Coronation is a truly South African business that is committed to Broad-Based Black Economic Empowerment (B-BBEE) as we believe it will strengthen our business and deepen the value we contribute to society.
Diversity is key to our business and Coronation's black employees represent 58% of our South African markets employee complement. We recognise that our people are the most important determinant of our long-term success and in April 2005 launched South Africa's first staff-only BEE deal. The transaction constituted 10% of Coronation's market value, allocated to all black staff.
We have also been significant contributors to enterprise development within the South African investment landscape, both through assisting in the establishment of black asset managers, as well as through our initiative to develop black stockbrokers. Our social investments are focused on empowering individuals with skills that will lead to personal growth and stronger communities. Likewise, we create economic opportunities through our procurement processes.
Coronation is a Level 2 contributor in terms of the revised Financial Sector Code.
For our BBBEE certificate: Click Here