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LEVEL 1 B-BBEE RATING FOR LIVIERO BUILDING

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I am pleased to announce that Liviero Building have maintained their Level 1 B-BBEE rating. This

achievement illustrates our commitment to transformation and makes us a strong contender in the

tendering market and a preferred contractor amongst our existing and future clients.

On 24 October 2014, the Generic revised codes of Good Practice (B-BBEE Act of 2013) were

promulgated and came into law. These revised codes were a substantial change to the previously

published codes and placed significantly more difficult obligations on companies.

The intention was for the Construction Sector Charter Council to agree a new set of Construction Sector

Codes (based on the new Generic Codes) but these revised codes have not been significantly delayed

and have not been promulgated yet.

This Level 1 rating is a major accomplishment given the increased obligation of rating under the new

codes.

A special thanks to all involved for their hard work and efforts during the year in review and through the

audit process.

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