Third consecutive level 1 B-BBEE rating for Samsung SA
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Samsung continues to play an active role in Govermentâs vision for a more inclusive society.
Samsung strongly believes in the transformative power of technology and innovation to effect societal change. This makes the achievement of a third successive Broad-Based Black Economic Empowerment (B-BBEE) Level 1 Contribution Status, a significant milestone. It is aligned with Samsungâs belief that companies must remain firmly committed to empowering people with skills and opportunities that help build the nation.
âAs Samsung, weâre committed to building on our long-ranging transformational vision. This is already reflected internally as our people are representative of the countryâs demographics, race and gender. Ultimately, we are completely focused on creating real empowerment through ownership and control of South Africa s economy, and remain aligned with the Governmentâs tran
May 4, 2021
About usBased in Mount Edgecombe (KZN), Autolabs development team build products for the exchange and management of laboratory and weighbridge information. The internationally recognized LIMS package we use allows for development in C# to deliver first rate software products to customers across many locations. As a small specialist department, we pride ourselves in being able to couple technical excellence in software engineering with a strong understanding of our customers needs.
The roleTo provide technical expertise and support in the various computer hardware, Autolab applications, network infrastructure, computer security, local and wide area networks and printing solutions for the LIMS installations at the sugar mills. Ensuring an efficient and effective LIMS operation with problems identified and rectified with minimal impact to user operations.
Primarily comprises the ordinary dividends declared in March 2021.
# The increase in other primarily relates to an increase in the statutory credit risk reserve, which has an equal and opposite reduction in retained earnings.
The group s performance in 1Q21, relative to the three months to March 2020 ( 1Q20 or the comparative period ), needs to be considered in the context of Covid-19. January and February 2020 were largely pre-Covid-19 . The group s performance in March 2020 was positively impacted by market volatility in terms of trading revenue but this was offset by the negative impact of the decline in market valuations, particularly Liberty Holdings Limited s ( Liberty ) Shareholder Investment Portfolio, and the IFRS 9 driven increase in credit charges based on the portfolio performance and the forward-looking assumptions used at the time.
The coronavirus pandemic and related lockdowns have been particularly devastating on SA s tourism industry.
Government has announced a Tourism Equity Fund, which does not relate to Covid-19 relief, but focuses on transformation in the industry.
Solidarity and AfriForum are challenging the focus of the fund, claiming the industry as a whole needs help urgently.
Judgment was reserved in the North Gauteng High Court on Friday in an urgent court application brought by Solidarity and AfriForum in relation to requirements to benefit from government’s Tourism Equity Fund (TEF).
The R1.2 billion TEF was announced earlier this year. It involves R606 million to be contributed by the Small Enterprise Finance Agency (SEFA) and R594 million by an unnamed strategic bank co-funders . The aim of the fund is to enhance transformation in the tourism industry.
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