NEDA Engineering Group is committed to the implementation of Broad-Based Black Economic Empowerment (B-BBEE) within its South African operations.
B-BBEE is a South African Government initiative driven by the Department of Trade and Industry (dti) . This initiative's aim is to facilitate the development of previously disadvantaged individuals and groups, by broadening the country’s economic base thereby stimulating economic growth and employment.
NEDA’s B-BBEE initiatives are aligned with the relevant Sector Codes which is also a promulgated DTI Code of Good Practice.
These initiatives focus on transformation of equity ownership, management control and employment equity within the NEDA Group.
In addition NEDA supports Black-owned companies wherever possible through its preferential procurement and enterprise development policy.
A further focus area is our internal technical training, development and mentorship programs for advancement of previously disadvantaged individuals.
Our latest initative has been the formation of SNMI, which is a fully fledged Division within the NEDA Engineering Group and has been structured with a majority black shareholding.
SNMI has been verified as Level 2 Contributor to B-BBEE.