Strate is pleased to have maintained its Broad-Based Black Economic Empowerment (B-BBEE) rating of a Level 3 after it was measured against the Financial Sector Charter (FSC).
In the 2015 B-BBEE Audit, Strate received an overall recognition level of 137.50%. The score was based on Strate’s 2014 Audited Financial Statements.
As from 1 January 2014, Strate complied with the binding industry-specific codes within the Financial Sector Charter (FSC) that were gazetted under Section 9(1) of the Act. These take precedence over any other codes, such as the Codes of Good Practice (CoGP).
Strate continues to achieve good results by meeting most of the B-BBEE targets through new programmes and a sound understanding of the principles that drive transformation. During 2015, Strate will align itself with all the new B-BBEE Act requirements and implement best practice solutions once approved by the Board of Directors.
To view its new B-BBEE certificate, click here.