Genflex achieves BEE level 5 status

1st Quarter 2012 News & events

As a result of the increase in sales that Genflex has achieved over the last 12 months, the company has been re-rated at a higher BEE level. After being independently assessed and rated in terms of the BBBEE Act No 53 of 2003, Genflex has now achieved BEE Level 5 status. Level 5 BEE recognition is a company contributor with an 80% procurement recognition level.

Genflex is putting further efforts into its BEE score card rating, and should be able to be re-rated as a Level 4 contributor over the next few months. The company is actively involved in skills development throughout the group. This new BEE rating will allow Genflex Hydraulics to expand further into the South African mining and manufacturing industries.

For more information contact Bruce Garner, Genflex Hydraulics, +27 (0)11 900 3235, [email protected], www.genflex.co.za

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