Broad Based Black Economic Empowerment Verification Certificate. A Consolidated Verification Certificate Issued to
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1 Broad Based Black Economic Empowerment Verification Certificate A Consolidated Verification Certificate Issued to Tiger Brands Limited and Subsidiaries Level 3 Contributor Measured Entity (Full List of Entities Listed on Page 2 of Certificate) Company Name Tiger Brands Limited and Subsidiaries Registration Number 1944/017881/06 VAT Number See pg 2 for details Address 3010 William Nicol Drive Bryanston 2146 BBBEE Status Level Level 3 BEE Status BEE Procurement Recognition Levels Element Points Obtained EO: points; MC: 5.77 points; EE: 5.77 points; SD: points; PP: points; ED: 2.27 points; SED: 10 points Level Qualification % Black Ownership Value Adding Vendor BEE Procurement Recognition 35.31% Black Ownership; 6.3% Black Women Ownership Points 135% No 2 85 but < % 110% 3 75 but < % Issue Date 06/12/ but < % Expiry Date 05/12/ but < 65 80% Certificate Number ELC7625GENBBAG 6 45 but < 55 60% Version 7 40 but < 45 50% Applicable Scorecard Agriculture Generic 8 30 but < 40 10% Applicable BBBEE Codes Agriculture Sector Codes Gazetted on 28 December 2012 NonCompliant <30 0% EmpowerLogic (Pty) Ltd Reg. No. : 1995/000523/07 BBBEE Verification Agency Enquiries Tel: Fax: Per T Lombard Member Verification Committee verification@empowerlogic.co.za SANAS Accredited BVA018 This certificate has been issued in accordance with the EmpowerLogic Verification Certificate Policy. EmpowerLogic uses the Law Trust advanced electronic signature system (AeSign) which is compliant with the Electronic Communications and Transactions Act no 25 of The validity of the certificate is ensured as long as the digital signature details corresponds with the Technical Signatory s details as displayed on the certificate. Certificate Page 1 of 2
2 Broad Based Black Economic Empowerment Verification Certificate A Consolidated Verification Certificate issued to Tiger Brands Limited and Subsidiaries Certificate Number: ELC7625GENBBAG BBBEE Status: Level 3 Contributor Entities Included in the Consolidated Verification Certificate Company Name Registration Number VAT Number Tiger Brands Limited 1944/107881/06 Tiger Consumer Brands Limited (Divisions Listed Below) 1972/006590/ Culinary Snacks & Treats and Beverages Out of Home HPC & B VAMP Tiger Management Services Tiger Brands International Grains (including Albany Bakeries, Tiger Milling, Jungle Oats, King Foods, Tastic Rice) Davita Trading (Pty) Ltd 2006/029214/ Langeberg & Ashton Foods (Pty) Ltd 2000/017838/ EmpowerLogic (Pty) Ltd Reg. No. : 1995/000523/07 BBBEE Verification Agency Per T Lombard Member Verification Committee SANAS Accredited BVA018 This certificate has been issued in accordance with the EmpowerLogic Verification Certificate Policy. EmpowerLogic uses the Law Trust advanced electronic signature system (AeSign) which is compliant with the Electronic Communications and Transactions Act no 25 of The validity of the certificate is ensured as long as the digital signature details corresponds with the Technical Signatory s details as displayed on the certificate. Certificate Page 2 of 2
3 Table of Contents : 1 Introduction : 2 Broad Based BEE Balanced Scorecard : 3 Scorecard Summary: 4 Sections : 4.1 Direct Empowerment : Equity Ownership : Management Control : 4.2 HR & Employment Equity : Employment Equity : Skills : 4.3 Indirect Empowerment : Preferential Procurement : Enterprise : 4.4 Residual : SocioEconomic 5 Appendices : A. Broad Based Black Economic Empowerment Profile B. Broad Based Black Economic Empowerment Scorecard A B 2
