Broad-based black economic empowerment (B-BBEE)
G4S approach to developing effective empowerment models
In terms of B-BBEE, G4S has innovative empowerment models for all our South African businesses, which cater for both the Company’s own requirements, as well as the inclusion of broad-based empowerment component through Staff Trusts.
We understand the importance of black empowerment in our country and have diligently searched for the most reputable and trusted empowerment partners who are highly-regarded business people with solid development capabilities. G4S utilizes registered B-BBEE rating agencies to accredit our businesses, and G4S Secure Solutions (SA) is a proud Level 3 contributor.
G4S Empowerment Ventures (SA) (Pty) Ltd is the product of a joint venture between G4S Secure Solutions (SA) and respected local businessman Wiseman Magasela, creating an empowered merging of formidable resources with local business acumen. Our partnership combines global standards with local expertise and underpins the G4S drive for sustainability.
With a level 3 B-BBEE accreditation, the JV carries a 51% legal BEE ownership and a 33% direct ownership.
G4S Empowerment Ventures meets customer demands for a complete security solution with flexible combinations of manned and electronic security elements. The service model is built on a broad range of specialist services, combined with our comprehensive geographic reach which allows us to provide customers with a unique approach.
G4S has for the past four consecutive years, been recognized as one of South Africa’s Top Empowerment Companies, through our successful meeting of Impumelelo’s stringent criteria. We are also the proud recipient of the 2010 Impumelelo Empowerment Excellence Award.