ANTALIS SOUTH AFRICA IS COMMITTED TO BROAD BASED BLACK ECONOMIC EMPOWERMENT - BEE
The members of the Impho Consortium
bring strength to Antalis South Africa
through their network of established
relationships throughout the African
continent – providing us with access to
new opportunities, both in the South
African market and across Africa.
The beneficiaries of Impho Consortium
include the Fort Hare Foundation, a Trust
representing the SA Council of Churches
and the Leadership Foundation Trust.
In a separate empowerment transaction,
The Antalis South Africa Employees
Empowerment Trust acquired a 5.1%
share in Antalis South Africa. For these
employee shareholders, the benefit of
this empowerment deal is the fact that
they will share in the financial benefits of
being a part of the Antalis international
operation, which is the largest paper
merchant group in Europe.
Empowerdex (Pty) Ltd certified Antalis
South Africa with a B rating which
represents a Level 5 contributor.
A copy of the Antalis South Africa Rating Certificate is available on request. Antalis
South Africa is committed to Broad Based Black Economic Empowerment and we
are determined to improve upon this
rating, year after year, by focusing
on Enterprise and Socio-Economic
Development and continuing with our
current Employment Equity initiatives.
In September 2007, the Impho Consortium acquired a
20% stake in Antalis South Africa, empowering us with
the support of a significant Broad Based Black Economic
Empowerment (BEE) partner.