Broad-Based Black Economic Empowerment (B3E2) aims at substantially increasing
black participation at all levels in the economy. This strategic imperative tries to
redress the imbalances of the past by transferring more ownership, management and
control of South Africa's financial and economic resources to the majority of its
citizens. It also aims to ensure broader and more meaningful participation in the
economy by black people.
Strate believes that B3E2 is a component of the broader transformation imperative in
our country. Strate believes that the starting point of our sustainable business is to
understand the moment we are in, to understand the forces that shape the
behaviour of our clients, and to lead our employees towards using our resources to
create sustainable value to the market. Strate's approach to transformation is to
address the elements of the B3E2 scorecard as identified in the Codes of Good
Practice.
In executing its B3E2 strategy, Strate will remain focused, delivering clearing and
settlement services while ensuring good corporate governance and citizenship. The
company will follow an integrated approach which seeks to engage all stakeholders
in creating an enabling environment that contributes to the development of the
country and the transformation of South Africa's economy. In its ongoing quest to
meet its transformation objectives, Strate has devised its transformation strategy and
plan for the next 5 years.