Omnia achieves level 5 BBBEE status
- Published: Wednesday, 19 May 2010 07:00
OMNIA ACHIEVES LEVEL 5 B-BBEE STATUS
Omnia has completed its FY2009 BBBEE formal verification and it has, in line with its strategy, achieved a Level 5 status with an overall score of 58.42 in terms of the DTI BBBEE Codes of Good Practice. Omnia’s verification was conducted by Empowerdex, a SANAS accredited verification agency.
A Level 5 status affords a BBBEE procurement recognition of 80% for customers of the Omnia Group.
Omnia performed well with skills development, enterprise development and socio-economic development, having exceeded some of the targets set by the Codes in these categories. This is a reflection of the Group’s focus in developing employees and communities and addressing the skills challenge faced by the Group. The Group has also done well in preferential procurement.
Simultaneously, Omnia participated in the Financial Mail / Empowerdex survey for 2010 and based on our more recent information, although not tested to a degree as is done during a formal verification, achieved a score of 63.74 and is ranked 59th overall in the Top 100 Empowerment Companies index in South Africa by Financial Mail. The index was published in the publication of the 29th of April 2010.