Broad Based Black Economic Empowerment (BBBEE)

Vision

Jet Demolition (Pty) Ltd believes that B-BBEE is a component of the broader transformation imperative in our country and that the province of a sustainable business is to understand the moment we are in and the forces that shape the behaviour of our customers.  Our view is that transformation and overall business strategy go hand-in-hand.

 

Our Broad-Based Black Economic Empowerment Strategy for 2016 / 2017

Jet Demolition has always taken a bona fide, honest and transparent approach to B-BBEE. Through our efforts, especially in Enterprise Development, Socio-Economic Development and Skills Development we have made genuine and meaningful contributions to South African society and this is core to the objectives of B-BBEE.

 

The DTI Codes of Practice have changed effective 2016. To meet the new requirements of the DTI Codes B-BBEE codes, we are restructuring our Company to include:

» A minimum of 25.1% Black Ownership; and

» Black Management.

 

It is critical to the future viability of our company that we obtain a meaningful and workable Black Ownership and Management structure. We engaged a specialist in selling private companies in October 2014 to facilitate equity transfer to a Black Owned Company. While this process takes much time and effort, we anticipate implementing our new structure before the end of 2016 at which time our next

B-BBEE audit will be conducted.

 

As a Generic (Large) Entity we will measure our B-BBEE efforts against the pillars of the Generic Scorecard:
» Ownership
» Management Control
» Employment Equity
» Skills Development
» Preferential Procurement
» Enterprise and Supplier Development
» Socio-economic Development

 

Monthly Socio-Economic Development Beneficiaries

The Gateway School
The Gateway School is a leading school for learners with special educational needs dedicated to preparing learners to live a dignified life and assisting them to reach their full potential. Their aim is to equip each learner with skills, knowledge and a high set of values which include commitment, motivation, confidence, courage, respect and responsibility.

Sparrow Rainbow Village
Sparrow Rainbow Village offers dedicated care for people who are HIV positive. They manage a children’s home and hospice, caring for the homeless and HIV/AIDS infected and affected patients, who have been rejected by those around them, as well as people within the communities.

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