Stefanutti Stocks is committed to the process of broad-based black economic empowerment (B-BBEE), and its implementation within its operations. The broad-based nature of empowerment in South Africa presents an effective solution to addressing historical economic and social inequalities, and to this end, we support the B-BBEE Act and the Codes of Good Practice for B-BBEE.
We actively engage with the Construction Sector Charter Council via industry bodies to align the Construction Sector Charter Codes (Construction Codes) to the Amended Codes of Good Practice gazetted by the DTI on 11 October 2013. The methodology of future verification is uncertain due to the Construction Codes having been repealed. While this does not detract from the objectives of transformation it has made the setting of goals and targets difficult.
As a responsible corporate citizen we support real transformation and have achieved a "Level Three" rating in terms of contribution to broad-based black economic empowerment.