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Redline believes strongly in empowering the people of South Africa. As such we are
strongly committed to South Africa and its growth as a player in a global industry.
Growing South Africa’s black professionals is intrinsic to our policy on empowerment
and transformation. Our aim is to position ourselves for a successful, long-term
business future while also benefiting the broader community. With a Black consortium
owning 37.45% of Redline (effective legal BEE ownership with voting rights and economic
benefit), our BEE breakdown looks like this:
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45% of control is reflected by board representation by black South Africans,
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50% of executive management by black South Africans,
- And a Staff Equity Employment ratio of 40.90% against an industry scorecard target
of 45% (currently no charter governing the communications industry).
We are proud to have in place our BEE Skills development and training initiatives,
which include:
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SETA
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Iziko
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ALP
- Over 2% of annual salary cost committed to training
Redline boasts a BEE Procurement policy of 32.5% and over 1% of NPAT committed to
CSI (Corporate Social Investment) initiatives. This Enterprise Development consists
of free office space and provision of business opportunities for a small Black Owned
eventing and marketing consulting company. Along with the three partners of the black
empowerment consortium, Bourasque Advertising Investments – which own 26% of Draftfcb
South Africa, we are a very active BEE participant committed to developing this
nation.
BEE rating certificate
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