TMH Africa recognized as a Level 1 B-BBEE (Broad-Based Black Economic Empowerment) contributor
Kirill Lipa, CEO of Transmashholding and Gauteng Prime Minister David Makhura shake hands at the opening of TMH Africa’s facility in Boksburg, Johannesburg.
TMH Africa, a rolling stock manufacturer, and maintenance service provider, which started operations in South Africa in 2018, has just been awarded Level 1 Economic Empowerment Status (B-BBEE).
B-BBEE Level 1 status is the highest achievable status in the B-BBEE dashboard – the South African Black Broad-Based Economic Empowerment programme – which allows for initiatives that contribute to the socio-economic development of the country, by promoting access for disadvantaged people. This is an important milestone, demonstrating the company’s commitment to aligning its business strategy with South Africa’s development agenda.
“We appreciate the recognition of our contribution to the B-BBEE scorecard priorities, and we strongly believe that by partnering with South Africa and all industry stakeholders, we can have an even greater impact in tackling the triple challenges of poverty, unemployment, and inequality,” said Jerome Boyet, CEO of TMH Africa.
In 2019, TMH Africa increased its workforce by 40%, reaching 200 employees today. The company is committed to expanding the economic participation of SMEs and ensuring their inclusion in the global supply chain. One example is SME Export, a South African company that recently received an order to supply for 800 passenger car air conditioning systems manufactured by TMH for the Egyptian National Railways.
“We are grateful for the opportunity to represent South Africa’s work in a global project,” said Johan Pienaar, Managing Director of SME Export.
These initiatives are positioning TMH Africa as a strategic value-added partner for South Africa’s activities to revitalize the rail sector, creating quality jobs and providing skills and capacity development to the rail sector.
(TMH is chaired by Andrey Bokarev)