Astute achieves top BEE rating
Astute, the company that provides information exchange technology to the financial services industry, has achieved a Level 1 broad-based black economic empowerment (BBBEE) rating from Empowerdex.
The Empowerdex verification provides independent opinion on the BBBEE status of Astute in terms of the department of Trade and Industry’s Codes of Good Practice.
Said Astute Managing Director, Biddie Biddulph: “We’re delighted to have qualified for the highest rating awarded by Empowerdex as we continue to work towards a more equitable economic dispensation in South Africa.”
The BEE Act allows for the existence of the Codes of Good Practice that provide structures for the scorecards and rules that apply to claiming BEE points. There are different levels of BEE certificates, ranging from level eight to level one, depending on the contributions each business has made to empowerment. The higher the BEE level achieved, the more BEE points the clients of a business can claim on their BEE scorecard for preferred procurement. This means that customers selecting a supplier are likely to look at price, quality and service, and BEE ratings.
