in turn benefits the 70 000 members of CEPPWAWU including certain Transpaco staff. Transpaco has been independently rated by an accredited BEE agency and has achieved a Level 5 value added rating, enabling customers to claim 80% of their purchases from Transpaco as Preferential or Affirmative procurement.
In line with the changing codification of BBBEE Elements Transpaco is committed to making the necessary modifications. The company’s commitment to the furtherance of economic empowerment of previously disadvantaged community is considered a Business, Social and Patriotic Imperative. The accompanying challenges will be addressed to ensure that the BBBEE Scorecard reflects this commitment.