Super Rent has a Broad-Based BEE Status of Level 1 and a BEE Procurement Recognition Level of 135%.
Super Group Holdings (Pty) Ltd (including Subsidiaries as per Annexure A on the B-BBEE certificate) has a current overall Broad-Based BEE Status of Level 1 in terms of the Generic scorecard, and a BEE Procurement Recognition Level of 135%. Super Group has embraced the concept of Broad-Based Black Economic Empowerment (B-BBEE) and as such developed a corporate policy framework that incorporates all of its interventions.
On 1 October 2012, the shareholders of Super Group approved a B-BBEE Scheme for the Black (as defined by the Black Economic Empowerment (BEE) Act) staff. The Group has empowered its South African operations by allocating an effective 10.04% ownership of the South African operations to the Black South African Super Group employees.
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"We believe that B-BBEE is a key requirement for the promotion of sustainable economic growth and social development in South Africa. The rationale for implementing our B-BBEE Scheme is for the B-BBEE employees to benefit from the growth and performance of the South African operations."