BroadbBasedYBlackYEconomicYEmpowerment VerificationYCertificate

Transcription

1 xbvb10obb3xx xbvb1fob0xxx f vanbrensburgbstreetb NelspruityBbOxx PPOPBBoxBb3yB NelspruityBbOxx BroadbBasedYBlackYEconomicYEmpowerment VerificationYCertificate NORSEYPROJECTSYPROPRIETARYYLIMITED CertificateYNo%YA,A3BbBBEE3x.35.3,5x(355x3Construction RegistrationYnumber% VATYnumber% Location%,55)35,G,x,35) (,>5x...55 POYBoxYx5>.gYNelspruitgYx,55 POYBoxYx5>.gYNelspruitgYx,55 ApplicableYCriteria% ScorecardYapplied% ConstructionYSectorYCode GenericYEnterpriseY9>YRG>YmillionYannualYturnover0 Element ElementYweighting Score Ownership W: xjxx Managementvcontrol Tx xjxx Employmentvequity Tx :j:9 Skillsvdevelopment T: :jtt Preferentialvprocurement Wx T:jDx Enterprisevdevelopment T: Txjxx SocioNeconomicvdevelopment : Rj9W Overall score BbBBEEYstatusYlevel% AYlevelY)YcontributorYtoYBbBBEE BEEYprocurementYrecognitionYlevel% >57552Y BlackYOwnership% BlackYWomenYOwnership% ValueYAddingYSupplier% No Based on our work performeda we have no reason to believe that the BNBBEE status reflected in this Certificate has not been determined in all material respectsa in accordance with the Construction Sector CodeA gazetted on x: June Wxx9 in terms of the BroadNBased Black Economic Empowerment Act of South Africaj Our independent limited assurance report dated T9 September WxTD is available for inspection at the registered office of Norse Projects Proprietary Limited together with the accompanying detailed BNBBEE Scorecard and should be referred to for an understanding of our limited assurance engagement and the extent of work performedj This Certificate has been determined on the basis of information provided by managementj We do not accept or assume responsibility to anyone other than the directorsa for our worka for this reporta or for the conclusion we have reachedj RiaanvvanvdervMerwe Datevofvissue: T9vSeptembervWxTD Registrationvnumber:vx67x8DB Expiryvdate: T7vSeptembervWxT: BNBBEEvApprovedvRegisteredvAuditor Periodvofvvalidity: TWvMonths Practice No: Co. Reg. No.: 1998/014078/21 Directors6 OfficesBin6 GLB TharrattyB GBB McleanyB IB WajodeenyB YB MohamedyB HASB MoosaB DManagingB Director)yB CAB JadwatyB JHB VanBWykyB MIB StenekampyB KJB SitholeyB IWBWaityB MSAB ParukyB YDB KadwayB HMBPietersyBGJBLeBRouxyBAIGBAltyBSBMakdayB HABWormaldyBLBMokawemyBMBRaubenheimeryB AMB KnowlesyB MRB Amod OJB CornelissenyB FRLB EksteenyB DB vanb ZylyB FB JeevayB SB MeyeryB JBBotha GautengyB MpumalangayB LimpopoyB FreeB StateyB KwakZuluB NatalyB EasternB CapeB and WesternBCape T

2 To the directors of Norse Projects Proprietary Limited We have completed our limited assurance engagement on the B-BBEE Status as at 19 September 2014, as set out on page 1 of the Broad-Based Black Economic Empowerment ( B-BBEE ) Verification Certificate of Norse Projects Proprietary Limited (the Certificate ), and the Scorecard as set out on pages 4-7 of the Certificate. We clarify that our engagement is on the basis of information provided by management. Directors' responsibility The directors are responsible for the preparation of the Scorecard and determining the B-BBEE status in accordance with the Construction Sector Code ( the Codes of Good Practice ), gazetted on 05 June 2009 in terms of the Broad-Based Black Economic Empowerment Act of South Africa ( the B-BBEE Act ). The directors are also responsible for such internal control as management determines is necessary to enable the preparation of information and the B-BBEE Scorecard that is free from material misstatement, whether due to fraud or error. B-BBEE Approved registered auditor s responsibility Our responsibility is to express a limited assurance conclusion on the B-BBEE Status reflected in the Certificate based on the procedures we have performed. We conducted our limited assurance engagement in accordance with the South African Standard on Assurance Engagements (SASAE) 3502: Assurance Engagements on Broad Based Black Economic Empowerment (B-BBEE) Verification Certificates. This standard requires us to comply with ethical requirements and to plan and perform this engagement to obtain limited assurance about whether the Certificate is free from material misstatement. A limited assurance engagement with respect to a B-BBEE Verification Certificate involves performing procedures regarding the Scorecard and B-BBEE Status of the measured entity based on the criteria and requirements contained in the Codes of Good Practice. The procedures performed depend on the assurance provider s judgement. The nature of those procedures is different from and the extent is substantially less than in a reasonable assurance engagement, and consequently they do not enable us to obtain the assurance necessary to become aware of all significant matters that might be identified in a reasonable assurance engagement. We believe that the evidence we have obtained in our limited assurance engagement is sufficient and appropriate to provide a basis for our conclusion. Summary of work performed Our work performed included: Obtaining an understanding of the entity and its environment and the underlying records sufficient to identify areas in the Scorecard where material misstatements are likely to arise, and to be able to design procedures to address those areas; Inquiring of management and employees responsible for the preparation of the B-BBEE compliance information; Performing such additional procedures as we considered necessary; Re-performing calculations to determine whether the scores reflected in the Scorecard have been classified and determined in all material respects in accordance with the Codes of Good Practice. 2

