The Group believes that BBBEE is a social, political and economic imperative. Kaap Agri measures its BBBEE status against the AgriBEE scorecard criteria as set by the Department of Trade and Industry.
In terms of the latest assessment of Kaap Agri’s BBBEE status, performed during December 2017, Kaap Agri obtained a score of 85.12, thereby increasing its contributor status to level 2.
In terms of equity, ownership Kaap Agri’s black shareholding is currently more than 25%.
It should be noted that the amended Codes of Good Conduct for the AgriBEE sector has become effective from 8 December 2017. The manner in which the Group’s BBBEE status will be calculated, will now change significantly, and it will materially affect Kaap Agri’s BBBEE status when the next assessment for the current financial year is done.
We see transformation as an opportunity for continued growth and development