Elegant Fuel achieves level 2 B-BBEE accreditation

10 April 2019

Elegant Fuel’s ongoing commitment to empowerment received a boost today when the fuel wholesaler and distributor achieved level 2 broad-based black economic empowerment (B-BBEE) status.

“This is a huge affirmation for us given that empowerment has formed a cornerstone of Elegant’s business philosophy since we launched more than 10 years ago,” said director Ryno Strydom.

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Elements that the company was scored on include ownership, management control, skills development, enterprise and supplier development, and socioeconomic development.

With the fuel giant’s improved status comes a preferential procurement recognition of 125%. This means that every supplier receives an additional 25% on any spend with Elegant Fuel. When the supplier is audited for B-BBEE purposes, this higher total is acknowledged.

The company’s level 2 B-BBEE accreditation positions Elegant in a more favourable position to do business within the industry.