Business Connexion (BCX) has moved up from seventh position last year to fourth in 2014 in the ICT chart, Most Empowered ICT Companies, as published by the Empowerdex Top 100 Empowered Companies Survey. BCX has an impressive score of 85.16 points, almost eight points up from 77.77 points in 2013.
It is significant to mention that some of BCX’s major competitors ranked above them last year are now ranked below them.
Over the past three consecutive years, BCX achieved impressive scores in the four critical elements of the B-BBEE scorecard – ownership (80%), preferential procurement (87%), enterprise development (100%) and socio-economic development (100%). BCX showed a huge improvement in skills development – achieving 65% of the available 17 points, up from 27% in 2013.
“This is a positive progression in our efforts to ensure that BCX contributes to the sector in which we operate and the society at large. For us transformation is much more than scorecards and numbers, it’s our commitment to share the opportunities, wealth and knowledge the ICT sector has to offer,” says Isaac Mophatlane, CEO of Business Connexion Group.
The survey placed BCX as the 24th most empowered company in the overall B-BBEE ranking, up from 51 in 2013.
The new B-BBEE codes gazetted for implementation from May 2015 set challenging targets and recognition levels.
“Although these legislative changes will have a pronounced impact on the current B-BBEE levels and rankings of many companies, including Business Connexion’s, we are committed to the transformation agenda of our country,” says Mophatlane.
To this end, the executive management team is presently crafting a strategic roadmap that seeks to align the BCX transformation programme with the latest regulatory changes. The key deliverables of the BCX transformation strategy include aligning BCX policies and strategies with all new relevant legislations, improving the employment equity score and striving to retain level 2 B-BBEE rating.
