Investec comes back for the second consecutive year in the higher rankings of the TEC survey. Last year, it claimed 6th position with a total score of 72%. This year it is sitting on 17th with 69,4%. This proves that BEE compliance, like any other piece of regulation, has to be accompanied by a well oiled PR machine. In general terms, Investec is a sucker for bad PR. Remember the storm caused by Bonga Bangani, a former employee who wrote a scathing public letter about Investec. Surely the aftermath could have been handled better given the record produced in the TEC survey. This includes black economic and voting rights of 25%. Besides management, other scores are fair.
