Tue, 27 Jul 2021
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Durban

Transformation beyond B-BBEE level

WORLEY, a global provider of professional project and asset services, views the energy, chemicals and resources sectors as primary drivers for employment and transformation in South Africa.

That’s according to Project Portfolio Manager for Worley South Africa, Gladwin Mfolo, who said transformation is often driven by compliance considerations; however, at Worley the focus is directed on making a sustainable impact.

He said by aligning its services to be compliant with and exceed the requirements of various transformation legislation, Worley had been able to redefine and position its business for success, while simultaneously securing a better future for all enterprises engaged in the organisation.

“An example of this is our recent B-BBEE level improvement from a Level Four to a Level Two contributor through our continued effort to improve on ownership, management and control, skills development, procurement and supplier development, and socio-economic development,” said Mfolo.

Locally, Worley fulfils much of its B-BBEE compliancy through Enterprise and Supplier Development (ESD), an initiative that supports meaningful transformation of the southern Africa economy by providing tangible opportunities for small businesses to prosper and expand.

First launched in 2013, Worley’s ESD programme assists partner companies with capability and capacity building with a special focus on value-added activities within the South African industry through service-related functions. Consequently, Worley works closely with its ESD partners in pursuing work and executing projects.

Mfolo believes that the engineering sector and its associated infrastructure has much to gain from Worley’s ESD initiative as Worley and its enterprise supplier development partners jointly deliver world-class engineering services in South Africa.

“We expect to see more joint service delivery as the programme expands and our ESD partner companies are exposed to skills transfer and world-class delivery systems.”

Recently, Worley RSA entered into an agreement with Matasis Investment Holdings, which saw Matasis concluding a 35% B-BBEE equity transaction with Worley RSA. The two businesses will work closely together to provide transformative solutions to the complex challenges facing southern Africa’s resources, energy and chemicals sectors. By improving their black shareholding, Worley RSA is now 18.11% black female owned and 10.84% is black designated group owned.

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