PECS Corporate Services Profile

In terms of the BBBEE Codes of Good Practice P-ECS is classified as a QSE and has achieved level 2 BEE Scorecard status

P-E Corporate Services is fully committed to compliance with the principles, terms and conditions of the Employment Equity Act.

To achieve compliance the company needs to increase the proportions of designated groups within certain occupational categories.  It is actively doing so by filling available vacancies by recruiting from designated groups.

The P-ECS board has recently concluded a sale of 27,5 percent of the company’s equity to Direng Investment Holdings, a black owned investment company, owned and managed by a talented and well respected group of professionals with PDI status. Direng’s strategy is to invest in, and add value to medium sized portfolio companies with good track records, high calibre staff, and who are leaders in their market sectors. Direng has a strategic partnership agreement with SIHOLD, the investment holding company of the S.A. Democratic Teachers Union. In terms of this agreement profits flowing from Direng’s investment in P-ECS and other companies will be applied to social responsibility needs in the education field. This will include education and skills development, bursary funds, job creation and the development of women in rural areas.

At present :

• Board composition is as follows :
  • Of the seven directors, two (28%) are female, one (14%) of whom is a black female.
  • In addition, of the seven directors, two (28%) have PDI status.
• 50 percent of the Provident Fund Board of Trustees are female and/or black employees.
• 57 percent of the total staff are female; 38 percent of the professional staff are female.
• 19 percent of the total staff are black; 15 percent of the professional staff are black.

As a result of the above transaction and shares already owned by employees with PDI status, 32,1% of the company’s total equity is black owned.

 

The company also has a strong sense of social responsibility. Initiatives in this direction include the following -

• Material assistance to previously disadvantaged employees with, for example, payment of school and university fees and in other ways.
• Ongoing five year commitments to bursary funds to facilitate the schooling and education of previously disadvantaged children.
• Carrying out various consulting projects at highly discounted fee rates, at cost or on an ex-gratia basis to assist black-owned organisations in establishing themselves as a market force.

In addition, our Cape based associate company in which P-ECS has a shareholding, Work Dynamics, also enjoys empowered status, being 25,1% PDI owned.

 

Back to top