AJ Personnel for jobs and professional personnel placements.
 

 


Before looking at Sizwe Recruitment and Training Services' empowerment status, we would like to include the following definitions:

According to the BEE Committee's Final Report of 2001, the definition of a "black company" is:

"A black company is one that is 50.1% owned and managed by black people. Ownership refers to economic interest. Management refers to executive directors. The black company should receive an "A" rating for Accreditation purposes."

The definition of "Black people" according to the Broad-Based Black Economic Empowerment Act, 53 of 2003 is:

"Black people is a generic term, which means Africans, Coloureds and Indians."

Ownership: Sizwe Recruitment and Training Services is 51% owned by black people and is therefore, by definition, a black company. Current negotiations will increase black shareholding even further. 

Control: The empowered shareholding is reflected in management throughout the company. In situations where these representations are not yet in place, the company will commit management to implement targets for the achievement thereof, taking into consideration the continuous profitability and stability in these investments.

[ top of page ]


 © Copyright 2002-2010 AJ Personnel. All rights reserved.
  Built by Lizette, aided by Working Webs