Ownership
Esor remains strongly committed to B-BBEE and is constantly striving to increase black ownership at group level. The group is currently 68,52% Black-owned, comprising BEE shareholders that include:
Shareholder | Shares |
---|---|
Esor Broad Based Share Ownership Scheme: Implemented in 2006
|
21 012 250 |
Geomer Investments |
261 254 253 |
Other | 24 047 105 |
Total | 306 313 608 |
The Esor group is rated a “Level 4” contributor in terms of the Generic Codes of Good Practice. 100% of spend with the group can therefore be regarded as BEE spend for clients. 89,8% of the workforce is Black, and emphasis is placed on training suitable candidates to accelerate promotion to management level. Esor is currently 68,52% Black-owned, of which 1,28% comprises Black female equity participation.