Road freight transport and logistics sector codes issued for public comment
Draft sector codes for the road freight transport and logistics industry were issued for comment on February 26, with a 60-day window provided for public comment.
Proposed changes include allocated weightings in equity ownership and management control as well as skills development. The proposals indicate ongoing industry discussions with the Department of Transport. If the proposed codes are approved, the 2016 scorecard could be issued on these amended codes.
In response to the draft, Imperial Logistics has noted that more than 25 percent of its equity ownership is fully in the hands of black shareholders, making it an industry leader in this regard.
“We are very proud of our transformation track record and aim to maintain a leading position as the tougher new scorecard raises the BEE bar – particularly for large organisations,” states Sibongile Zikalala, transformation director.
“Our approach to B-BBEE has always been collaborative, and we constantly strive to work with all of our stakeholders – including clients, partners, suppliers, the public sector and government – for mutual benefit,” adds Zikalala.