BEE charter for cosmetics industry

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The mainstream cosmetics industry has begun the process of developing a self-driven Black Economic Empowerment Plan, which is set to include the majority of black firms into the sector.

The cosmetic industry, in partnership with the Department of Trade and Industry, has set up a Steering Committee to work on draft BEE plan.

The steering committee is part of an agreement signed by the Cosmetic, Toiletry and Fragrance Association of SA (CTFA) and the dti to start developing a BEE plan for the industry.

The steering committee will be chaired by Herman Mashaba, CEO of the multi million Rand Black Like Me hair products company.

Ruth Sanderson from CTFA said the committee would hold a discussion meeting and decide whether the BEE plan should be made a fully-fledged charter for the sector.

The dti said the initiative would see all stakeholders in the cosmetics industry from local and multi-national companies that manufacture, distribute, or import cosmetics, toiletry preparations, or perfumery, getting involved in drafting the plan.

They will also forge relations with other sector charters so that the draft a charter would be in line with government's overall BEE Strategy.

Stakeholder report-back meetings will be held on a monthly basis.

"The steering committee will thus ensure that all stakeholders of the cosmetic industry have the opportunity to participate in the process and are kept fully informed of progress and, ultimately, of the draft BEE Plan," said the dti.

Other members of the committee include, Ann Gradidge, Nizam Kalla, Scott Maddock, Maude Mthethwa, Sipho Mahlobo, Alice Phatudi, Russell Pollard, Dave St Quintin, Ms Sanderson, Jill Gardiner.

To ensure that all stakeholders are included in this process, the dti and CTFA have invited every eligible company to forward its details to CTFA on (011) 475 2212, fax: (011) 475 4951 or e-mail: [email protected].

Source: BuaNews

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