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Novus Holdings achieves Level 3 B-BBEE status

MEDIA UPDATE / 03 JANUARY 2019 - 0900 / STAFF REPORTER

Novus Holdings, a leader in the South African commercial printing and manufacturing sector, has obtained a Level 3 Broad-Based Black Economic Empowerment (B-BBEE), rating with a score of 94.23, moving up one notch from its previous Level 4 status.

"We are proud of this achievement and committed to proactive transformation and attaining the best B-BBEE scorecard possible. This accreditation is a testament to the fact that we are moving in the right direction," says Neil Birch, CEO at Novus Holdings.

He says that today’s 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. According to Novus Holdings, this new rating will also see its customers benefit from 110% procurement recognition, where previously Level 4 offered a 100% 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 says it does this by continuously attracting and retaining an employee 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," concludes Birch. Novus Holdings Ltd services South Africa and the African continent through its print production of short to long run requirements of educational materials, magazines, retail inserts, catalogues, books, newspapers, commercial work as well as security and digital printing.

For more information, visit www.novus.holdings. You can also follow Novus Holdings on Facebook.

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LINK : https://www.mediaupdate.co.za/media/146001/novus-holdings-achieves-level-3-b-bbee-status

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