Black Economic Empowerment (BEE)

Ngululu management and shareholders endorse the objectives of broad based black economic empowerment as propagated by various agencies including the Department of Trade and Industry. Ngululu Holdings is  100% black owned. The attached BBBEE certificate as issued by an independent verification agency Ardent, confirms the company’s BBBEE status. As a responsible corporate citizen we furthermore recognize the need to make a positive contribution to companies that we control by putting plans in place to address non-equity BEE issues. To that effect Ngululu directors function in very close proximity to the operations as opposed to passive participation. Therefore we are active participants in any business we invest in and we add value through our extensive accumulative experience in many arrears of business.