Open-source audit completed in South Africa region

09.12.2005

'It is heartening to see that 13 percent of companies are 100 percent black-owned and a further 19 percent meet current BEE compliancy.

"A large number of the remaining companies indicated that they were actively pursuing empowerment initiatives and many expected to meet criteria in the next 24 months,' explains Molosiwa.

One real cause for concern was the low number of respondents who have learnership programs in place - only 12 percent.