4 1. Introduction : Tiger Brands Limited and Subsidiaries's Broad Based Black Economic Empowerment verification has been based on the Agriculture Sector Codes of Good Practice for Broad Based Black Economic Empowerment Gazetted on 28 December All BEE statistics (especially Supplier information) was collated in a comprehensive information gathering initiative to allow accurate scoring on all objectives and themes. With the increased emphasis by Government on broad based BEE, such figures must remain accurate and easily available for future measurement and reporting initiatives. The measurement period used for all financial information is 1 October 2016 to 30 September This report is the result of an independent and impartial verification of the BBBEE status of the measured entity measured against the Codes of Good Practice on Broad Based Black Economic Empowerment. The objective of our verification is to verify the validity and accuracy of the BBBEE status represented by the measured entity. EmpowerLogic is not responsible for ensuring completeness of information provided to support the BBBEE status. All the information contained in this document has been collected from sources within Tiger Brands Limited and Subsidiaries and believed to be accurate and reliable at the time of the measurement. All referencing to Black individuals is based on the generic term used to refer to African (A), Indian (I), Coloured (C) and Chinese (C) South African citizens. The verification for Tiger Brands was based on the following elements: o Equity Ownership % flow of economic benefits and voting rights; o Management Control % black persons in executive management and/ or executive board and board committees; o Employment Equity Weighted employment equity analysis; o Skills development Skills development expenditure as a proportion of total payroll leviable amount; o Preferential Procurement Weighted Preferential Procurement spend based on the BEE Procurement Recognition Levels; o Enterprise Cumulative recoverable and nonrecoverable contributions to Enterprise as a % of NPAT; o Socio Economic Cumulative nonrecoverable contributions to Social as a % of NPAT. 3
5 The following diagram illustrates the process that was followed, as well as the documentation involved in each part of the process : EmpowerLogic 1 Proposal sent to Client 4 Information Assessment (on site verification) 6 Preliminary Verification Report Sent to Measured Entity 8 Verification Report and Certificate Measured Entity 2 Verification Acceptance Yes KickOff CloseOut Workshop Meeting 3 Completed Measurement Information Pack ed e / faxed to Empowerlogic and Additional Documentation Prepared 5 Measured Entity has 5 days to submit outstanding documentation Verification Outcome Accepted 7 Accept or Lodge Appeal within 5 days Appeal Lodged Communication Media Measured entity fax signed quote to Empowerlogic Measured Entity e or fax completed MIP and appeals to verification@empowerlogic.co.za or Proposal Signed Proposal Measurement Information Pack Verification Methodology and OnSite Schedule Close Out Meeting Template Provisional Verification report Written Appeal Verification Certificate and Report The total score of a company will be used to rank them according to their progress in achieving broadbased black economic empowerment. The total points that a company earn are set out as follows by the Codes of Good Practice: Level Qualification Procurement Recognition % Level 1 Level 2 Level 3 Level 4 Level 5 Level 6 Level 7 Level 8 Non Compliant 100 Points 85 but < but < but < but < but < but < but < 40 <30 135% 125% 110% 100% 80% 60% 50% 10% 0% 4
6 2. Tiger Brands Agriculture Generic Scorecard Element Equity Ownership Management Control Employment Equity Skills Preferential Procurement Indicator Exercisable Voting Rights by Black People Exercisable Voting Rights by Black Women Economic Interest to which Black People are entitled Economic Interest to which Black Women are entitled Economic Interest to which BDG's, EOS, BBOS and Coop's are entitled Ownership Fulfillment A Net Value Bonus Points: Economic Interest of New Entrants,Black Disabled People, Black Youth, EOS, BBOS or Coops 0 % Exercisable Voting Rights of Black Board Members % Black Executive Directors % Black Women Executive Directors % Black Senior Top Management % Black Women Senior Top Management % Black Other Top Management % Black Women Other Top Management Bonus Points: Black Independent NonExecutive Board Members 0 % Black People in Senior Management % Black Women in Senior Management % Black People in Middle Management % Black Women in Middle Management % Black People in Junior Management Black People Living with Disabilities as a % of All Employees Bonus Points: Meeting or exceeding all EAP targets