Ampaglas Plastics Group has successfully been audited by SANAS accredited company, Grant Thornton, securing the status of a level 3 Broad Based Black Economic Empowerment (B-BBEE) contributor. The new accreditation, which shows a marked improvement from the 2011 level four rating, is effective from 31 May 2012.
Ampaglas Plastics Group CEO Barry du Toit said, ‘The improvement in our rating is testament to the hard work undertaken by our team. We are very proud of the tangible results we have achieved and it is further confirmation of our commitment to being a responsible corporate citizen in South Africa.’
Notable achievements on the B-BBEE scorecard include the maximum scores for both enterprise and socio-economic development as well as a score of 12 out of a possible 15 for skills development. ‘A score we are most pleased about is the score of 18 out of a possible 20 for ownership. Our business is 36.31% black owned and 4.43% black woman owned, percentages we hope to grow in the future,’ said du Toit.
Du Toit says that Black Economic Empowerment is a key driver for growth of South Africa’s economy, and through their actions and resultant rating, the benefit is extended to customers of Ampaglas Plastics Group. ‘As a result of the level three rating, our customers are now able to recognise 110% of the value of their purchases at the Ampaglas Plastics Group in the calculation of their individual scorecards.’
‘Ampaglas Plastics Group is a proudly South African manufacturer, and today we can say that we are now easily the most empowered organisation in the plastics industry,’ added du Toit.