B-BBEE

Social, ethics and transformation report

The group supports the principles and objectives of B-BBEE contained in the DTI Codes of Good Practice on B-BBEE. The board acknowledges its oversight role in driving transformation and empowerment across all seven elements of the DTI scorecard. The Committee has noted that the amended codes of good practice came into effect on 1 May 2015.

The group was assigned a level four B-BBEE contributor status in April 2015 based on the previous codes of good practice. The 2015 rating was verified by AQRate, an accredited empowerment rating agency. The 2016 B-BBEE rating will be verified in June 2016.

 

Summary B-BBEE Scorecard

 

BEE element Maximum 2015 2014 2013 2012 2011
Equity ownership 20 6.13 9.33 11.1 10.5 0
Management control 10 4.38 5.08 4.7 4.7 4.5
Employment equity 15 6.04 5.77 6.1 5.9 8.3
Skills development 15 11.69 12.0 11.7 11.5 7.9
Preferential procurement 20 18.73 17.4 18.0 16.6 18.5
Enterprise development 15 15.0 15.0 15.0 15.0 15.0
Socio-economic development 5 5.0 5.0 5.0 5.0 5.0
Total 100 66.97 69.58 71.6 69.2 59.1
B-BBEE contributor status Level 4 Level 4 Level 4 Level 4 Level 5