Empowerment

During July 2006 a black economic ownership transaction has been concluded with Stimulus, a black owned Namibian investment company. CYMOT has been classified as a ‘good contributor’ in terms of its broad based BEE status and is an empowered company per the BBBEE Scorecard of the Namibia Preferential Procurement Council (NPPC).

In line with Namibia’s employment equity initiatives CYMOT has invested strongly into the training and advancement of previously disadvantaged employees. The training policy of CYMOT also allows employees to further their knowledge base through company funded initiatives.

The structured three year internal training program of CYMOT has proved to be highly successful and the good results have been achieved through a dual training system, where theoretical and practical training is combined in one program. Through the Commercial Advancement Training Scheme (CATS), all students are enrolled in courses offered by the Polytechnic of Namibia. CYMOT is proud to have earned the recognition award for the best company mentorship program for 2007, the first year this award was handed out.

CYMOT has also decided to sponsor the top student of the CATS program until 2010 with a notebook computer.