F-Secure Cyber Security (Pty) Ltd now a Level 4 contributor to B-BBEE in South AfricaShareholder agreement delivers 30% Black Women Ownership
Johannesburg, South Africa—November 26, 2019: Cyber security provider F-Secure has successfully concluded the search for a suitable B-BBEE partner for its South African entity by entering into a shareholding agreement with the Masibambisane Empowerment Trust on October 1, 2019.
The beneficiary of the B-BBEE trust is Rays of Hope, an organization based in Alexandra, Johannesburg. F-Secure completed necessary due diligence to ensure that the contribution to the applicatory Trust aligns with the codes of good practice while supporting South African economic growth through a broad-based ownership scheme.
About Rays of Hope
Rays of Hope is a non-profit and public benefit organization committed to social upliftment for the orphaned and vulnerable in an empowering and lasting manner. Focus areas include education and work readiness. To find out more about Rays of Hope and other companies contributing to their sustainability, visit the Masibambisane Empowerment Trust’s website (www.metrust.org.za).
Paying it forward
F-Secure Cyber Security South Africa remains committed to B-BBEE and contributing to meaningful change in South Africa. The focus on graduate development programs to overcome the IT security skills shortage is a testament to the company’s dedication to skills development both locally and globally. A partnership of this nature will enhance on-going efforts to develop and nurture exceptional talent.
Nobody has better visibility into real-life cyber attacks than F-Secure. We’re closing the gap between detection and response, utilizing the unmatched threat intelligence of hundreds of our industry’s best technical consultants, millions of devices running our award-winning software, and ceaseless innovations in artificial intelligence. Top banks, airlines, and enterprises trust our commitment to beating the world’s most potent threats. Together with our network of the top channel partners and over 200 service providers, we’re on a mission to make sure everyone has the enterprise-grade cyber security we all need.
Founded in 1988, F-Secure is listed on the NASDAQ OMX Helsinki Ltd.
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