1.0 Qualifying Small Enterprises

Black Economic Empowerment Plan as contemplated in section 11 (2) © of the Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003). To view the complete document in PDF file format click HERE

1.1 Qualifying Small Enterprises in terms of the Codes of Good Practice issued in terms of section 9 of the Broad Based Black Economic Empowerment Act, 53 of 2003. View pdf document of content listed below.

Ownership:

Indicator	Weighting	Compliance Target	Actual Level	Sub Total	Total
1.0 Voting Rights Excercisable Voting Rights in the Enterprise in the hands of Black People	6	25% + 1 vote	The business has opted not to be rated on this element.
2.0 Economic Interests Economic interests of black people in the enterprise	9	25%
3.0 Realisation point 3.1 Ownership Fulfilment	1
3.2 Nett Value	9
4.0 Bonus Points 4.1 Involvement in the ownership of the enterprise by Black women	2	10%
4.2 Involvement in the ownership of the enterprise by black participants in Employee Owneship Schemes, Co-operatives or Broad Based Ownership Schemes	1	10%

MANAGEMENT & CONTROL

Indicator	Weighting	Compliance Target	Actual Level	Sub Total	Total
1.0 Black Representation at Top Management Level Excercisable Voting Rights in the Enterprise in the hands of Black People	25	50,1%	The business has opted not to be rated on this element.
Bonus Points: Black Women Representation at Top Management	2	25%
MANAGEMENT AND CONTROL TOTAL

EMPLOYEMENT EQUITY:

Indicator	Weighting	Compliance Target	Actual Level	Sub Total	Total
1.0 Black Employees of the Measured Entity who are management adjusted using the Adjusted Recognition for Gender.	15	40% (Years 0 – 5) 60% (Years 6 – 10)	36,66%	91,65% x 15%	13,75%
2.0 Black Employees of the Measured Entity as a percentage of all employees adjusted using the Adjusted Recognition for Gender.	10	60% (Years 0 – 5) 70% (Years 0 – 5)	50,58%	84,30% x 10%	8,45%
3.0 Bonus points for meeting or exceeding the EAP targets in each category.	2
EMPLOYEMENT EQUITY TOTAL					22,17%

SKILLS DEVELOPMENT (The business has the option to choose business development)

Indicator	Weighting	Compliance Target	Actual Level	Sub Total	Total
Adjusted Skills Development spend on learning programmes for black employees as a percentage of Leviable Amount.	25	2%	0.54%	27%	6.75%
SKILLS DEVELOPMENT TOTAL					6.75%

PREFERENTIAL PROCUREMENT:

Indicator	Weighting	Compliance Target	Actual Level	Sub Total	Total
BEE Procurement spend from all suppliers based on the BEE Procurement Recognition Levels as a percentage of Total Measured Procurement Spend.	25	40% (Years 0 – 5) 50% (Years 0 – 5)	Points will be allocated as soon as proof is submitted.
PREFERENTIAL PROCUREMENT TOTAL

ENTERPRISE DEVELOPMENT:

Indicator	Weighting	Compliance Target	Actual Level	Sub Total	Total
Average Annual value of all qualifying contributions made by the measured entity as a percentage pf the target.	25	2% of NPAT	2%+.	100%	25%
ENTERPRISE DEVELOPMENT TOTAL					25%

SOCIO ECONOMIC DEVELOPMENT

Indicator	Weighting	Compliance Target	Actual Level	Sub Total	Total
Average Annual value of all Socio Economic Development Contrinutions and Approved Socio Economic Development Contributions made by the measured entity.	25	1% of NPAT	Points will be allocated as soon as proof is submitted.
SOCIO ECONOMIC DEVELOPMENT TOTAL

Management & Control

Total of 4 elected elements (The business will choose 4 elements) 53,92%

1. EMPLOYMENT EQUITY

2. SKILLS DEVELOPMENT

3. PREFERENTIAL PROCUREMENT

4. ENTERPRISE DEVELOPMENT

5. SOCIA ECONOMIC DEVELOPMENT

Assessment was conducted based on the information supplied by the client.

Therefore the measured entity is unofficially deemed as a Level 6 Contributor.