{"id":460718,"date":"2021-03-18T09:03:43","date_gmt":"2021-03-18T13:03:43","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=460718"},"modified":"2021-03-18T09:03:43","modified_gmt":"2021-03-18T13:03:43","slug":"sei-south-africa-achieves-level-2-b-bbee-rating","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/sei-south-africa-achieves-level-2-b-bbee-rating\/","title":{"rendered":"SEI South Africa Achieves Level 2 B-BBEE Rating"},"content":{"rendered":"
\n

Achievement Demonstrates Continued Commitment to South African Economic Empowerment<\/h2>\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n JOHANNESBURG<\/span>, March 18, 2021<\/span> \/PRNewswire\/ — SEI (NASDAQ: SEIC) today announced that its South African business, SEI Investments South Africa (Pty) Limited, achieved a Level 2 Broad-Based Black Economic Empowerment (B-BBEE) Rating, scoring more than 95 points on its B-BBEE Certificate. <\/p>\n

“We are exceptionally proud of our long-standing commitment to the South African market,” said Paul Klauder<\/span>, Executive Vice President and Head of SEI’s Institutional Group. “We consider ourselves market leaders in this regard, bringing global best practices to a host of South African clients and a strong belief in the B-BBEE’s agenda for transformation.”<\/p>\n

SEI completed its first in Black Economic Empowerment transaction in 2018 by concluding a share ownership deal with South African staff. SEI earned this rating by meeting B-BBEE requirements in the following elements:<\/p>\n