Tue, 9 Aug 2022
22.7 C

BBEE Level 3 status for machine moving firm

Home Transport & Logistics Materials Handling BBEE Level 3 status for machine moving firm

REGISTERED auditors MSCT BEE Services has awarded rigging company Lovemore Bros with Level 3 broad-based black economic empowerment (BBBEE) status.

Joint CEO Rob Lovemore said the accreditation, achieved thanks to the company’s association with black-owned development specialist company Engeli, means customers can obtain more value out of their procurement spend when contracting the company to undertake its heavy machinery work.

A 51% black-owned company, Engeli has various related accreditations including being duly accredited as a black private equity fund manager under the Amended BBBEE Codes of Good Practise and a registered financial services provider with the Financial Sector Coduct Authority (FSCA). The company is also 46.4% black-women owned and a Level 2 contributor.

“Engeli incorporates BBBEE best practice to deliver a synergistic approach necessary to grow and sustain businesses in support of wealth and job creation.”

Lovemore said Lovemore Bros, with offices in Durban, Richards Bay and Johannesburg, offers clients “substantial operating capacity” via its crane truck and low bed fleet and its warehousing infrastructure.

“Level 3 rating will also benefit companies conducting business with Lovemore Bros including active participation in the government’s preferential procurement policy, qualifying for government tender contracts and a competitive edge in the industry.”

Most Popular

Acquisition of Sunshine Bakery by RCL Foods

RCL Foods has concluded an agreement for the acquisition of Sunshine Bakery Holdings Proprietary Limited, a Company indirectly majority-owned by AFGRI Group Holdings. Established in...

Toyota opens R365-million warehouse

“I’m happy to report that the R365-million expansion of the Atlas Parts Warehouse, that kicked off two years ago, is now complete!,” says Andrew...

Reigniting economic growth through manufacturing

By Pragasen Moodley, Director, Key Account Management, Sage South Africa THIS year’s Manufacturing Indaba painted a picture of a dynamic industry powering South Africa into...

Outsourced steam production set to become the norm for businesses

IN recent years the demand for outsourced steam solutions has grown significantly as steam-reliant businesses continue to look for ways to reduce their costs,...