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Since the introduction of the first Broad-Based Black Economic Empowerment (B-BBEE) Codes in 2007, Imperial has worked tirelessly to promote sustainable economic growth and social development in South Africa.
Our prime objectives are to promote diversity and inclusion in the workplace and to align the group employees and leadership with the national demographics. Transformation is an essential part of the group’s strategy, our Employment Equity Plan (EE) and the Broad-Based Black Economic Empowerment (B-BBEE) Scorecard targets are developed to ensure that measurable progress is made towards legislation and to achieve genuine transformation.
Given the complexity and size relating to the disposal of 30% of Imperial Logistics South Africa to a B-BBEE partner, and which was therefore taking substantially longer than previously anticipated, a smaller transaction constituting only the energy, mining and chemicals businesses in Imperial Logistics South Africa (ILSA) was pursued. As such, a newly incorporated entity called Imperial Logistics Advance was formed which is the holder of the Tanker Services Food & Chemicals and Tanker Services Fuel & Gas and KWS Logistics business units within Imperial Logistics South Africa Holdings (Pty) Limited.
Afropulse Group (Pty) Limited, a 100% black woman-owned business, is the strategic B-BBEE partner in the deal, and have subscribed for 25% of the issued share capital in Imperial Logistics Advance. The core capability of Imperial Logistics Advance is bulk road transportation management of liquids, gases, powders, ores and grains with road tankers and tippers, which requires specialised assets and skills. Imperial Logistics Advance achieved a Level 3 B-BBEE recognition status in November 2020.