Waco Africa (Pty) Ltd BEE Scorecard

Core component
of BEE
Indicators
Target %
Target Date
Conversion Factor
Raw Score
Weight
Total Score
1. Equity Ownership
% share of economic benefits
25%
12/2006
100/25 = 4
25% x 4 = 100%
20%
20%
2. Board of Directors
% of HDSA in the Board
25%
12/2006
100/25 = 4
25% x 4 = 100%
5%
5%
3. Management
% of HDSA in Exco
25%
12/2006
100/25 = 4
12.5% x 4 = 50%
10%
5%
4. Employment Equity
Weighted EE analysis
85%
12/2006
100/85 = 1,2
86% x 1.2 = 103%
15%
15%
5. Skills Development
Skills development expenditure as a % of total payroll
2%
12/2006
100/2 = 50
1.8% x 50 = 90%
20%
18%
6. Preferential
Procurement
Procurement from BEE entities as a % of total procurement
30%
12/2006
100/30 = 3,33
23% x 3,33 = 76,6%
20%
15,3%
7. Corporate Social Investment
Community involvement programmes
80%
12/2006
100/80 = 1,25
20% x 1,25 = 25%
10%
2,5%
Total
12/2006
100%
80,8%

Notes:

Raw Scores calculations

  1. 25,1% of Waco Africa Pty Ltd is owned by BEE company - Kagiso Ventures.
  2. Two (2) out of eight (8) i.e. 25% of Directors are Black.
  3. One (1) out of eight (8) i.e. 12.5% of members of the Executive Committee of Waco Africa is Black.
  4. Employment Equity: Out of 1128 total permanent employees, 969 is Black, hence 86% on the raw score.
  5. On Skill Development, +- R 981 000 was spent on training during the period 01/04/2002 and 30/03/2003 against a total of +- R 55 m payroll, hence 1.8% on the raw score.
  6. Preferential Procurement figures: only suppliers that Waco spent R2 m and more were reported on. +- R 25 m of +- R 112 m i.e. 23% was spent on BEE entities.
  7. Corporate Social Investment (CSI): The company has a vision of all its ten (10) operational branches branches becoming involved in some form of ongoing CSI which benefits the area in which they operate. At present, in addition to ad-hoc contributions, our Secunda branch is the sponsor of the prestigious Thompson Magawana race (Thompson Magawana is the Two Oceans Marathon record-holder who passed away in 1994) and our Mossel Bay, Joint Venture branch sponsors food for the Ilingelihle Old-Aged home in their area. Centrally, the company is embarking on an AIDS Awareness Programme and already has an Adult Basic Education and Training programme in operation coordinated by the BEE company "Media Works".

 

 
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