American Express Foreign Exchange (Amex), a member of the Tourvest group of companies, has been certified a level four contributor to broad-based black economic empowerment by the independent rating agency NERA.
The rating means that Amex is fully compliant with the BBBEE Codes of Good Practice and that its clients can claim 100% of their procurement from Amex in their own BBBEE credentials.
The high rating is attributable to Amex’s 80% black ownership, of which 22% comprises black female ownership, as well as its preferential procurement policies and employment equity which NERA ranked as among the best in the industry. The ranking places Amex in the top echelon of black empowered foreign exchange providers in the country.
“We are very pleased by this objective measurement of the significant progress we’ve made on the empowerment front. However, we’re far from complacent about our BBBEE credentials and it remains a high priority to find more ways of enhancing our transformation efforts and keeping us in the forefront of transformation in the industry,” said Amex managing director Andrew McDonic.
Blogger Muzi Mohale
I’m Muzi Mohale, based in Roodepoort (South Africa). Blogger with www.travelwires.com. Love Travelwires.com since I get to travel our beautiful country through blogging and get first hand tourism experience.
American Express Foreign Exchange (Amex), a member of the Tourvest
We need a copy of the BEE certificate.