FOR the second consecutive year, the Cape Town International Convention Centre (CTICC) has been awarded a Level 2 BBBEE contributor rating, attesting to its status as an industry leader in terms of sustainability in the meetings and events industry.
“The accreditation represents the seriousness of CTICC’s intent in investing in and developing its people, embracing the broad-based approach to wealth creation and participation of previously disadvantaged individuals in the mainstream economy”, says Rashid Toefy, chief executive officer of CTICC.
Since inception, one of the core tenets of the centre has been to contribute to small business enterprise development in addition to promoting economic growth and job creation in the province. The centre has always recognised that small and medium enterprises have a key role to play in the socio-economic development of the entire country. As such, the CTICC makes every effort to partner with local suppliers for the procurement of goods and services.
In the last financial year more than 73 per cent of the CTICC’s total procurement spend was with BEE suppliers and 37 per cent of the total number of tenders awarded by the centre, went to suppliers, who could demonstrate a 50% or higher black ownership. More than 30 per centof these were also awarded to women owned businesses, demonstrating once again the centre’s commitment to the economic transformation of the South African business landscape.
“We are committed to playing a leading role in developing the country, its people and its economy. Our participation in the BBBEE process is but one aspect of our operations as we also lead in sustainability and environmental initiatives in our industry,” Mr Toefy said.
Through effective business partnerships with its suppliers and service providers the CTICC is affording these Small Micro Medium Enterprises (SMMEs) the opportunity to develop into sustainable and highly successful businesses.
“It is our commitment to service excellence, together with our investment in our people and commitment to enterprise development that has led to the CTICC garnering global recognition for its commitment to transforming the meetings and events industry to a sustainable one,” Mr Toefy concluded.