BLACK ECONOMIC EMPOWERMENT

Please click on the BEE CERTIFICATE button above to download a printable pdf format copy of the certificate.

As part of the Raubex group, National Asphalt aligns itself with the group’s philosophy, an extract of which is included below:

BEE is a central part of the South African government`s economic transformation strategy. A multifaceted approach to BEE has been adopted which aims to increase the number of black people that manage, own and control South Africa`s economy. The three core elements of the South African government`s BEE policy are: direct empowerment through ownership and control of assets, human resource development and employment equity, and indirect empowerment through preferential procurement policies aimed at ensuring that black people benefit from South African tenders.

Raubex has two main anchor BEE shareholders in Matlapeng Holdings and Kenworth, which at listing, owned approximately 26.3% of Raubex.  Both BEE shareholders are locked in for a 5-year period post listing. A further 2.0% is held by various black management. Matlapeng Holdings Pty (Ltd) is a broad based BEE company, majority owned by Kopano Ke Matla (COSATU’s investment company) and the Black Managers Forum, representing two million HDSA people of which approximately 30% are HDSA women. Kenworth Pty (Ltd) is the investment company of Mr F. Kenny, an HDI individual active in the construction sector. Both Matlapeng and Kenwoth are represented on the Board of Raubex. Post listing both Matlapeng and Kenworth have near unencumbered shareholdings in the share capital of Raubex. All of Raubex’s BEE shareholders carry full equity and voting rights participation, making them actively involved partners in the management and operations of Raubex.