The communication sector leads in black economic empowerment (BEE) compliance, according to the results of KPMG`s first annual broad-based BEE survey, released last week.
About 55% of communication companies surveyed answered "yes" to whether BEE compliance targets have been set, while other sectors scored 50% or less. Sectors that did not score at all include agricultural, catering and accommodation, wholesale/commercial agents and allied services.
The companies were analysed according to the standard industrial classification sectors as set down by the Department of Trade and Industry (DTI) in its Code of Good Practice, which classifies transport/storage and communications as one sector.
"Once the survey becomes better known and more companies participate, we will probably start splitting the industries in better defined areas," said Sandile Hlophe, associate director at KPMG.
The majority of the sample consisted of senior managers and directors, and a total of 298 companies responded.
Good balance
The communication sector showed a well-balanced score in both the 10-point element scores and the 20-point element scores of the BEE scorecard, as issued in the DTI`s code.
The 20-point elements include ownership, skills development and preferential procurement, and the industry scored above average in all areas, according to the results.
Grouped under the 10-point elements are management control, employment equity, enterprise development and corporate social investment. These areas were also more balanced for this industry, and it scored above average in all areas except employment equity.
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