Aberdare Cables Achieves Level 2 BBBEE Status
OREANDA-NEWS. Aberdare Cables, a Powertech company within the JSE-listed Altron Group, has achieved Level 2 Broad Based Black Economic Empowerment (BBBEE) status; attesting to its position as a leader in the South African cable industry. The accreditation represents Aberdare's commitment to economic transformation, enterprise development, wealth creation and the broad principles embodied in the BBBEE framework. Under the preferential procurement allowance, Aberdare customers will also be able to claim 125 % of their purchases for their BBBEE scorecards.
Aberdare believes firmly in investing in its people and views education, training and development as the pillars of economic productivity, and crucial to empowering dedicated employees. The company actively promotes and follows a number of training programmes, including adult education and learnerships and provides formal educational assistance. In addition, the organisation has championed various social investment initiatives across South Africa; driving the socio-economic development of the communities in which it operates.
Aberdare will continue to focus on extending its BBBEE in practical, measurable and meaningful ways, ensuring that South Africa remains self-sufficient in the manufacture of products essential to the maintenance, development and expansion of critical power generation, transmission and distribution infrastructures.
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