KCG achieved a Level 1 Authorized Economic Operator (AEO) status with the South African Revenue Service (SARS) with effect from 1 April 2023. This is a significant achievement for the Group and we are rightfully proud to have been recognized for our commitment to excellence in Supply Chain Management.
The AEO status is a globally recognized quality mark and certification that demonstrates a company's compliance with international customs standards. It demonstrates that our business’s role in the international supply chain is secure and has customs control procedures that meet AEO standards and criteria. As a Level 1 AEO, KCG has demonstrated that its supply chain management processes are efficient, transparent, and compliant with all relevant worldwide regulations.
This accreditation provides significant benefits for our customers. It means that as an AEO, KCG is recognized as a trusted and reliable partner in the supply chain and that our customers can benefit from faster customs clearance times, reduced inspection and lower risk of delays or disruptions to their supply chain.