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April 2 - Companies and groups in South Africa's casino industry have set about to set protocols and implement programs which would improve their BEE levels. The Casino Association of South Africa (CASA) confirmed that the group aims to reach Level 4 by next year and is working with all its member casinos to ensure that the plan is completed by 2010.
When casino licenses were first dispensed in South Africa, one of the criteria was that the establishments could prove that their policies included shareholding and job creation, skills development and other criteria eventually set down in BEE legislation.
The Chief Executive Officer of CASA, Derek Auret said: "The casino industry was one of very few industry sectors in respect of which a meaningful framework was put in place for the promotion of black economic empowerment. The philosophy and objectives underpinning B-BBEE have been embraced by all casino operators and were taken up in conditions of license when these were awarded."
"The conditions constitute binding and legally enforceable contracts between the relevant boards, as organs of state, and the casino operators," continued Auret. "It is therefore a matter of record that the casino industry has been a pioneer in the development of this important policy that has now formally become part of South African economic reality."
CASA represents all but just two of the licensed casinos in South Africa, which represent an annual turnover of nearly R2 billion.
At present, 46% of the voting rights in licensed South African casinos are in the hands of black people, making the casino industry, nationally, BBE Level 6.
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