above 0 Skills Expenditure on Black Employees as a % of Leviable Amount Skills Expenditure on Black Women Employees as a % of Leviable Amount Skills on Black Employees with disabilities as a % of Leviable Amount Number of Black Employees in Category B,C or D Learning Programmes as a % of Total Employees Number of Black Women Employees in Category B,C or D Learning Programmes as a % of Total Employees Number of Black Designated Groups Employees in Category B,C or D Learning Programmes as a % of Total Employees Number of Black Employees on ABET Training as a % of Total Employees Bonus Point: Number of Black Employees on ABET Level 3 Training as a % of Total Employees Weighted BEE Procurement Expenditure All Suppliers Weighted BEE Procurement Expenditure Qualifying Small Enterprises Weighted BEE Procurement Expenditure Exempted Micro Enterprises Weighted BEE Procurement Expenditure Suppliers that are >50% Black Owned 0 Weight % % 50.0% 25.0% 40.0% 20.0% 40.0% 20.0% 0.0% 40.0% % 60.0% 30.0% 75.0% 40.0% 80.0% 3.0% 0.0% % % % Target 25% % 25.0% 10.0% 2.5% 100.0% 25.0% 0.0% 15.0% 1.0% 0.2% 5.0% 2.5% 1.0% 1.0% 2.0% % % 15.0% 5.0% % Enterprise Socio Economic Weighted BEE Procurement Expenditure Suppliers that are >30% Black Women Owned 0 Average Annual Value of all Enterprise Contributions as a % of NPAT Bonus Point: Enterprise Contributions that Directly Increase Employment Levels in Previous Year 0 Average Annual Value of all SocioEconomic Contributions as a % of NPAT Bonus Point: SED Contributions Benefiting Black People in Rural Communities or Geographic Areas Identified in Government's Intergrated Sustainable Programme and Urban Renewal Programme % 0.0% 3.0% 10.0% 0.0% 1.0% 1.0% 5
7 3. Scorecard Summary: Tiger Brands is classified as a Level 3 contributor towards Broad Based Black Economic Empowerment. Description Weighting Overall BEE Score Direct Empowerment Equity Ownership Management Control Human Resource Employment Equity Skills Indirect Empowerment Preferential Procurement Enterprise Residual SocioEconomic % Score for Indicator 84.75% 98.28% 57.69% 75.74% 57.70% 84.75% 62.76% 82.79% 22.70% % % Points Status per Element Equity Ownership 100% SocioEconomic 80% 60% 40% Management Control 20% Enterprise 0% Employment Equity Preferential Procurement Skills 6
8 4. Sections : 4.1 Direct Empowerment : Equity Ownership : Level 3 Level 2 Necessary shareholding information that was found in the Measurement Information Pack, could be confirmed with the share certificate(s), share register(s) and/or other formal documentation. Table : Tiger Brands Limited and Subsidiaries Shareholders: Tiger Brands Black Managers Trust Tiger Brands Foundation SPV Tiger Consumer Brands Ltd Table : Tiger Brands Limited and Subsidiaries Effective Black Shareholding Description Effective Black Ownership in Measured Entity using the Flow Through Principle Effective Black Ownership using the Recognition in the Sale of Assets Total Effective Black Ownership in Measured Entity using the Flow Through Principle Effective Black Ownership calculated using the Exclusion Principle 5.04% Tiger Brands General Staff Share Trust 0.12% 0.07% Business Venture Investments No 1323 Other Shareholder(s) Detail Thusani Empowerment Investment Holdings Thusani Empowerment Investment Holdings Mandated Investments (max 40%) Institutional Shareholders with Black Shareholding 0.79% 40.00% 2.16% Total % Black Ownership calculated using the Exclusion Principle and Modified Flow Through Principle 35.31% Table : Equity Ownership Scorecard % Share 1.07% 2.22% 0.63% 5.39% % by Black People 1.07% 0.79% 2.20% 5.04% 0.40% 0.00% 0.00% 0.70% 42.57% 0.00% 10.27% % 10.27% 3.78% 14.06% 32.68% Indicator Weight Actual Target Result Points Exercisable Voting Rights by Black People 35.75% 35.31% 6.30% % Exercisable Voting Rights by Black Women 6.53% 10% 65.28% 1.31 Economic Interest to which Black People are entitled Economic Interest to which Black Women are entitled Economic Interest to which BDG's, EOS, BBOS and Coop's are entitled Ownership Fulfillment A Net Value B Economic Interest Bonus Points: Economic Interest of New Entrants,Black Disabled People, Black Youth, EOS, BBOS or Coops %+1 10% 63.03% Total % 0% 21.75% 35.31% % 25% 2.5% % % % 0.00% 25% 25% 87.01% % 15% %
