Samsung’s transformation efforts garner another level 1 B-BBEE rating

Indicative of its commitment to transformation and building a sustainable South African economy, global tech giant Samsung has been rewarded with a Broad-Based Black Economic Empowerment (B-BBEE) level 1 status for the second consecutive year.

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Samsung South Africa representatives led by its CEO Sung Yoon walk out of a meeting with Department of Education officials
Samsung SA has bagged another B-BBEE rating

Hot on the heels of its first ever B-BBEE recognition in 2019, the certification goes a long way in showing Samsung’s commitment to using technology to not only innovate, but as a fantastic tool for economic inclusivity and positive transformation.

“The certification demonstrates our dedication not only to operational excellence but to remain an active and enthusiastic contributor to the future of the South African economy,” Hlubi Shivanda, director of business innovation and corporate affairs at Samsung South Africa said. 

Furthermore, it underpins Samsung’s ongoing committment to contributing meaningfully to sustainable transformation across its entire value chain.

This can be seen not only through the company’s focus on the participation of black people in the management, but several investment programmes it has launched over the years.

This includes the R280 million equity equivalent investment programme in 2019 aimed at contributing nearly R1 billion to the South African economy at large, as well as the Samsung Engineering Academy.

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