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.RegardsEmpowerdex Team
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:
Empowerdex: Inspiring Empowerment through Innovation, Research and Technology
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.
Since 2001, Empowerdex has been redefining empowerment in Africa and taking it to newer heights by achieving milestones that stand testament to Africa’s continuous development and involvement in the Broad-Based Economic Black Economic Empowerment landscape.
Empowerdex’s mission is to promote the growth of businesses that operate in Africa by assisting them in acquiring clients and investors and guiding them in best-practice strategies. The training division teaches companies about the Codes of Good Practice and Sector Codes from a holistic point of view with sustainability a key feature: programmes are designed to withstand changes in the underlying codes.
Empowerdex Services at a Glance
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 smaller QSEs and EME 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.