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Glenrand M•I•B Limited is a Licenced Financial Service Provider
BBB-EE
Broad Based Black Economic Empowerment (“BBB-EE”)
Glenrand M•I•B is currently a Level 3 Contributor in terms of the DTI BBB-EE codes. FINRITE, being a wholly owned subsidiary qualifies for this status as well.
This means that the procurement recognition level, in terms of these codes, is 110%. We are, however, also recognized as a Value Adding Enterprise, which entitle clients to claim their procurement spend with us at the enhanced procurement recognition Level of 137.5% (110% x 1.25), when measuring your spend with black suppliers.
