Broad Based Black Economic Empowerment

Graphicraft is a company that has been committed to the goals of B-BBEE since 1985, and we would like to highlight our compliance with the BROAD - BASED BLACK ECONOMIC EMPOWERMENT ACT 53 of 2003, Section 9(5), draft Code of Good Practice.

In accordance with Code 1000 Para. 13.2.3., Graphicraft is considered to be a Qualifying Small Enterprise (QSE) both in terms of Company turnover and staffing levels. During the Transitional Period defined in Para 11.2 of Code 1000, a QSE must self – certify its B-BBEE compliance using the QSE generic scorecard as in Para. 8.1.3. of Code 1000.

As can be seen from the QSE Generic Scorecard below, Graphicraft has a BEE Status of Level Two Contributor (Para. 8.2.2.), and is entitled to a BEE Procurement Recognition Level of 125%.

Graphicraft QSE generic scorecard

 

Code number range

BEE Elements

Weighting

Graphicraft Score
(all 7 indicators)

BEE Procurement
Recognition Level

BEE 1100

Ownership

20%

11

  

BEE 1200

Management Control

20%

22

  

BEE 1300

Employment Equity

20%

20

  

BEE 1400

Skills Development

20%

20

  

BEE 1500

Preferential Procurement

20%

10

  

BEE 1600

Enterprise Development

20%

20

  

BEE 1700

Residual Element

20%

20

  
         

Level 2 Supplier

  

123÷125 = 98.4%

125%



Please note:- We have elected to evaluate on all 7 BEE elements,
and not the less stringent QSE option of only 5.