The BBBEE LEVEL 4 compliance by most insurers and Original Equipment Manufacturer (OEM’s), as intended under the old codes, was achievable should one be a Qualifying Small Enterprise (QSE).
Under the old QSE scorecard, we consistently maintained a level 1 score for a number of years until we achieved “large employer” status.
Currently we are a level 5 contributor to BBEE.
We are fully committed to transformation and are working hand in hand with the industry to implement a comprehensive strategy to ensure we remain compliant.
As a member of SAMBRA we are involved in a number of initiatives bringing about change and assisting businesses to understand, participate, and remain compliant to the new BBBEE Act.
SAMBRA actively participates in the Motor Transformation and Sustainability forum where all associations in the industry engage with SAIA (South African Insurance Association) and the Department of Trade and Industry (DTI) to find common ground on driving up standards by setting minimum standards in the industry, best practice, a transformation strategy and fair compensation for services rendered.