3 Limited assurance conclusion Based on our procedures performed, nothing has come to our attention that causes us to believe that the B- BBEE Status reflected in the Certificate has not been determined, in all material respects, in accordance with the Construction Sector Code gazetted on 05 June 2009 in terms of the B-BBEE Act. Restriction on liability Our engagement has been undertaken so that we are able to report to the directors in accordance with the terms of our engagement. We do not accept or assume responsibility to anyone other than the directors, for our work, for this report, or for the conclusion we have reached. Riaan van der Merwe Registration number: B B-BBEE Approved Registered Auditor Date signed: 19 September

4 3. CODE SERIES 2300 : MEASUREMENT OF THE EMPLOYMENT EQUITY ELEMENT Black Employees in the Senior Management Category as a % 2.40 percentage of all such employees using Adjusted Recognition for Gender Black Employees in the Middle Management Category as a % percentage of all such employees using Adjusted Recognition for Gender Black Employees in the Junior Management Category as a % 1.70 percentage of all such employees using Adjusted Recognition for Gender Black Disabled Employees as a percentage of all office % 0.00 based employees using the Adjusted Recognition for Gender Total

5 4. CODE SERIES 2400 : MEASUREMENT OF THE SKILLS DEVELOPMENT ELEMENT Skills Development Expenditure on any program specified in the Learning Programmes Matrix Skills Development Expenditure on all employees as a % 0.61 percentage of Leviable amount The portion of Skills Development Expenditure, spent on % 3.00 Black Employees, as a percentage of Skills Development Expenditure on all employees using the Adjusted Recognition for Gender The portion of Skills Development Expenditure, spent on % 1.50 Black Employees in all Management Categories, as a percentage of the portion of Skills Development Expenditure spent on Black Employees, using the Adjusted Recognition for Gender 1.2 Learnerships Number of Learners participating in Learnerships or % 0.00 Category B, C and D programmes as a percentage of total employees Black Learnership and/or Black Category B, C and D % 0.00 programme participants as a percentage of total Learnerships and Category B, C and D programme participants using the Adjusted Recognition for Gender Black People with disabilities participating in Learnerships % 0.00 and/or Category B. C and D programmes as a percentage of Black Learnerships and Black Category B, C and D programme participants using the Adjusted Recognition for Gender. This Item only applies to office based employees Bursaries Scholarship and/or Bursary Expenditure on Black Students, % 0.00 as a percentage of Leviable Amount Mentorship Implementation of an approved and verified mentorship programme Total

6 CODE SERIES 2500 : MEASUREMENT OF THE PREFERENTIAL PROCUREMENT ELEMENT B-BBEE Spend on all Suppliers based on the B-BBEE % Procurement Recognition Levels as a Percentage of Total Procurement Spend B-BBEE Procurement Spend from Qualifying Small % 1.89 Enterprise or Exempted Micro Enterprise based on the applicable B-BBEE Procurement Recognition Levels as a percentage of Total Measured Procurement Spend B-BBEE Procurement Spend from any of the following Suppliers as a percentage of Total Measured Procurement Spend: Suppliers that are 50% black owned % Suppliers that are 30% black women owned % 0.29 Total CODE SERIES 2600 : MEASUREMENT OF THE ENTERPRISE DEVELOPMENT ELEMENT target Enterprise Development Program with the Requirements and Guidelines for an Enterprise Development Program (paragraph 2 and 3) calculated on the basis of the ED Matrix (Paragraph 4). The Measured Entity must submit an annual portfolio of proof indicating compliance with the pre-requisites, as well as adherence to the Guidelines for an Enterprise Development Program Enterprise Development Contributions Average annual value of all Enterprise Development % Contributions and Sector Specific Programmes made by the Measured Entity as a percentage of NPAT/leviable Amount. Total CODE SERIES 2700 : MEASUREMENT OF THE SOCIO-ECONOMIC DEVELOPMENT ELEMENT 5 Average annual value of all Socio Economic Development % 3.92 Contributions by the Measured Entity as a percentage NPAT Total Score 7

7 B-BBEE Status and Procurement Recognition Levels: B-BBEE Contributor Status Scorecard - Overall Score Procurement Recognition Level: Claim value as % of Rand spend: Level 1 = 100 or more 135% Level 2 = 85 to < % Level 3 = 75 to < % Level 4 = 65 to < % Level 5 = 55 to < 65 80% Level 6 = 45 to < 55 60% Level 7 = 40 to < 55 50% Level 8 = 30 to < 40 10% Level 9 / Non-compliant < 30 0% 8