If you are interested in seeing the list of all the Most Empowered Companies please see below.
Transaction impact analysis provides scenario analysis to forecast the impact of the transaction on the economic empowerment status of the acquirer and target firms. The service aims to reduce the potential risks associated with unsustainable empowerment structures. It aims to enhance the value of empowerment transactions to both entities.
The following forms of transaction analysis are available:
Transaction analysis and advisory services can include a public opinion or statement by Empowerdex at the client's request. Over and above Ownership advisory we also offer implementation of the requirement of the amended BEE CoGP, including Sector Charters.
The best practice analysis supports and guides companies in the design and implementation of empowerment initiatives. Empowerdex evaluates the proposed initiative against global and industry best practices and identifies any potential gaps. The findings from the analysis will highlight any risks and opportunities associated with the structure and will assist you in the effective and efficient implementation of empowerment initiatives.
Empowerdex offers a BEE partnering service, tailored for medium-sized non-B-BBEE entities, wishing to expand the scope of their business and opportunities, as well as comply with the ownership element of the Codes of Good Practice, through the introduction of a B-BBEE partner.
On 11 October 2013, the Minister of Trade and Industry, Dr Rob Davies signed into law the Codes of Good Practice under S9(1) of the Broad-Based Economic Empowerment Act 53 of 2003.These Codes came into effect immediately and with a transitional period ending on 10 October 2014.In terms of these Codes, Companies operating in South Africa will need to show evidence of being Empowering Suppliers. This refers to B-BBEE compliant entities that comply with all the regulatory requirements of the country and meet the following criteria:1. At least 25% of Cost of Sales, excluding labour cost and depreciation, must be procured from localproducers or local suppliers in South Africa, and for service industry enterprises labour is includedbut capped at 15%.2. Job creation – 50% of jobs created are for Black people provided that the number of Blackemployees since the immediate prior verified B-BBEE Measurement is maintained.3. At least 25% transformation of raw material/beneficiation which include local manufacturing,production and/or assembly, and/or packaging.4. Skills transfer – at least spend 12 days per annum of productivity deployed in assisting Black EMEand QSE beneficiaries to increase their operation or financial capacity.The above criteria will be applicable to entities as follows:
Assuredex, together with Empowerdex is able to assist with the following:
Most Empowered Companies 2017We are pleased to present the results of the 2017 Most Empowered Survey which were announced at a Gala Dinner on 4th October 2017.This survey is published by Independent Newspapers’ Business Report and we would like to extend our congratulations to the participating companies and we wish them continued success in this empowerment journey. We look forward to even more participants next year as everyone settles into being assessed against the more challenging transformation requirements.The 2017 Most Empowered Companies lists can be found on the link below.For further queries, please contact the Research team on 011 883 8548.
A market leader in the field of economic empowerment research, Empowerdex produces quantitative and qualitative studies on issues related to all forms of economic empowerment and its impact. We also assess qualitative issues involving B-BBEE and its implementation.
Our research measures the impact of B-BBEE policies, regulations and legislation. In so doing it provides a foundation for the development and implementation of effective and sustainable policies, strategies and frameworks. It also identifies and quantifies empowerment risks and opportunities.
Based on this research, Empowerdex advisory services are based on global and industry best-practice analysis designed to support and guide companies and organisations in implementing successful empowerment initiatives.
Empowerdex has other services designed to assist to drive transformation. Please speak to us on how we can assist you with your unique circumstances.
The collation service is an offering whereby a separate team would assist your company in collating the correct information required for the rating process and compiling a rating to be presented to the rating team.
This will be similar to the rating process, but over and above collecting information and verifying it, an analysis of your current processes and systems will be done. At the end the process, a report will be formulated that will include the scorecard of the company (for internal use only), a processes analysis, as well as a gap analysis showing which areas the company falls short in, and which areas more effort is required.
