Since the introduction of the first B-BBEE Codes in 2007, Imperial has worked tirelessly to be recognised as a leader in the development of human capital at all levels – with the prime objective being the closer alignment of the group’s employee and leadership profile with the national demography. With transformation an essential part of the group's strategy, our B-BBEE policies have been developed to ensure that measurable progress is made towards genuine black economic empowerment. Our approach is intrinsically collaborative and the business works together with all of our stakeholders – customers, partners, suppliers and the public sector, including government.
Our most recent certification - issued in September 2019 – represents a significant milestone in our transformation efforts, with year on year improvements once again being realised across all categories of the scorecard. Imperial proudly maintained its certification as a steadier Level 2 B-BBEE company and our "Empowered Supplier" status, based on the Transport Sector Codes - both of which continue to translate into significant benefits for clients doing business with us.
Preferential Procurement, Enterprise development and socio-economic development were areas in which the group scored full points. Our preferential procurement spend with QSE’s and 51% black owned businesses, was more than double the target percentage with the EMEs spend being 139% of the target. Going forward, we will continue to actively seek out opportunities to partner with QSEs, EMEs and other designated group suppliers that are 51% black owned and 30% black woman owned for enterprise development and supplier development in order to facilitate maximum benefit for our clients in terms of their own procurement scorecards.
Imperial Logistics Advance
Given the complexity and size relating to the disposal of 30% of Imperial 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 South Africa 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 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 has subscribed for 25% of the issued share capital in Imperial Logistics Advance for a cash consideration of R200 million. 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. The transaction was concluded in December 2018.