Tribeca Public Relations retains Level 1 B-BBEE rating
Tribeca Public Relations (Tribeca) has retained a Broad-Based Black Economic Empowerment (B-BBEE) Level 1 status in its 2019 B-BBEE verification audit carried out by JS BEE Solutions, a SANAS-accredited B-BBEE verification agency.
The B-BBEE verification process was based on the Marketing, Advertising and Communication (MAC) Sector Code, which defines Tribeca as a Large Entity due to its annual turnover being greater than R10 million. The Level 1 status affords Tribeca a B-BBEE procurement recognition level of 135 per cent, enabling the agency to be retained by organisations that prioritise achieving high procurement recognition levels in compliance with the Broad-Based Black Economic Empowerment Amendment Act of 2013.
Tribeca’s commitment to empowerment includes a partnership with the Itirele Foundation Charitable Trust (Itirele), an independent trust with the sole focus of igniting and fostering a culture of black female entrepreneurship in South Africa. Itirele owns 18 per cent of the issued shares of Tribeca unencumbered and applies the dividend income received from this shareholding to support the growth of small and medium enterprises, develop entrepreneurial role models, and stimulate and reward entrepreneurial innovation.
Tribeca’s core focus on entrepreneurship in its B-BBEE strategy also saw the company scoring particularly well in other MAC Sector Code elements. These included Enterprise and Supplier Development, where it partners with black female-owned enterprises and suppliers; Responsible Social Marketing and Communications, where it partners with Junior Achievement South Africa; and its Skills Development strategy, which focuses heavily on previously disadvantaged individuals both within and outside its business.
‘Tribeca’s approach to transformation and empowerment embodies our values, our ethos and our business philosophy. We are proud to have secured a level 1 B-BBEE status for the second consecutive year by believing that contribution is more important than compliance, by placing people and relationships at the forefront of everything we do, and by embracing the ethos and intent of B-BBEE,’ said Tribeca director, Cian Mac Eochaidh.