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Cape Town - The Cape Town International Convention Centre (CTICC) has scooped first place in the exhibition and conference facilities category of the Top500 Companies awards.
The Top500 ratings have been developed in conjunction with the University of Cape Town’s Policy Development Research Unit. To merit a Top500 rating, companies must excel in three specific disciplines: policy and accreditation, financial performance and empowerment.
CTICC CEO Julie-May Ellingson said the CTICC is honoured to have received this accolade in recognition of its exceptional efforts during the 2014/2015 financial year, which yielded the best financial, economic and social sustainability results in its 12-year history.
According to the Ellingson, it has created and sustained more than 91 000 direct and indirect jobs since its inception. In the past financial year the CTICC contributed R3.4bn to the gross domestic product (GDP) and R3.1bn to regional GGP as well as R1.72bn to indirect household income. About R263m (86%) of the CTICC’s total procurement was from BBBEE companies, 28% from women-owned companies, 67% with SMMEs and 90% of all procurement was from locally based firms, Ellingson pointed out.
"At the CTICC we recognise that economic sustainability is only possible through a willingness to continually invest back into our product offering and infrastructure. And this is the reason we are expanding. The most notable infrastructure project has been the construction of CTICC East, which will be a significant extension of our existing facility, with a budget of R832m," she said.
The Top500 ratings have been developed in conjunction with the University of Cape Town’s Policy Development Research Unit. To merit a Top500 rating, companies must excel in three specific disciplines: policy and accreditation, financial performance and empowerment.
CTICC CEO Julie-May Ellingson said the CTICC is honoured to have received this accolade in recognition of its exceptional efforts during the 2014/2015 financial year, which yielded the best financial, economic and social sustainability results in its 12-year history.
According to the Ellingson, it has created and sustained more than 91 000 direct and indirect jobs since its inception. In the past financial year the CTICC contributed R3.4bn to the gross domestic product (GDP) and R3.1bn to regional GGP as well as R1.72bn to indirect household income. About R263m (86%) of the CTICC’s total procurement was from BBBEE companies, 28% from women-owned companies, 67% with SMMEs and 90% of all procurement was from locally based firms, Ellingson pointed out.
"At the CTICC we recognise that economic sustainability is only possible through a willingness to continually invest back into our product offering and infrastructure. And this is the reason we are expanding. The most notable infrastructure project has been the construction of CTICC East, which will be a significant extension of our existing facility, with a budget of R832m," she said.
