On 16 January 2020, Urban Dynamics Gauteng Inc reached the goal of being classified as a Black Empowered Entity and a Level 1 Contributor under the 2017 Construction Sector Code. This is an achievement that very few housing practitioners reach.
By the nature of our work, Urban Dynamics Gauteng Inc. is closely linked to labor-intensive construction initiatives and construction projects that promote the training and support of community members and emerging contractors.
While we are excited about this achievement and acknowledge that this accolade will open many doors for construction tenders and future housing contracts, we confirm that our commitment to BB-BEE is not a fixed target, but an ongoing enterprise development process.
Urban Dynamics Gauteng Inc. will continue to proactively engage in this process to implement the Charter as a code of practice and vigorously support the implementation of ownership transformation, increased black and black female representation at management control level and broaden employment equity across the company. We will also continue to develop learning and mentoring programs and create scholarships and broaden our existing preferential procurement policies and action plans to enhance our supplier development frameworks. Lastly, our Corporate Social Investment (CSI) is testament of the company’s commitment to financially support a wide range of socio economic development projects and charities.
Our Broad Based-Black Economic Empowerment transformation journey has only started and we are eager to continue beyond legal compliance. This journey is set to positively impact on the development and participation of our staff, the communities we work with and to transform South African society into a striving growth economy.