BEE - Internal
TT Innovations is guided by the BEE policies of the Martin & East group. As a business that understands the imperative to continually transform itself and facilitate the transformation of the industry in which it operates, Martin & East is absolutely committed to sustainable empowerment at every level. To this end, we have pledged, to our staff, clients and peers, that we will:
- collectively value and protect the health and safety of our people and will respect our environment and the need for sustainability.
- contribute to efficiently producing excellent quality work.
- be a learning organisation where individuals continuously improve their skills and value. (For the past 30 years, our student training programme has been deepening our staff talent pool while our focus on continued on-the-job learning keeps us ahead of the game.)
- be committed to our duties and support our co-workers by being present.
- protect our company assets through care, maintenance, and strict loss control.
- promote, and be open to, new ideas and innovations arising from within the company.
By living out the values espoused in this pledge, Martin & East ensures both the sustainability of its operations and the realisation of its empowerment vision for its staff via a culture of safety, commitment and shared ownership.
Financial Empowerment
At a financial sustainability level, the empowerment of Martin & East staff is achieved via two specific financial empowerment vehicles - Isidima and the Isidima Trust.
About Isidima
Isidima is a 100% black economic empowered company that forms part of the Martin & East Group. Wholly owned by previously disadvantaged senior employees of Martin & East, Isidima is completely autonomous and was established in 2001 as a means of empowering and financially rewarding black senior employees of the group.
A true empowerment organisation, Isidima differs from many other BEE companies because shares in the business must be bought by employees using their own funds. There is also an aspirational element to Isidima because shares are only available to qualifying staff members who are in the top 10% of black salaried employees of the companies within the Martin & East Group. In addition, shareholders must have been with the group for a minimum period of three years and must be currently employed in order to hold shares.
Isidima’s level 1 BEE rating and level 7 CIDB rating ensures that contractors and partner businesses have a means of bolstering their BEE credentials when tendering for major contracts.
About the Isidima Trust
Established to deliver direct benefits of the success of Martin & East and Zebra Paving to the people that help realise that success, the Isidima Trust owns 10% of the two businesses, with employees (mainly previously disadvantaged individuals) of the organisation as the beneficiaries of the Trust. Beneficiary membership is purely volun-tary and benefits are calculated based on the cost to company and number of years of service of these employees.
