BCX is a proud Broad-Based Black Economic Empowerment
Broad-Based Black Economic Empowerment
B-BBEE forms part of our overall transformation programme and consists of carefully planned activities and programmes which promote and enhance the constructive and meaningful participation of previously disadvantaged groups, both inside and outside the organisation.
To download the BCX B-BBEE Certificate, click here
BCX is a Level 2 contributor in terms of ICT B-BBEE Sector Code, and our strategy is based on several elements.
35.07% Black ownership and 13.85% Black women ownership, which includes the Telkom facilitator status.
Previously disadvantaged individuals constitute 75% Black individuals of which 50% are Black women. 100% of the board and executive management team are also Black.
Current overall representation of 62% of previously disadvantaged individuals.
At BCX, our Skills Development focus is on Management Development, ICT Technical Skills Internships, and Learnerships in the areas of data science and coding. Over the past two years, in partnership with WeThinkCode, Explore Academy, and Netcampus, we have trained more than 600 black students.
The success and relevance of a business depends on making decisions to deploy technology, solve business challenges, and leverage opportunities. Business practices and tools are developing at a rapid pace, and our customers and employees are embracing digital technology and making the shift to digitalization. This is the essence of digitalization.
85.45% of BCX spend is with BEE-compliant entities.
Enterprise and Supplier Development
Our enterprise development strategy supports existing black-owned, black-empowered and black-engendered Small, Medium and Micro Enterprises (SMMEs). BCX has several programmes and interventions that support entrepreneurs, through an Enterprise and Supplier Development Platform.
The Subcontractor Programme within BCX creates access to market opportunities through subcontracting for Small- and Medium Enterprises (SMEs). As BCX tenders for work with its own clients, 30% of the Total Contract Value of tenders is set aside for SMEs through sub-contracting.
The Innovation Programme was launched in 2015 to incubate, accelerate, and invest in enterprises that develop solutions in areas such as the Internet of Things, Big Data Analytics, Artificial Intelligence, Smart Cities, and Cyber-Security.
BCX invests in The Future Fund, the funding pillar of FutureMakers, our holding company Telkom’s enterprise and supplier development programme. Launched in May 2015, and managed by IDF Capital, FutureMakers has made significant progress in supporting strategic start-ups, existing small businesses, and other entrepreneurial ventures aligned to the technology sector. BCX sees this investment as contributing directly to our objective of driving innovation in the Information and Communications Technology (ICT) sector.
The vision for BCX’s Socio Economic Development (SED) is to be an innovative and inspirational corporate citizen on the African continent. Our responsibility towards the communities where we operate is also a business imperative, in that it contributes to the sustainability of the organisation. Our focus is on a School Development Programme, so the bulk of BCX’s SED funding is channelled to the Telkom Foundation. The Foundation is committed to making meaningful contributions to improving the livelihoods of people in disadvantaged communities, through a range of structured programmes. Through employee voluntarism the Foundation also seeks to promote and embed a culture of giving across the organisation.
Good governance, sound risk management, stakeholder engagement, B-BBEE, and sustainability all form part of our vision to be a leading Information and Communications Technology (ICT) player in Africa and beyond.