Novus Holdings bumps up its B-BBEE status

A generic image of a printing process at Novus HoldingsA leader in the South African commercial printing and manufacturing sector, Novus Holdings (JSE: NVS) has successfully obtained a Level Three Broad-Based Black Economic Empowerment (B-BBEE) rating. Its score of 94,23 sees the printing company move up one notch from its previous Level Four status.

During 2018, the group improved its score twice. Neil Birch, CEO at Novus Holdings, comments: ‘We are proud of this achievement and committed to proactive transformation and attaining the best B-BBEE scorecard possible. This accreditation is testament to the fact that we are moving in the right direction.’

Committed to transformation

The improved score is due to a number of initiatives undertaken by the group which have now been recognised as compliant with the B-BBEE scorecard.

With the new Level Three rating, the group’s customers will also benefit from 110 percent procurement recognition where previously Level Four offered a 100 percent procurement recognition.

‘As we are committed to the advancement of economic transformation in South Africa, our transformation initiatives go beyond compliance,’ says Birch.

Novus Holdings does this by continuously attracting and retaining a staff complement that represents local demographics fairly, both in terms of equity and gender, as well as through supplier development programmes.

‘We continue to encourage the increased support of small businesses with black-owned and black female-owned business enterprises as first choice suppliers,’ he concludes.

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