9 Economic Interest by Race Black, 35.31% White / NSA, 64.69% Voting Rights by Race Black, 35.75% White / NSA, 64.25% Tiger Brands meets the definition of a Level 2 contributor towards broad based black economic empowerment in terms of the equity ownership of the company. 8
10 4.1.2 Management Control : Level 5 Table : Listing of Directors and Executives Designation Name Race (A/I/C W/NSA) Gender (M/F) % Votes CEO CFO Other Executive Directors NonDirectors (with Executive decision making capability) NonExecutive Chairman Independent NonExecutive Directors Senior Top Management LC Mac Dougall W M 7.69% NP Doyle NSA M 7.69% Other Top Management CFH Vaux W M 7.69% CM Eyres W M AG Kirk W M B Koornneef W F TE Kodisang A M MJ Morifi A F T Naidoo I F PD Sithole A M P Spies W M NonExecutive Board members KDK Mokhele A M 7.69% MO Ajukwu NSA M 7.69% SL Botha W F 7.69% MJ Bowman W M 7.69% M Makanjee TE Mashilwane RD Nisbet MP Nyama YGH Suleman BS Tshabalala I A W A I A F F M M M F 7.69% 7.69% 7.69% 7.69% 7.69% 7.69% A = African, I = Indian, C = Coloured, W = White, NSA = NonSouth African Board Representation Non South African, 2 African, 4 White, 5 Indian, 2 9
11 Table : Management Control Scorecard Measurement Category % Exercisable Voting Rights of Black Board Members % Black Executive Directors % Black Women Executive Directors % Black Senior Top Management % Black Women Senior Top Management % Black Other Top Management Bonus Points: Black Independent NonExecutive Board Members Weight 3.00 Total Actual with ARG Total in Cat 3 25% 2 40% 0% % 20% 40% 92% 40% 100% 0% % Black Women Other Top Management 9 20% 100% Target 50% Result 0% 0% 100% Points Tiger Brands meets the definition of a Level 5 contributor towards broad based black economic empowerment in terms of the management control of the company. 10
12 4.2 HR & Employment Equity : Employment Equity: Level 3 Level 5 Table : Employment Equity Males Females Occupational Level African Coloured Indian Non Black SubTotal African Coloured Indian Non Black SubTotal Total Top Management Senior Management Professionals, Specialists & Mid Management Skilled Workers, Supervisors & Junior Management Semiskilled & Discretionary Decision Making Unskilled ,511 5,285 Total Employees ,277 11,164 Disabled , ,472 3, The subminimum of 40% of target is applied, therefore the indicators that do not achieve 40% of target are not awarded any points. Table : Employment Equity Scorecard Measurement Category % Black People in Senior Management % Black Women in Senior Management % Black People in Middle Management % Black Women in Middle Management % Black People in Junior Management Black People Living with Disabilities as a % of All Employees Meeting or exceeding all EAP targets above Total Weight Actual with ARG , Total in Cat Target 60% 30% 75% 40% 80% Result 79% 54% 76% 66% 93% % 8% Sub min Applied % 0% Y Points Y Y Y Y Y Y
13 The allocation of the male and female employees in the various race groups are as follows: Employment Equity Profile Male Female Total per race No of employees Race African Coloured Indian Non Black (White & NSA) In terms of broad based black economic empowerment, the contribution of the various race groups to total employment is 77% African, 10% Coloured, 6% Indian and 7% White. The effective average representation of black people in the senior, middle and junior management levels of the company is 69%. The contribution of black people per race group in these three levels is summarised as follows: No of employees 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 49 Occupational Level Profile Senior Management Prof, Specialists & MidManagement Skilled Workers, Supervisors & Junior Management Race Non Black (White & NSA) Indian Coloured African The representation of the various race groups in senior, middle and junior management is 41% African, 14% Coloured, 15% Indian and 31% White. Profile of Management Levels Average Representation in Senior, Middle and Junior Management Non Black (White & NSA) 31% African 41% Indian 14% Coloured 14% Tiger Brands meets the definition of a Level 5 contributor towards broad based black economic empowerment in terms of the employment equity of the company. 12
