Pepperl+Fuchs South Africa celebrated its inauguration in Johannesburg on 18th May, 2015. This event successfully highlighted the commitment of a global company’s participation in the growth of South Africa and the ambition to go further in Africa. The subsidiary also awarded a level 1 B-BBEE certificate that enables the company to open up new business opportunities in the South African area.
Dr. Gunther Kegel, CEO of Pepperl+Fuchs GmbH, Andreas Künne, Minister of Economics & Global Issues at the Embassy of the Federal Republic of Germany, and Marc Van Pelt, Managing Director of Pepperl+Fuchs (Pty) Ltd for the Africa Region, participated in the official ribbon cutting ceremony, which took place at the Pepperl+Fuchs offices in Kempton Park, Johannesburg.
The event then moved to the Serengeti Golf and Wildlife Estate where all the guests were welcomed by a Marimba band. This was followed by informative speeches and presentations from Dr. Gunther Kegel, Andreas Künne, Marc Van Pelt, and Mr. Stefan Sakoschek, the Executive Chairman of the European Union Chamber of Commerce & Industry.
A Broad-Based Black Economic Empowerment (B-BBEE) is a socio-economic process that directly contributes to the economic transformation of South Africa by increasing the number of Black people that manage, own and control the country’s economy, and diminishing income inequalities. The B-BBEE certificate is a document that indicates a company’s level of BEE compliance. A level one contributor, which Pepperl+Fuchs South Africa awarded, is the highest achievable status. The lowest level of BEE compliance is level eight.