Broad-Based Black Economic Empowerment
The BBBEE Pivotal Pillars are:
- Equity/Ownership
- Management & Control
- Socio-economic development
- Preferential Procurement
- Employment equity
- Enterprise development
B-BBEE strategy
Lamatsamo’s Broad-Based Black Economic Empowerment (B-BBEE) strategy is based on affording opportunities to previously disadvantaged, Black community in particular black women.
The aim is to conquer the imbalance of the past through taking ownership, management, and skills improvement to enable active Black participation in the economy.
We commit to funding sustainable projects and giving way to local young entrepreneurs to add value to them, so they become assets for their communities.
Lamatsamo recognizes its role and responsibility towards the community especially those affected by the mining activities which happen within their areas, and it is for that reason that we have committed to giving back through skills development, employment, and preferential procurement so that residents can benefit.
Our inclusive approach to BEE means we directly advance previously disadvantaged and affected communities, because we are firm believers that Land belongs to the people, and they ought to benefit from any economic activity happening around them.
Our approach is that economic activities should benefit communities in a sustainable manner into the future.