AstroTech is committed to equal opportunity, transparency and fair business practice.
On 21 September 2009 it was re-certified as a level 1 contributor (135%) in terms of its Broad Based Black Economic Empowerment scorecard rating.
In terms of the 2003 Black Economic Empowerment Act, “black” is a person who is African, coloured or Indian. In the code a person also has to be a South African citizen by birth or naturalization as at 27 April 1994. In terms of BEE, companies have to comply with a generic scorecard directed toward ownership, skills development and preferential procurement
With an annual
turnover of between R5 million and R35 million,
AstroTech needed to complete the Qualifying Small
Enterprises scorecard. There are eight levels with
respect to BBBEE of which one is the best and eight the
lowest. To score level one, you need 100 out of 100
points which AstroTech achieved.
There are seven criteria against which BBBEE is scored
of which a company needs to select four categories. Each
category has 25 points associated with it. The seven
categories include: ownership, management control,
employment equity, skills development, preferential
procurement, enterprise development and socio-economic
development initiatives.
The categories that AstroTech selected and the points it
was awarded are:
* Employment Equity (25/27)
* Skills Development (25/25)
* Enterprise Development (25/25)
* Socio-Economic Development (25/25)
Part of AstroTech’s BBBEE programme has included
providing discounted course prices to previously
disadvantaged individuals as well as making a
substantial donation to AIDS orphanage and Hospice,
Cotlands as well as to the literacy and school
development programme of Rally to Read.
