by Jean Marie Richardson
7. April 2011 11:03
Movius Achieves LEVEL 2 AAA Rating for B-BBEE Standards in South Africa- Again! Background on standards, and what it means to Movius
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by Ian Moraes
15. July 2010 15:09
In a recent article by Daniel Steenkamp, he notes a number of important factors including appreciating the market opportunity in addition to the social goodwill that can result from extending services or products to this segment of the market, adopting a business model that promotes socio-economic development of the market, and a rethinking of business processes and market strategies when serving the aspirant community.
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by Andy Minnaar
28. January 2010 12:53
For those that do not know, BBBEE stands for Broad Based Black Economic Empowerment. An important topic if you are trying to do business in South Africa.
What is this all about?
In a nutshell BBBEE was introduced during the mid 90's after the appointment of a democratic government in South Africa. It stems back to the release of Nelson Mandela and the African National Congress coming into power. It is about the upliftment of PDI's (previously disadvantaged individuals).
The South African government launched a program based on a set of tenets designed to create opportunity for PDI's and foster entrepreneurship. A scoring system was introduced and companies are required to score at various levels, depending on turnover, to qualify for doing business with state entities and large South African companies. Companies that receive high scores get price advantages in state tender evaluations. In other words those contributing to uplift get favourable consideration.
BBBEE is taken very seriously in South Africa, to the extent that state and large companies will not do business with local companies that are not compliant and a companies own ratings are affected negatively if they do not award business to BBBEE complaint partners.
For Movius, we have achieved a level 2 AAA rating. This is a great achievement and very difficult to obtain especially since Movius South Africa is a subsidiary of Movius Interactive Corporation headquartered in the United States.
To do business with top South African operators such as MTN, Vodacom, Cell C, Telkom and Neotel, the BBBEE rating is now mandatory. The fact that Movius achieved such a high rating is significant! It opens doors to do business with any South African based operator and to be favoured in their procurement processes, because we are regarded as contributors giving back to the development of our great country.
For more details on Movius' achievement read our press release.
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by Ian Moraes
28. October 2009 09:08
It's refreshing to see a number of initiatives targeting the bottom of the pyramid market segment to address the unconnected (users who do not own phones) and the unbanked (users who do not have access to banking services).
The first example to note is the recent collaboration of Google and the Grameen Foundation who are developing applications to address specific needs in a rural African user’s life. For example, the applications being developed for farmers enable them to...
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