Press Room

IMPERIAL Logistics sets B-BBEE preferential procurement industry high

10 Feb 2012

Johannesburg, 10 February 2012 - IMPERIAL Logistics provides its clients with 137.5% B-BBEE preferential procurement recognition, the highest of all major Logistics Service Providers (LSPs) in southern Africa. This level of recognition is higher than that normally offered by a Level 1 Broad-Based Black Economic Empowerment (B-BBEE) rated company.

IMPERIAL Logistics Sustainability Director, Sibongile Zikalala says that the leading preferential procurement recognition level is due to the Group's continued classification as a Value Adding Supplier combined with its new Level 3 B-BBEE rating. "Value Adding classification," she explains "means that more than 25% of Group revenue is applied to add value to employees through payroll, to government through taxes and shareholders through profit."

IMPERIAL Logistics' latest B-BBEE scorecard is based on the Integrated Transport Sector B-BBEE Charter. "This Charter encompasses the supply chain, end-to-end through its sub-sector charters. These include aviation, forwarding and clearing, maritime transport and services industry, rail and road freight, representing the Logistics Service Industry comprehensively," she says.

IMPERIAL Logistics, she adds will continue to follow a growth strategy that prioritises the retention and creation of quality jobs. "We believe that we need to contribute to transformation in our industry. We are aligned to specific targets agreed on the Road Freight Sub-Sector Code and not merely the generic scorecard," says Zikalala.

During the 2011 financial year, IMPERIAL Logistics invested over R55 million on skills development. Seventy five percent of this spend was of on black employees and almost 25% on black females. This amount includes all direct and indirect training costs as per the B-BBEE verification guidelines, representing an investment of 3% of the total amount of remuneration (the National Skills Levy Fund leviable amount).