14 4.2.2 Skills : Level 3 Skills Expenditure is classified in the categories listed in table below. All categories are included for skills development expenditure in Rands but category G is limited to 15% of overall spend. Categories B, C and D are included in the second section of the skills development scorecard measuring the number of learners in those categories. Table : Learning Programme Matrix Category A B Qualifying Contribution Type Institutionbased theoretical instruction alone formally assessed by the institution Institutionbased theoretical instruction as well as some practical learning with an employer or in a simulated work environment formally assessed by the institution Delivery Mode Institutional Instruction Mixed mode delivery with institutional instruction as well as supervised learning in an appropriate workplace or simulated work environment Learning Site Universities and colleges, schools, ABET providers Universities and colleges, schools, ABET providers and workplace Learning Achievement Recognised theoretical knowledge resulting in the achievement of a degree, diploma or certificate issued by an accredited or registered formal institution of learning Theoretical knowledge and workplace experience with set requirements resulting in the achievement of a degree, diploma or certificate issued by an accredited or registered formal institution of learning C Recognised or registered structured experiential learning in the workplace that is required after the achievement of a qualification formally assessed by a statutory occupational or professional body Structured learning in the workplace with mentoring or coaching Workplace Occupational or professional knowledge and experience formally recognised through registration or licensing D Occupationallydirected instructional and work based learning programme that requires a formal contract formally assessed by an accredited body Institutional instruction together with structured, supervised experiential learning in the workplace Institution and workplace Theoretical knowledge and workplace learning, resulting in the achievement of a SAQUA registered qualification, a certificate or similar occupational or professional qualification issued by an accredited or registered formal institution of learning E Occupationallydirected instructional and work based learning programme that does not require a formal contract formally assessed by an accredited body Structured, supervised experiential learning in the workplace which may include some institutional instruction Workplace and some Credits awarded for registered unit institutional as standards well as ABET providers F Occupationallydirected informal instructional programmes Structured information sharing or direct instruction involving workshops, seminars, conferences and short courses Institutions, conferences and meetings Continuing professional development, attendance certificates and credits against registered unit standards (in some instances) G Workbased informal programmes Informal training Workplace Increased understanding of job or work context or improved performance and skills 13
15 Table : Skills Scorecard Measurement Category Skills Expenditure on Black Employees as a % of Leviable Amount Weight 7.00 Actual with ARG 54,569,631 Denominator 2,729,760,642 Target Result Points % 99.95% 7.00 Skills Expenditure on Black Women Employees as a % of Leviable Amount 16,975,865 2,729,760,642 % 62.19% 1.24 Skills on Black Employees with disabilities as a % of Leviable Amount 194,926 2,729,760, % 3.57% 0.04 Number of Black Employees in Category B,C or D Learning Programmes as a % of Total Employees , % 73.27% 2.20 Number of Black Women Employees in Category B,C or D Learning Programmes as a % of Total Employees , % 50.52% 1.01 Number of Black Designated Groups Employees in Category B,C or D Learning Programmes as a % of Total Employees ,164 % % 3.00 Number of Black Employees on ABET Training as a % of Total Employees ,164 % % Bonus Point: Number of Black Employees on ABET Level 3 Training as a % of Total Employees Total ,164 % 23.29%
