GIBB has been awarded a Level 2 BEE (Black Economic Empowerment) rating by Codex Ratings. According to Group CEO, Richard Vries, BBBEE is a critical imperative in the transformation in South Africa and GIBB embraces the spirit of this policy.
“The engineering sector is highly specialised with relatively scarce skills in the industry. To contribute to the growth and development, the company has made a concerted effort in the area of skills development,” says Vries. “The engineering sector is highly specialised with relatively scarce skills in the industry. To contribute to the growth and development, the company has made a concerted effort in the area of skills development,” says Vries.Areas of focus for GIBB include:
Ownership: 100% South African employee owned and managed company, with 67% allocated to black people, while 10% is in the hands of women.Management control: highly skilled and sophisticated management team who ensure that GIBB’s sustainable growth and profitability remain at the core of the company’s ethos.
Preferential procurement: makes a concerted effort in promoting emerging black-owned businesses through preferential procurement. All suppliers are strategically chosen to transform with the company and they encourage suppliers, where necessary. Corporate social investment: The well-being of its people and the communities in which it operates in, is a key driver in the business. The company engages with various initiatives and projects that help in community upliftment.