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Article: Company's BEE status attracts new business.(Network)
- Article from:
- The Mercury (South Africa)
- Article date:
- October 22, 2008
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BYLINE: NETWORK REPORTER
THE Durban-headquartered subsidiary of Invicta Holdings, BMG (formerly Bearing Man Group), has recently achieved a level-six black economic empowerment certification and is committed to obtaining level-five accreditation in 2009.
"The fact that BMG is now BEE-accredited at this level, has attracted additional international supply sources of engineering components to the group," said Charles Walters, BMG's chief executive officer.
"This level of accreditation . . . makes it more attractive for customers to buy from us. Level-six BEE certification means customers can claim 50% of their BEE spend while at level-five ...