SPONSORED | Focus on transformation priorities gets level 1 B-BBEE for Momentum Metropolitan
28 April 2020 - 07:36For the second consecutive year, the Momentum Metropolitan Holdings Group has retained its level 1 B-BBEE status under the revised Financial Sector Code.
“We are pleased with the outcome of the verification audit, as well as our progress towards setting a leading example within the industry. Transformation continues to be an important business priority for MomMet. After last year’s results, we concentrated on key empowerment areas within the group as well as strategic initiatives that we believe will make a positive difference to our industry,” says Lehlohonolo Mokomela, group head of transformation at Momentum Metropolitan.
improving skills development expenditure on black people at executive and senior, middle and junior management level; and“Our skills development expenditure on learning programmes for black people across all management levels increased. Had it not been for the sluggish economy, we would have been in a position to absorb more unemployed people from our learnership and internship programmes,” says Mokomela.
Equally, the group ramped up its support of small and black-owned businesses by directing more procurement spend towards black women-owned businesses and providing greater access to empowerment financing and business development support.
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