16 The allocation of skills development expenditure incurred on all employees is represented by the following graph: White / NSA 4% Skills Split Black 96% 60,000,000 50,000,000 40,000,000 30,000,000 20,000,000 10,000,000 Skills Spend vs. Target 56,751,837 54,595,213 54,569,631 27,297,606 16,975,865 Total Training (If Applicable) Black People Black Women Spend Target Of the total staff compliment of 11164, which forms the baseline, 409 black learners on category B, C and D learning programmes were identified for the period under review Learnerships and Category B, C and D Learning Programmes All Employees (If Applicable) Black People Black Women Number Target Tiger Brands meets the definition of a Level 3 contributor towards broad based black economic empowerment in terms of the skills development of the company. 15
17 4.3 Indirect Empowerment Preferential Procurement : Level 5 Level 3 All goods and services procured by the measured entity, other than any portion specifically excluded is measurable in calculating the Total Measured Procurement Spend (TMPS). Table lists the items included in TMPS and table lists permissible exclusions. The following procurement is measurable within Total Measured Procurement Spend: Table : Total Measured Procurement Spend Description Cost of Sales Operational Expenditure Capital Expenditure Public Sector Procurement: all goods and services procured from organs of state and public entities listed in schedules 2 and 3 to the Public Finance Management Act of 1998 Monopolistic Procurement: all goods and services procured from suppliers that enjoy a monopolistic position are included in TMPS. Only procurement for organs of state or public entities that enjoy a statutory or regulated monopoly as listed in table may be excluded Third Party Procurement: all procurement for a third party where the cost of that procurement is recorded as an expense in the measured entity's annual financial statements Labour Brokers and independent contractors Pension and medical aid contributions, excluding any portions of such payments which are a contribution to a capital investment of the employee Trade Commissions Imports other than those excluded under permissible exclusions in table Intragroup procurement: except where the procuring entity and the supplying entity form part of the same verification certificate The following lists the permissible exclusions from Total Measured Procurement Spend. Table : Permissible Exclusions Category A Taxation Public Sector Procurement B C D Imports F All goods and services from any organ of state or public entity that enjoys a statutory or regulated monopoly Salaries, wages, remunerations, and emoluments Pass Through Third Party Procurement where such procurement is not recorded as an expense in the measured entity's annual financial statements Empowerment Related Procurement E Description All goods and services procured from organs of state and public entities listed in Schedule 1 of the PFMA Act of 1999 Investments in or loans to an associated enterprise Investments, loans or donations qualifying for recognition under Enterprise or Socio Economic Imported capital goods or components for valueadded production in SA provided that there is no local production and that importing promotes further valueadded production in SA G H Imported goods and services which carry a different brand to the locally produced goods or services Imported goods and services that have different technical specifications to the locally produced goods or services. 16
18 The weighted BEE procurement spend constituted 58.71% of total measured procurement spend. The spend with suppliers in the different BBBEE status levels are listed below: Table : Weighted BEE Procurement per Level BBBEE Level R Value Recognition % Weighted BEE Procurement % Level One 622,810, % 879,037, % Level Two 2,132,313, % 2,844,984, % Level Three 2,307,803, % 2,798,586,135 Level Four 2,710,007, % 2,784,960,506 Level Five 1,046,068,611 80% 960,837,147 Level Six 1,751,966,291 60% 1,072,135,080 Level Seven 925,830,534 50% Level Eight 1,661,042,380 10% Noncompliant 1,025,283,060 0% No Status Total 6,205,586,369 0% 463,843, ,780, ,388,712,144 11,971,164, % 13.3% 5.1% 8.6% 4.5% 8.1% 5.0% 30.4% 100.0% Preferential Procurement Spend with Suppliers classified i.t.o their BBBEE Status No