BEE Credentials

One of Medu Capital’s primary objectives is to promote the implementation of a scorecard approach to BEE. This objective will be achieved by ensuring that Medu Capital has strong BEE credentials and by influencing and promoting a scorecard approach to BEE in portfolio companies.

Medu Capital supports a scorecard approach as a means of achieving the objectives of broad-based BEE. The company has successfully implemented policies on direct empowerment, human resource development and indirect empowerment.

Some of the significant outcomes of Medu Capital’s BEE policies are:

• 64% direct and indirect black ownership:
        51% of the direct shareholding is owned by Black South Africans.
        13% indirect black shareholding (26% of Brait is owned by a broad-based BEE consortium)
• 50% of the board of directors are Black South Africans
• the executive management are Black South Africans
• Medu Capital has been providing financial assistance to a university student over the last two years
• Medu Capital plays a significant role in promoting the implementation of BEE in portfolio companies

Significant progress has been made in promoting a scorecard approach to BEE in portfolio companies.