Altech Netstar Announces B-BBEE Level 2 Status

Following its annual Broad-Based Black Economic Empowerment verification by NERA (the National Empowerment Rating Agency), Altech Netstar has improved its position to that of a Level Two contributor, with value added supplier status. It previously enjoy

Harry Louw, Managing Director of Altech Netstar, is delighted with the achievement. “We have developed strong actions around each of the pillars of the B-BBEE scorecard over the last few years. Our equity partners, Thebe Investment Corporation and Identity Partners, have played a significant role in driving Altech Netstar’s transformation strategy. The successful implementation of Altech Netstar’s transformation ensured that we achieved maximum scores on some of the B-BBEE scorecard pillars. Our deep-rooted philosophy, based on the Altron transformation strategy, of driving employment equity and empowering our staff through skills development, has also paid off handsomely.”

The Level Two rating places Altech Netstar at a distinct advantage to its main competitors, particularly in tendering for Government contracts. Louw says that “much hard work lies ahead, not only to maintain this industry-leading position, but to improve on it”.