ArcelorMittal finally gets a B-BBEE Certificate

Original publish date – Wed, 17 Aug 2011 07:24:19 +0000, Keith

ArcelorMittal was in the news last year for all the wrong reasons. It tried to undertake a deal -called it a “BEE deal”, that would not have earned many points. There are have been calls for ArcelorMittal to produce its B-BBEE certificate for a long time, and the lack of a certificate has hurt many of its customers’ own B-BBEE scores. As a primary provider of steel, its B-BBEE credentials will flow down to most of the rest of the economy.
ArcelorMittal has now had its certificate verified – it is level 7 as follows.

Ownership 0
Management control 9.42
Employment equity 0
Sills development 11.09
Preferential procurement 15.51
Enterprise development 0
Socio-economic development 5
Total 41.02

 

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