What is Hulamin’s Black Economic Empowerment (BEE) status?
Hulamin recognises that BEE is a social and commercial imperative to the long-term development and sustainability of the South African economy and the Hulamin business. To date, Hulamin has focused its efforts on human resource development, preferential procurement, skills development, enterprise development and corporate social investment. This is evidenced by Hulamin’ s enviable track record, with examples such as its employment equity profile, where 52% of senior managers are black with combined average experience of 15 years in the business. Furthering its commitment to meaningful and sustainable transformation, Hulamin has concluded agreements which has facilitated the acquisition of an effective 15% interest in Hulamin by its BEE partners. Hulamin intends to achieve a BEE rating, which is in line with the guidelines issued by the DTI in the BEE Codes. Hulamin’s BEE partners are introduced in the Investor Relations section of the Hulamin website.
