SIP, although in a very unassuming manner, is extremely proud of its contribution to Black Economic Empowerment in South Africa and has been instrumental in initiating numerous joint venture companies and running/twinning with them until they were of sufficient capacity and competence to operate entirely on their own. Some of these companies have become SIP's biggest competition.
In addition SIP have made a significant proportion of their shares available to the Okafala Trust who is now the largest shareholder in SIP. The mandate of this Trust is to fund the purchase of shares by previously disadvantaged employees within SIP as well as to create a Pension Investment on behalf of selected employees as well as to provide funding for bursaries to both employees and the previously disadvantaged community of the country.
A joint venture with Absolute Project Managers (APM) was initiated in 2008. SIP holds 48% of the shares and APM the remaining 52%. Due to administrative difficulties, APM only became operational in October 2009.
SIP Project Managers is committed to the principles of the Broad Based Black Economic Empowerment Act No. 53 of 2003. We are currently a level 4 contributor . Our current scorecard in terms of the DTI Generic Codes of Good Practice as well as The Construction Charter Scorecard are compliant. We constantly pursue new opportunities to embrace more suitable black individuals from inside and outside of the company.