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Ricoh SA ownership structure reinforces the spirit of BEE transformation

Ricoh SA, formerly wholly owned by Ricoh Europe, has implemented a black ownership structure that achieves 52,4% black and black women ownership.
This transformative ownership structure that empowers South Africans demonstrates multinational Ricoh’s belief in the South African and African markets as a business destination and signals its commitment to its network of local partners.
“Our new structure is the result of 18 months of dedication towards a representative shareholding and the sustainable development of previously disadvantaged communities. Ricoh SA’s commitment is further demonstrated through the achievement of B-BBEE Level 4 that provides customers 100% procurement recognition, as well as additional points for our designated group supplier status,” says Jacques van Wyk, COO of Ricoh SA. “We have appointed a permanent transformation executive as part of our commitment to further transform the business who will manage our on-going effort to maintain and improve the broad-based black economic empowerment (B-BBEE) scorecard and transformation activities.”
Ricoh SA’s Level 4 status is under the revised codes of the Information and Communication Technology (ICT) Sector Scorecard and the company is one of only a handful in its market to have achieved its rating under the revised ICT sector codes.
This major local achievement for the international organisation is in line with Ricoh founder Kiyoshi Ichimura’s founding principles that inform the company’s operations worldwide. They led to his declaration of the Spirit of Three Loves that guide the organisation’s mission and values: “Love your neighbour, love your country, love your work.”
Ricoh SA’s empowerment and ownership structure partners the organisation with Phakamani Foundation and Support Teacher Empowerment Trust (STET).
Phakamani Foundation is a public benefit organisation (PBO) that empowers poor rural women to succeed in their own micro-enterprises. The organisation provides an integrated programme of training micro-entrepreneurs to save to support their own micro-enterprises.
The Support Teacher Empowerment Trust (STET) beneficiaries are black South African teachers and trainee teachers. The organisation grants bursaries and training for students to study teaching as well as qualified teachers to further their studies. STET works with ORT SA to empower black South African women teachers.

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About Us

Ricoh is a global technology company specialising in office imaging equipment, production print solutions, document management systems and IT services. Headquartered in Tokyo, Ricoh Group operates in about 200 countries and regions. In the financial year ending March 2014, Ricoh Group had worldwide sales of 2,236 billion yen (approximately 21.7 billion USD).

The majority of the company’s revenue comes from products, solutions and services that improve the interaction between people and information. Ricoh also produces award-winning digital cameras and specialized industrial products. It is known for the quality of its technology, the exceptional standard of its customer service and sustainability initiatives.

Under its corporate tagline, imagine. change. Ricoh helps companies transform the way they work and harness the collective imagination of their employees.

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Contact Us

Ricoh South Africa (Pty) Ltd
011 723 5000
0800 100 040
28 Milky Way, Linbro Business Park, Linbro
info@ricoh.co.za
ricoh.co.za

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Our People

Jacques van Wyk, Chief Operating Officer

Lauren Timmer-Somer, Head of Marketing and Technology Services

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