The gap analysis can also be done after the rating, where the process is used to determine which areas require more attention, and what the possible score would be based on a few small changes.
Similar in basic processes to the formal rating, the Indicative Rating's difference lies in the fact that the scorecard information is not verified, but information supplied by the client is accepted on “face-value”.
It is of the utmost importance to note that this indicative rating process will NOT result in a rating certificate that may be used in the normal process of proving compliance. It is normally used as an internal “pre-rating” exercise to determine whether changes need to be made prior to rating, or whether the client is ready for the process. The value of this exercise lies in the much shorter turn-around time than the rating exercise, but still results in a deliverable which produces enough information to form the basis of the chronological next step, full rating.
With this we verify your ownership element only and provide you with a detailed certificate of your ownership. The normal verification process is followed and the end result will be a valid ownership certificate.
With this we will verify a unicorporated Joint Venture that was created between two or more companies for a specific project or as a temporary working together solution. We will assess the BEE certificate of all the involved parties against the share each of the entities has in the Joint Venture or Consortium. The end result will be a Joint Venture/Consortium certificate that is valid for 12 months.
Kindly contact your local Client Service Consultant in order to receive a quote on any of the above service offerings.
We've created this animation of Empowerdex's rating process for you to view. Read further to get more detail and understand how we can work together for best results.
If you wish to engage us please fax the following documentation:-
On receipt of the above you will be contacted to provisionally accept the verification, and to either set up a preliminary site visit date, or confirm the dates when the verification file will be received from the company.
Empowerdex file with all the requirements as per the Verification Questionnaire should be received. A verification site visit will be conducted after receiving the file once the analyst has chosen what items they will be sampling. Should the file be incomplete, the analyst will send a list of outstanding information that will be required on-site. The purpose of the site visit is to verify information, not to collect information. The analysis of the information must also happen prior to the site visit at the analyst's office, and not on the verification day. Therefore, if the list the analyst compiles is too long, or requests important material information, these will have to be sent beforehand to the office before a site visit date can be confirmed.
A verification site visit date will initially be set as soon as possible after the receipt of the verification file.
Empowerdex will perform a verification of the information presented, as well as any risk areas identified during analysis of the underlying information through the use of verification procedures, including the validation of supporting documentation, interviews with company representatives, employees, Enterprise Development and/or Socio Economic Development beneficiaries during the verification visits.
On completion of the analysis, Empowerdex will:
Hold a Preliminary Meeting after the verification to communicate the preliminary score and any problems experienced during verification.
The analyst will go back to the office, where the file will be reviewed and a preliminary report will be issued.
The client then has another 5 working-day window period, to appeal against the preliminary score received, should they wish to do so. For more information on the appeal process please consult the company’s 'appeals policy and procedure' document, or ask the client services department to explain the process to you.
Should there be an appeal and all handled satisfactorily, the final report will be issued within five days of acceptance of the preliminary report.
Once you have gone through the verifications process, you will be awarded a verification report with a verification certificate. The overall verification score will be issued as per guidelines in the Codes of Good Practice, e.g.: Level 3 Contributor.
Should you require an in-depth report, especially for board presentation, this can be arranged at an additional fee. Please contact us to discuss this in more detail.
PROCUREMENT RECOGNITION LEVEL
Level One Contributor
≥ 100 points on the Scorecard
Level Two Contributor
≥ 95 But < 100 points on the Scorecard
Level Three Contributor
≥ 90 But < 95 points on the Scorecard
Level Four Contributor
≥ 80 But < 90 points on the Scorecard
Level Five Contributor
≥ 75 But < 80 points on the Scorecard
Level Six Contributor
≥ 70 But < 75 points on the Scorecard
Level Seven Contributor
≥ 55 But < 70 points on the Scorecard
Level Eight Contributor
≥ 40 But < 55 points on the Scorecard
< 40 points on the Scorecard
The Indicative Rating Process:
Joint Venture/Consortium Certificate: