Thales South Africa Systems has transformed its shareholding to 51% black ownership, of which 30% are women-owned suppliers.
* Thales supports the transformation policies of South African government.
* Thales South Africa Systems has achieved a level 2 B-BBEE rating, with 51% black ownership (30% black women ownership).
Thales is pleased to announce that Thales South Africa Systems local empowerment ownership has been increased in South Africa, through the transformation of its shareholding to a 51% black and 30% black female South African ownership.
This transformation of ownership illustrates Thales’ commitment for a long-term partnership to support growth, value creation and jobs in South Africa.
Thales started its BEE transition in 2010 to support the growth strategy of the country and actively engage with the previously disadvantaged communities to contribute to the realisation of the full economic potential of South Africa.
With this new step, Thales confirms its support to the South African government transformation initiatives such as the Broad-Based Black Economic Empowerment Act.
Justice Tootla, CEO of Thales South Africa Systems, says: “We are excited to confirm that Thales South Africa Systems is now recognised as an empowering BEE level 2 company, with 51% black ownership, of which 30% are women-owned suppliers, since April 2016. These B-BBEE credentials will not only enable our clients to maximise their own BEE scoring, but is evidence of our commitment to transformation in South Africa.”