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Bidvest Bank and Transformation
Posted by Daniel Makhura on 2 October 2017 5:10 AM SAST
More information about the above
We believe that Broad-Based Black Economic Empowerment is an investment that is important for the survival of our country’s economy. As responsible citizens, we should positively contribute and participate in South African society and businesses, from small or medium enterprises to all levels of corporations.
For Bidvest Bank, transformation means the constant development of the business and commitment to Broad-Based Black Economic Empowerment (B-BBEE) principles as a strategic driver for growth.
As a level 2 contributor to B-BBEE, we are committed to ongoing transformation whilst seeking ways to foster greater participation in the economy by black individuals and businesses. One example of our desire to make banking more inclusive, and one which demonstrates our commitment to affordable banking solutions is our offer of one of the lowest-cost transactional
banking products in the market.
In addition, our Small, Medium and Micro-sized Enterprises (SMMEs) focus is designed to assist a new generation of entrepreneurs who expect their banking partner to add value without adding unnecessary costs.
Internally, black staff advancement remains a focus area. The Bidvest Bank executive committee is well diversified in terms of gender and race, while B-BBEE professionals lead our fleet and asset finance business and human capital function.
We continue to focus on education, business development, and job creation in the Small to Medium Enterprise (SME) space. In addition, and as a member of the JSE-listed Bidvest Group, the bank also contributes to Group-level CSI initiatives.
We believe in building robust relationships and working in partnership with organisations that make a measurable difference to people's’ lives. In addition to providing financial support, we also encourage our people to play an active part in community affairs and programmes – whether this is by way of business development advice, marketing or promotion.
