As a company, we realise that strength lies in diversity and in being representative of South Africa's multiracial society. Our working environment motivates individuals of diverse backgrounds to contribute and develop their unique potential. MHG adheres to internally developed guidelines and codes to ensure staff empowerment and employment equity. These codes are aligned with South African legislation and the empowerment objectives of Metropolitan Holdings Limited.
MHG has a staff compliment in excess of 2 000 employees of whom 88.3% are black. Our management team is 62.7% black.
Black economic empowerment (BEE ) shareholding in excess of 30%
As a subsidiary of Metropolitan Holdings Limited, MHG is a truly African company with a strong empowerment record. MHG has a BEE shareholding of over 30% through direct and indirect empowerment shareholding by Kagiso Trust Investments (KTI) and the Inyanga Consortium, as well as management and staff share incentive trusts. MHG boasts 10.1% black female ownership. BEE shareholding makes MHG the most empowered of the large administrators in South Africa.
MHG 's contribution to broad-based BEE
In 2008 MHG received a Level 3 Nera Empowerment Rating and in 2009 progressed to Level 2. This we believe bears testimony to our commitment to sustainable initiatives to transform the company and contribute to overall economic transformation in our industry.
Enabling access to the industry
MHG empowers other businesses through its franchise model to enable new entrants to the industry. MHG has the following shareholding structure and BEE status:
Metropolitan Holdings Ltd
The effective total black shareholding is in excess of 30%.
We qualify as a fully empowered company and continue to strive for equity and transformation in all areas of our business. We are committed to supporting BEE initiatives in South Africa.