Samsung has proudly announced that its continued investment in South Africa, coupled with its dedication to remain an active contributor to the future of the local economy and strong supporter of economic transformation, has contributed to the company’s Level-1 B-BBEE status for five consecutive years.
The company’s EEIP programme has seen an investment in black, female-owned entities which now operate in the full value chain of e-Waste. Samsung also has a strong focus on enterprise development and capacity building in ICT through scarce skills development. The Solve For Tomorrow competition is a Science, Technology, Engineering and Maths aligned educational programme that provides learners in grades 10 and 11 from underserved communities an opportunity to gain invaluable skills while solving some of the challenges within their communities. Recently launched, this competition is being piloted in 51 schools across the country.
Samsung’s transformation efforts are a clear indication of the company’s tremendous contribution to the achievement of the country’s overall B-BBEE goals and objectives. The key focus areas of Samsung’s overall B-BBEE philosophy and strategy are centred on the following: Redirecting existing spend to qualifying Black-Owned and Black-Women Owned Qualifying Small Enterprises and Exempt Micro Enterprises to include them in the existing procurement value chain of Samsung South Africa, with a focus on the following areas that have been approved: Marketing, Services, Sales, Logistics and Recruitment.