The official B-BBEE verification certificate was presented to local Boart Longyear management by the South African National Accreditation System, 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 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," said Jeff Olsen, president and CEO of Boart Longyear. "We believe in the development of our people and the community. We are dedicated to providing equal employment opportunities and 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."