Tourvest Travel Services, the corporate travel management division of integrated tourism group Tourvest, has been rated as a level 2 contributor to South Africa’s broad-based black economic empowerment (BBBEE) by the National Empowerment Rating Agency (NERSA).
The rating is attributable to TTS’s 72.87% black equity ownership, as well as its enterprise and socio-economic development, both of which scored full marks. Skills development received a score of 18.11 out of a total of 20, preferential procurement 13.83 out of 15, employment equity 8.82 out of 14 and management control 7.56 out of 14.
The status means that TTS is more than compliant with the Tourism Charter Codes and clients of TTS can claim 125% of their procurement with the company in their own BBBEE credentials.