Unit 1, First floorCambridge Park5 Bauhinia StreetHighveld Techno Park
Tel: 012 665 2078Fax: 012 665 0647
Unit 10, The Centenary (Quadrant 1)30 Meridian DriveNew TownUmhlanga4320
Tel: 031 566 1938Fax: 031 566 4621
14th Floor, The Towers2 Hertzog Boulevard, ForeshoreCape Town8001
Tel: 021 419 5130Fax: 021 419 5131
Postal Address:Postnet Suite #273Private Bag X26Sunninghill2157
SANAS Accreditation BVA 030
“Black Economic Empowerment (BEE) is a program launched by the South African government to redress the inequalities of Apartheid by giving previously disadvantaged groups (black Africans,Coloureds, Indians and Chinese (declared to be Black in June 2008) who are SA citizens) economic opportunities previously not available to them. It includes measures such as Employment Equity, skills development, ownership, management, socio-economic development and preferential procurement.” To read more go to: http://en.wikipedia.org/wiki/Black_Economic_Empowerment
In order to apply for an Empowerdex rating, please feel free to call your local office to get more details.
Your local Client Relations Manager will assist, and provide you with the necessary information you might require. We will want to know which bracket your organisation falls into below, in order to process or assist you with your application for a rating:
Once we are able to determine which bracket your organisation falls into, we can send you the relevant application pack in order for you to proceed with your rating. This application pack is filled with information on the next steps and how to go about your rating with Empowerdex. Please contact your local office to proceed with your rating.
The cost of the verification will be dependent on the complexity of the ownership structure, the number of employees, procurement budget, and number of operating entities. Please contact your local office to assist you further
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 rating process; which is in line with methodology outlined by SANAS and the Dti. Click here to see an explanation.
A Tender Letter will be issued automatically at the start of the engagement process and is valid for a 3 month period, which is the time within which the verification should be completed even if there are delays. Tender letters may, unfortunately, not be re-issued upon expiry thereof. Please contact you local office should you wish to find out more.
Our B-BBEE services include the full range of ratings, advisory, training, assurance services and research.
Empowerdex’s training programmes are designed to ensure clients are thoroughly informed of the latest BEE requirements so that companies and organisations are fully equipped to implement and manage sustainable B-BBEE strategies and practices.
Our courses are continually updated so that companies can apply B-BBEE strategies with confidence of achieving their maximum potential ratings.
We offer an introductory online BEE course as well as an advanced training option; the Certified Empowerment Technician (CET) course. This training workshop is suitable for industry consultants, clients handling their BEE policies, HR managers, transformation champions, CFOs, business owners and anyone who deals with BEE in some capacity within their organisation. For details on BEE training, click here.
Once verified, a company may only use the Empowerdex Certified Empowerment Contributor trademark logo, when referring to its verification status once it has obtained the written consent of Empowerdex. The use of the Empowerdex logo is not permissible. Please consult our Standard Terms and Conditions of verifications, for the terms of utilising the Certified Empowerment Contributor logo. It should be noted that use of the logo must be followed by the actual verified status achieved by the company, i.e.: ‘Empowerdex Level Four verified’ and NOT simply ‘Empowerdex verified’. A company may not make use of the Empowerdex branding logo without permission in writing, from Empowerdex. Contact us on (011) 883 8548 for more details.
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:
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 founding member of the Association of BEE Professionals and is registered with the Independent Regulatory Board for Auditors.
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 qualified team of 100 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:-
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 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.
The Indicative Rating Process:
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.
Joint Venture/Consortium 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.