Question 1

What does B-BBEE stand for?

Accepted Answer

B-BBEE stands for Broad-Based Black Economic Empowerment.

Question 2

What areas does Hollard focus on for transformation?

Accepted Answer

Hollard focuses on ownership, management control, skills development, preferential procurement, enterprise and supplier development, socio-economic development, consumer education, access to financial services and empowerment financing.

Question 3

Why is transformation important to Hollard?

Accepted Answer

Hollard believes in embracing the spirit of transformation to create a positive role model in South Africa and better reflect the demographics of the society in which it operates.

Question 4

What does being a Level 1 B-BBEE contributor mean for Hollard?

Accepted Answer

It means that Hollard has met specific criteria set by the B-BBEE framework, demonstrating its commitment to economic empowerment and transformation.

Question 5

How does Hollard support socio-economic development?

Accepted Answer

Hollard supports socio-economic development through various initiatives, including consumer education and access to financial services.

Question 6

What is Hollard’s approach to preferential procurement?

Accepted Answer

Hollard is committed to preferential procurement and supporting suppliers that contribute to economic transformation.

Question 7

What are Hollard’s targets for transformation?

Accepted Answer

Hollard has set ambitious targets for transformation, aiming to be a positive role model and better reflect the demographics of South Africa.

Question 8

What is Hollard’s philosophy on transformation?

Accepted Answer

Hollard believes in embracing the spirit of transformation, not just complying with the letter of the law, to create a more inclusive and equitable society.

Question 9

How can I get in touch with Hollard for more information about B-BBEE?

Accepted Answer

You can contact Customer Care on 0861 000 107 or email customerservice@hollard.co.za.

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