Transform SA Online is informed that Media24 has significantly increased its broad-based black economic empowerment (B-BBEE) scorecard from 77.98 to 80.55, the company said in a statement.
In a press statement, the media giant says it has retained its level 3 status with a total procurement recognition level of 137.5%. It is the highest score ever achieved by the SA print media company.
“We are extremely proud of this achievement. We take transformation very seriously and the improvement of our scorecard over the years is evidence of our commitment,” comments Media24 CEO, Esmaré Weideman.
The company has also obtained full points for ownership, management and control and enterprise development elements. Its management and control score has improved from 8.75 to 9.27. The preferential procurement has improved from 17.41 to 18.12, employment equity improved from 2.40 to 2.56, and skills development improved from 9.42 to 10.60.
