Dear Valued clients,
Please take note of the latest gazetted notice from the DTI regarding the Empowering Supplier Status. The notice allows all companies to be deemed as Empowering Suppliers until further notice. This means that all companies scorecards will count for procurement purposes regardless of their actual Empowering Supplier Notice. If you have a current certificate where you did not qualify as an Empowering Supplier, there will be no need to update your certificate as you will be deemed to be an Empowering Supplier.
For any further queries, please contact your nearest Empowerdex office.
Best regards,
Empowerdex Team
Dear Valued Client,
Most Empowered Companies 2016
For over a decade Empowerdex has researched, listed and published The Most Empowered company’s results, showing the overall ranking of SA’s listed companies, according to their Black Economic Empowerment scores. This year is no different, especially with the effects of the amended BEE codes of good practice now being implemented by many companies.
Published by Independent Newspapers’ Business Report on the 7th of August, the top 10 Most Empowered Companies were announced for 2016. The full report was published on 16th October, consisting of a list of the Most Empowered Companies as verified against the 2007 Codes and its sector codes; as well as a separate 2013 codes Most Empowered Companies. These two lists give an indication of the extent of transformation in the country. As more and more companies are verified against the 2013 codes, it would give us a clearer understanding of where we stand as a country in terms of transformation and adherence to the principles of Broad Based Black Economic Empowerment. The research was carried out by Empowerdex, with editorial supplied by Intellidex, with our publishing partners, the Independent Newspapers.
We would like to extend our congratulations to the pioneering companies that top the 2013 list for achieving what most thought improbable. AEEI, Oceana, Tsogo Sun, Niveus, and HCI have lead the way, and we wish them continued success in this empowerment journey. We look forward to even more contenders next year as everyone settles into being assessed against these more challenging requirements.
Most Empowered Companies 2016 lists can be found below. For further queries, please contact the Research team on 011 883 8548.
Regards
Empowerdex Team
Unit 1, First floor
Cambridge Park
5 Bauhinia Street
Highveld Techno Park
Centurion
0046
Tel: 012 665 2078
Regional Manager: Marko van den Berg This email address is being protected from spambots. You need JavaScript enabled to view it.
SANAS Accreditation BVA 101
Unit 10, The Centenary (Quadrant 1)
30 Meridian Drive
New Town
Umhlanga
4320
Tel: 031 566 1938
Regional Manager: Marko van den Berg This email address is being protected from spambots. You need JavaScript enabled to view it.
SANAS Accreditation BVA 142
Floor 4, The Spaces Claremont Building,
21 Dreyer Street, Claremont
Cape Town
7708
Tel: 021 419 5130
Regional Manager: Nazeem Allie This email address is being protected from spambots. You need JavaScript enabled to view it.
SANAS Accreditation BVA 141
36 Wierda Road, Ground Floor, Block B
36 Wierda Road West, Wierda Valley,
Sandton, Johannesburg
2196
Tel: 011 883 8548
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Postal Address:
Postnet Suite #273
Private Bag X26
Sunninghill
2157
SANAS Accreditation BVA 030
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.
For more information on these advisory services, contact Nomzamo Xaba on (011) 883 8548 or This email address is being protected from spambots. You need JavaScript enabled to view it..
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 local
producers or local suppliers in South Africa, and for service industry enterprises labour is included
but capped at 15%.
2. Job creation – 50% of jobs created are for Black people provided that the number of Black
employees 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 EME
and 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:
South-Africa’s first BEE verifications agency, Empowerdex, pioneered the empowerment verifications methodology and was actively involved in the drafting of the Codes of Good Practice. It is therefore perfectly positioned to guide your company through the maze of BEE and BEE-related legislation and regulations.
Empowerdex is a Level Two BEE contributor and SANAS accredited. It is also a member of the Association of B-BBEE Professionals.
Your organisation will receive a premier BEE rating from the market leader in BEE measurement. Contact your nearest office if you wish to make an inquiry.
We operate through a team of qualified employees and we provide our services in every province. Our clients range from large, JSE-listed companies to Generic, QSE clients representing every industry in the country. Should you require a BEE certificate or further information on any of our services, please contact Empowerdex for more information.
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:-
* Ratings Application Form (find in ratings pack; please contact This email address is being protected from spambots. You need JavaScript enabled to view it. for the relevant documentation)
* Empowerdex's signed Standard Terms & Conditions agreement
* Proof of the initial payment as per the pricing matrix contained in the application pack or as per quotation provided
* Signed declaration
* Company ownership organogram (if you have one)
* Company profile
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.
EMPOWERDEX |
CONTRIBUTION LEVEL |
QUALIFICATION |
PROCUREMENT RECOGNITION LEVEL |
AAA+ |
Level One Contributor |
≥ 100 points on the Scorecard |
135.00% |
AAA |
Level Two Contributor |
≥ 95 But < 100 points on the Scorecard |
125.00% |
AA |
Level Three Contributor |
≥ 90 But < 95 points on the Scorecard |
110.00% |
A |
Level Four Contributor |
≥ 80 But < 90 points on the Scorecard |
100.00% |
BBB |
Level Five Contributor |
≥ 75 But < 80 points on the Scorecard |
80.00% |
BB |
Level Six Contributor |
≥ 70 But < 75 points on the Scorecard |
60.00% |
B |
Level Seven Contributor |
≥ 55 But < 70 points on the Scorecard |
50.00% |
C |
Level Eight Contributor |
≥ 40 But < 55 points on the Scorecard |
10.00% |
D |
Non-Compliant Contributor |
< 40 points on the Scorecard |
0.00% |
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