EOH, a leading technology outsourcing and managed services company, increased its Broad-based Black Economic Empowerment (BBBEE) rating from Large Enterprise Level 3 to Large Enterprise Level 2 contributor.
This shows a huge commitment to BBBEE and is underpinned by the following statistics:
Black Ownership - 34.62%
Board Representation - 60% Black
Employment Equity - 59% Black
BEE Procurement Recognition - 156%
Skills Development - Variety of Programmes
Enterprise Development - 6% of NPAT
On the social investment front, EOH is involved in maths and science improvement projects in many schools; people upliftment programmes; and many other initiatives aimed at breaking the cycle of poverty.
"At EOH, we are proud and view this achievement as being both good for the economic growth of our country and the upliftment of previously disadvantaged people. Economic stability is critical to South Africa and EOH believes that companies in South Africa must contribute to our economy over and above the normal course of doing business," says Pumeza Bam, EOH HR Director.
EOH recognises that one of the biggest problems facing South Africa is youth unemployment. To that effect, EOH has launched the "EOH job creation initiative" aimed at engaging its blue chip customers, business partners and government to devise ways to stimulate job creation.
"EOH itself has recruited 620 learners and interns, which account for about 15% of our permanent workforce. Through sharing these and other experiences, we believe we can have an impact on South Africa's youth unemployment problem," continues Bam.
"EOH is committed to skills development, and with over 5 000 people in all major locations in South Africa, we believe we have done a lot and realise we have a lot more to do."
Over the past year, EOH has grown all areas of its business and views business growth as the dominant catalyst in solving unemployment and other societal ills.
"The technology market is a growing market, and with our leading outsourcing, cloud services and application skills, we see ourselves continuing to grow substantially, and in the journey developing and nurturing a much bigger skills base," concludes Bam.
Share