US-based drilling specialists, Boart Longyear, has received certification of compliance to the Broad-Based Black Economic Empowerment (B-BBEE) initiatives established by the South African Department of Trade and Industry.
The official B-BBEE verification certificate was presented to local Boart Longyear management on 27 June 2019 by the South African National Accreditation System (SANAS), with independent auditing and full verification completed by Moore Stephens. Boart Longyear, under the legal entity Longyear South Africa Proprietary Limited, has achieved a B-BBEE Level 4 contributor status through 26 June 2020.
Based on the B-BBEE contribution levels used to score companies on specific empowerment criteria, Boart Longyear’s Level 4 status was achieved through its ratings on ownership, management, skills development, enterprise, supplier and socio-economic development.
“We are proud of our South African employees and their earnest efforts to gain this important recognition,” says Jeff Olsen, president and CEO of Boart Longyear. “We believe in the development of our people and the community. We provide equal employment opportunities and believe in increasing the diversity of our workforce.”
B-BBEE certification establishes codes of fair practice in South Africa and provides an added value to accredited companies in building relationships with the community, suppliers, and customers.
Andre Van Heerden, South African general sales manager stated, “The B-BBEE certification is about recognising where we are now and our continued commitment to transforming our organisation to grow our team and benefit our employees and the communities in which we operate.”