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Enter your company details to receive an mPowerRatings BEE scorecard for your organisation.
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mPowerRatings provides an online BEE-status scorecard, which is completed by the subscriber wishing to gain an indication of its empowerment status. The scorecard is transparent, and can be updated by the subscriber at any time. The subscriber warrants that the information is correct , but in addition, it can also be verified by an external service provider, such as a company's auditor, in which case it will be indicated in tick boxes alongside each BEE criterion. The subscriber's BEE Contribution Level is indicated at the bottom of the scorecard.



Contacts Send E-mail Company Information
Location Johannesburg - Illovo


Company Comment
The company's BEE initiatives are aimed at the grassroots development of all its employees. This includes the ownership by all its employees of 25% of the equity in the company. A further 37.5% of the equity is black-owned. The company is also sponsoring a micro- enterprise in terms of the m-Power Micro-Enterprise Mentorship Program.


Question Points out of % Score Verified
BEE Measurement Period
From
2008-03-01 To 2009-02-28
Annual Turnover between R5 million and R35 million       Yes  
 
Value-Adding Enterprise: Are you registered as a vendor under the Value-Added Tax Act of 1991, and does your Net Profit before Tax summed with your Total Labour Cost exceed 25% of the value of your Total Revenue?       No  
 
More than 30% Black Women Owned       Yes  
 
Element 1: Ownership
Voting Rights
% Exercisable voting rights in the Enterprise by black people   6/6   62.50%  
 
Economic Interest
% Economic interest in the Enterprise to which black people are entitled   9/9   62.50%  
 
Realisation points
Ownership Fulfillment
Is the BEE ownership restricted in any way other than a loan?
  0/1    Yes  
 
Net Equity Interest
Were loans used to acquire the BEE owned shares?
  6.72/9    Yes  
 
Bonus points
Involvement in the ownership of the Enterprise by black women   0/0   0.00%  
 
Involvement in the ownership of the Enterprise by black Participants in Employee Ownership Schemes. Co-operative's or Broad-Based Ownership Schemes   0/0   0.00%  
 
Element 2: Management Control
Owner-Manager level participation
Black Representation at Top-Management level   25/25   100.00%  
 
Bonus points
Black women representation as Top-Management   0/0   0.00%  
 
Element 3: Employment Equity
Black employees of a Measured Entity who are Management as a percentage of all Management adjusted using the Adjusted Recognition for Gender   11.25/15   30.00%  
 
Black Employees of the Measured Entity as a percentage of all employees adjusted using the Adjusted Recognition for Gender   10/10   70.97%  
 
Bonus point for meeting or exceeding the EAP targets in each category above       No  
 
Element 4: Skills Development
Adjusted skills development spend on learning programmes for black employees as a percentage of leviable amount   25/25   2.00%  
 
Element 5: Preferential Procurement
BEE Procurement Spend from all Suppliers based on the BEE Procurement Recognition Levels as a percentage of Total Measured Procurement Spend   25/25   58.00%  
 
Element 6: Enterprise Development
Average annual value of all Qualifying Contributions made by the Measured Entity as a percentage of Net Profit after Taxation   0/25   0.00%  
 
Element 7: Socio-Economic Development
Average annual value of all Socio-Economic Development Contributions and Approved Socio-Economic Development Contributions made by the Measured Entity as a percentage of Net Profit after Taxation   0/25   0.00%  
 
Score derived from the following elements
Preferential Procurement25
Skills Development25
Management Control25
Ownership21.72

Standard Score
  96.72 / 100   96.72%    
Bonus Score
  0        
Total
  96.72 / 100   96.72%    
Contributor Level
  Level Two Contributor        
Contacts Send E-mail Company Information