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Broad-Based Black Economic Empowerment (BBBEE) Policy

South Africa’s first democratic government was elected in 1994 with a clear mandate to redress the inequalities of the past in every sphere: political, social and economic. In 2003, the Broad-Based Black Economic Empowerment (B-BBEE) strategy was published as a precursor to the B-BBEE Act, No. 53 of 2003. The fundamental objective of the Act is to advance economic transformation and enhance the participation of previously disadvantaged groups in the South African economy (DTI , 2014).

Recordi Enterprises Holdings recognises Black Economic Empowerment as a business, legal and social imperative, vital for the long-term prosperity of our organisation and the South African economy at large. We are therefore committed to a process of progressive transformation, aimed at the involvement of previously disadvantaged people in all aspects of our business – as Shareholders, Directors, Employees, Suppliers and Customers. Recordi is a Level 1 BBBEE Contributor.

Our Governance Framework

Recordi Enterprises Holdings’ Governance is essentially about effective leadership. Therefore, the leadership directing company strategies and operations  with a view to achieve sustainable economic, social and environmental performance.

The robust view Recordi Enterprises Holdings holds with regards to Governance, instills an imperative sense of responsible leadership
that is transparent, answerable, compliant and accountable towards the organisations stakeholders. Our methodology of governance extends further to ensure that there is alignment of the interests of the organisation, key stakeholders, and society at large.

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