Waco Africa Level 2 BBBEE Accreditation

Waco International is pleased to announce that subsidiary Waco Africa (Pty) Ltd has improved its Broad-Based Black Economic Empowerment (BBBEE) rating from Level 3 to Level 2, reconfirming their commitment to sustainable transformation.

Waco Africa has 51.81% black economic ownership which includes 19.94% of the Company’s equity being owned by black women and 11.81% falling into the Black Designated Ownership group.
Chief Financial Officer Eben Le Roux said, “The Level 2 achievement also translates into real benefits for our customers as Waco Africa is an Empowering Supplier allowing 125% of a customer’s total spend to be claimed when calculating the Enterprise and Supplier Development (ESD) spend on their BBBEE scorecard.”

Download the updated Level 2 BBBEE Certificate here.