Marang Credit Solution (Pty) Ltd (hereinafter referred to as “Marang”) has improved its Level 3 BBBEE rating for the year of 2011 to an outstanding Level 1 BBBEE. An independent firm measured Marang in terms of the BBBEE Act Codes of Good Conduct.
Marang is committed to Broad Based Black Economic Empowerment (BBBEE) as laid out in the DTi’s Code of Good Practice on Black Economic Empowerment.
This improvement in BEE status, from the previous Level 3 rating in 2011, reflects Marang’s commitment to South Africanise the company. Pres Zuma said: “We need black economic empowerment to address the monopoly domination of our economy, which remains an obstacle to the goals of economic transformation, growth and development”.
As a responsible corporate citizen, Marang supports the government’s quest to redress past imbalances and ensure broader participation of black people in the economy, in order to achieve sustainable development and grow each member of South Africa to their full potential.
The Level 1 rating adds tremendous value to Marang, as BEE compliance is important to all our clients when choosing a business partner or supplier. Being a Level 1 contributor means that our clients can claim 135% of all invoices generated by Marang for BBBEE procurement.
Marang remains committed to black economic empowerment through its corporate social investment, skills development and enterprise development initiatives in 2012.