THE Durban International Convention Centre is proud to announce the significant improvement in the company’s Broad-Based Black Economic Empowerment status (B-BBEE) from a level seven contributor to level three contributor in 2013.
This improved rating is a result of a concerted effort on the part of the Durban ICC management to give effect to its transformation strategy which is aimed at supporting the local community when selecting suppliers and vendors as well as investing meaningfully in the development of its people. These efforts have resulted in 74 percent of the ICC’s expenditure going to black-owned businesses and an improvement of almost 400 per cent in the skills development element of the B-BBEE scorecard.
The Durban ICC implements its B-BBEE policies in line with government requirements and aims to contribute meaningfully to each transformation objective namely: direct empowerment through management control at a senior level; human resource development and employment equity; empowerment through preferential procurement; enterprise development and corporate social investment.
“B-BBEE is not only about compliance, but being committed to making a positive impact in the broader community in which we operate,” said Julie-May Ellingson, chief executive officer of Durban ICC.
“Our new rating sends a clear message to the market that we are committed to transformation in South Africa.” The bulk of the major long term contracts at the centre are also supplied by businesses with a B-BBEE level three or higher.
Notably, the Durban ICC scored 37 out of 40 points for preferential procurement and skills development, in addition to maintaining its strong socio-economic development figures. “The fact that we managed to improve our B-BBEE procurement recognition level by 71 per cent is a significant achievement and one that we are very proud of,” Ms Ellingson concluded.