- October 6, 2023
- Posted by: Nangamso Nteta
- Category: Broad-based Black Economic Empowerment
Engaging in a B-BBEE deal, a requirement in South Africa’s business landscape, often triggers a reluctance. The inherent challenges faced by businesses in the region are formidable, and now, as revenues cross the R10 million threshold, an additional complexity emerges. A mandate stipulates that a minimum of 26% of a business must be Black-owned. This condition is not just a mere regulatory burden; it’s become a determinant for maintaining client relationships and sustaining market share.
The intricate nature of this requirement is not lost on us. What sets our endeavor apart is our position as a Black-owned business that actively seeks out enterprises grappling with this very issue. However, we are not looking for the easy way out. We’re not interested in a handout, nor are we seeking a shortcut. Our approach involves a fundamental commitment – a willingness to put in the hard work, to roll up our sleeves and earn our stake. It’s not just about securing a piece of your business; it’s about offering value that far surpasses the stake we acquire.
Now, don’t be misled; this isn’t a journey devoid of challenges. It’s far from easy, and success is anything but guaranteed. Yet, for the past seven years, we have relentlessly pursued this mission. Through countless hours of effort and determination, we have curated a diverse and thriving portfolio of partners and investees. These are entities that have not just weathered the storm but have grown significantly. We’ve transformed seemingly insurmountable challenges into stepping stones for success.
To encapsulate the impact of our approach, consider the unsolicited feedback from one of our esteemed partners: “LRMG and Pula have set exceptionally high standards, elevating the quality of our work and propelling us to stretch our capabilities. Our association with you has undeniably contributed to the expansion of our business. Opting to collaborate with LRMG was unequivocally one of the most rewarding decisions we’ve made. Every day, we’re absorbing knowledge and experiencing growth.”
It’s with this context that we extend an invitation for an explorative conversation. Let’s delve into the possibilities, discussing how our collaboration could potentially lead to a mutually beneficial path of growth. This isn’t just about adhering to regulations or meeting quotas; it’s about embarking on a journey of transformation, progress, and shared success. Let’s talk.