Page 16 - Novus Holdings In The News 2019

Novus Holdings achieves Level 3 B-BBEE status
Spokesperson: Neil Birch, Chief Executive Officer at Novus Holdings

21 December 2018: Novus Holdings (JSE: NVS), a leader in the South African commercial printing and
manufacturing sector, has successfully obtained a Level Three Broad-Based Black Economic Empowerment
(B-BBEE) rating with a score of 94,23 moving up one notch from its previous Level Four status, the company
announced today.

This is the second time in 2018 that the Group received an improved score, after achieving Level Four status
earlier this year.
“We are proud of this achievement and committed to proactive transformation and attaining the best B-BBEE
scorecard possible. This accreditation is testament to the fact that we are moving in the right direction,” said
Neil Birch, CEO at Novus Holdings.
He added that today’s improved score is due to a number of initiatives undertaken by the Group which have
now been recognised as compliant with the B-BBEE scorecard.
This new Level Three rating will also see the Group’s customers benefit from 110% procurement recognition
where previously Level Four offered a 100% procurement recognition.

“As we are committed to the advancement of economic transformation in South Africa, our transformation
initiatives go beyond compliance.”
Novus Holdings does this by continuously attracting and retaining an employee complement that represents
local demographics fairly, both in terms of equity and gender, as well as through supplier development
programmes.
“We continue to encourage the increased support of small businesses with black-owned and black female-
owned business enterprises as first choice suppliers,” concluded Birch.

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