CMC Networks Achieves B-BBEE Level 1 Status in South Africa for the Third Year Running
The company has been awarded the highest level that can be achieved by an organisation, with a score of 120+ on the B-BBEE scorecard
Johannesburg, South Africa, 28th February 2023 – CMC Networks, a global Tier 1 service provider, has achieved the Broad-Based Black Economic Empowerment (B-BBEE) Level 1 status in South Africa for the third year running. B-BBEE is a policy framework in South Africa aimed at addressing the country’s historic economic imbalances, by promoting economic transformation and increasing participation of black people in the economy.
CMC Networks has been awarded the highest level that can be achieved by an organisation, with a score of 120+ on the B-BBEE scorecard. This measures levels of compliance across Ownership, Management Control, Skills Development, Enterprise & Supplier Development and Socio-Economic Development.
“We are very proud that CMC Networks has achieved B-BBEE Level 1 status for the third year running,” said Marisa Trisolino, CEO at CMC Networks. “It’s a significant milestone for our organisation, and a testament to our ongoing commitment to meet our transformation objectives. We will continue to support all stakeholders in the environment in which we operate.”
The Level 1 B-BBEE status provides benefits to multiple stakeholders, including CMC Networks’ customers in terms of procurement spend. Employees benefit from skills development opportunities, and investors have increased environmental, social, and governance (ESG) assurance. For the wider society, community development and youth employment opportunities are accelerated.
“We believe in providing equal opportunities for everyone. Our Skills Development initiatives help us to recruit and develop top talent across South Africa, including career pathways for unemployed graduates and people with disabilities. We put emphasis on leadership development, mentoring, employee bursaries, learnerships, internships, and working student bursaries,” added Trisolino. “We are making significant investments in all these areas and playing our part in promoting transformation across South Africa.”
CMC Networks has the largest pan-African network servicing 51 out of 54 countries in Africa and 12 countries in the Middle East, plus regional hubs in key interconnect locations across Europe, UK, the Americas and Asia Pacific. It combines network reach across six continents with innovation in AI, cloud, cybersecurity, EDGE, SDN, virtualisation and a range of services, to solve local enterprise challenges with world-class solutions.
About CMC Networks
CMC Networks is a global Tier 1 service provider that enables and accelerates the digital transformation in the most challenging markets in the world. Headquartered in South Africa and providing services for over 30 years, it combines network reach across six continents with innovation in AI, cloud, cybersecurity, EDGE, SDN, virtualisation, and a range of services to solve local enterprise challenges with world-class solutions.
CMC provides data communications to Carriers, Governments, Multinationals, and various non-profit organisations, operating in excess of 110 Service Locations providing a cost-effective, scalable and resilient network.
CMC Networks has the largest pan-African network servicing 51 out of 54 countries in Africa and 12 countries in the Middle East, plus regional hubs in key interconnect locations across Europe, UK, the Americas and Asia Pacific. CMC’s majority shareholders are The Carlyle Group, a global investment firm with $222 billion of assets under management across 365 investment vehicles.