The Elegant Group is happy to announce that it has been awarded a level 1 broad-based black economic empowerment (B-BBEE) rating certificate for 2021. The exciting news of the level 1 retention came on 19 April 2021, placing the Elegant Group in good stead among industry peers.
Elegant Fuel is a proudly South African fuel wholesaler, distributor and service provider and is locally owned with a strong focus on growing the local economy, uplifting individuals and the communities it operates in.
“For us as a company, this is a major achievement,” says Juan Muller, Elegant’s financial director. “This is now the second year in a row that we have achieved the prestigious level 1 status, which shows our commitment towards transformation and that we are in line with the industry’s transformation goals as well.”
It's been just over a year since the Covid-19 pandemic hit, affecting both large and small businesses. Throughout this time, even though business slowed down for the Elegant Group, the company has been agile and resilient in the face of this crisis. One way Elegant has managed to achieve this is by upskilling its staff, which is a major requirement for attaining a B-BBEE certificate.
“We’ve made it part of our policy to do everything we possibly can in order to improve transformation within our company,” says Muller. He adds that Elegant is 25% black women-owned, has introduced training programmes “to help staff move up to higher levels of management within the company; giving back to communities through charities, awarding bursaries and learnership programmes to deserving previously disadvantaged individuals, as well as collaborating with other local small businesses”.
Being a level 1 B-BBEE-rated company means Elegant’s independent fuel providers enjoy 135% procurement recognition for their investment in the group’s fuel distributing services: a great opportunity for businesses with a heartfelt commitment to making the country a better place for all.
“Going forward as a company, we want to expand the Elegant fuel brand, we want a bigger footprint nationwide by building more stations and creating sustainable job opportunities. We also want to continue working with our communities through our bursary programmes to help push transformation by upskilling as many africans as possible to get out in the workforce and make a difference in their lives,” concludes Muller.
The group’s rating is as per the Department of Trade, Industry and Competition Sector Codes of good practice on black economic empowerment and remains valid until 18 April 2022.