GLTC bags Level 3 B-BBEE status

GLTC bags Level 3 B-BBEE status

May 13, 2021 | by

In a proud moment that speaks to its transformational attitude, Goscor Lift Truck Company has just become the only importer of capital goods in South Africa to attain a Level 3 B-BBEE status.

Goscor Lift Truck Company (GLTC) has announced that it has attained a Level 3 B-BBEE status, effective March 2019. To get a Level 3 status, a business has to score between 90 and 95 on the BEE scorecard. This is measured on all five elements on the BEE scorecard, including ownership, management control, skills development, enterprise and supplier development and socio-economic development.

“For such a big organisation, attaining a Level 3 B-BBEE status means that we have covered a lot of ground with regards to our transformational goals. We have done a lot when it comes to employment equity, enterprise development initiatives and corporate social investment, among other initiatives,” says Darryl Shafto, MD of GLTC.

GLTC has also invested heavily in skills development. Following the establishment of its merSETA accredited Training Centre last year, the company is now armed with a facility that allows it to build a pool of technical skills that it needs to better support its customers.

The Training Centre offers an NQF Level 3 qualification. It operates nationally, accommodating both new trainees and existing GLTC employees from around the country on an annual basis.

“Skills shortage has become one of the most common enemies to economic development, not only in South Africa, but across the globe. It is a problem that hinders both business and economic growth. Therefore, forward-thinking businesses should play an active role in skills development, and GLTC has done a lot in that regard,” says Shafto.

Shafto adds that GLTC’s Level 3 B-BBEE rating can offer huge benefits to other companies that do business with the leading supplier of lift trucks in South Africa. “Benefits of being compliant include the ability to actively participate within the preferential procurement policy of government, qualifying to tender for contracts with governmental bodies and a competitive edge over other competitors in the industry,” concludes Shafto.