Status 30% Level One 3% Level Two 11% Level Three 11% Noncompliant 5% Level Four 13% Level Eight 8% Level Seven 5% Level Six 9% Level Five 5% 16,000,000,000 14,000,000,000 12,000,000,000 10,000,000,000 8,000,000,000 6,000,000,000 4,000,000,000 2,000,000,000 Preferential Procurement Actual vs. Target 14,272,098,501 11,971,164,240 Weighted BEE Spend All Suppliers 1,846,363,976 4,077,742,429 2,446,645,457 Weighted BEE Spend QSE and EME 2,472,984,580 Procurement Spend Black Owned 1,758,341,211 Procurement Spend Black Women Owned 1,631,096,972 Spend Target Tiger Brands meets the definition of a Level 3 contributor towards broad based black economic empowerment in terms of the preferential procurement of the company. 17
19 4.3.2 Enterprise NonCompliant Enterprise means monetary or nonmonetary contributions made to beneficiary entities, with the objective of contributing to the development, sustainability and financial and operational independence of those beneficiaries. Beneficiaries are classified in table and Enterprise type contributions in table Table : Beneficiary Categories Category Description A B EME or QSE with 50+ Black Ownership Other Entities with 50%+ Black Ownership OR 25% Black Ownership and Level 6 or better Benefit Factor 125% 100% Table : Qualifying Contribution Types Grant and Related Contributions Equity Investments and Related Contributions Grant Contribution Minority Investment in Black Owned EME and QSE's Direct Cost incurred Minority Investment in other Enterprises Discounts in addition to normal business practice Enterprise Investment with lower dividend to Financier Overhead Costs incurred Contributions made in the form of Human Resource Capacity Loans and Related Contributions Professional Services Rendered at no cost Interest Free Loan with no security requirements Professional Services Rendered at a discount Standard Loan to Black Owned EME and QSE's Time of employees deployed in assisting beneficiaries Standard Loan to other Beneficiaries Other Contributions Guarantees Shorter payment periods Lower Interest Rate The following Enterprise development initiatives (monetary investments or quantifiable nonmonetary support) were identified for the period under review at the time of the measurement. Table : Enterprise Contributions Qualifying Contribution Type Contribution Prior Year(s) Contributions 62,158,728 Direct Cost incurred 17,279,398 Interest Free Loan with no security requirements 800,000 Total 80,238,126 Enterprise Split Interest Free Loan with no security requirements 4% Direct Cost incurred 96% Tiger Brands meets the definition of a NonCompliant contributor towards broad based black economic empowerment in terms of the enterprise development of the company. 18
20 4.4 Residual SocioEconomic : Level 1 Level 1 SocioEconomic means monetary or nonmonetary contributions actually initiated and implemented in favor of beneficiaries with the specific objective of facilitating access to the economy for those beneficiaries. The full value of the contribution is recognisable if at least 75% of the value directly benefits black people, if it is less than 75% the % that benefits black people is recognisable. Programmes are classified in table and Contributions Types in table Table : SocioEconomic Programmes Category A B C D E Grant Contribution Direct Cost incurred The following SocioEconomic initiatives were identified for the period under review. Direct Cost incurred Support of healthcare and HIV/AIDS programmes Community training, skills development for unemployed people and adult basic education and training Support of arts, cultural or sporting development programmes Table : Qualifying Contribution Types Discounts in addition to normal business practice Initiative / Project Description Programmes for women, youth, people with disabilities, people living in rural areas support for education programmes, resources and materials at primary, secondary and tertiary education level as well as bursaries and scholarships Grant and Related Contributions Overhead Costs incurred Contributions made in the form of Human Resource Capacity Professional Services Rendered at no cost Professional Services Rendered at a discount Table : SocioEconomic Contributions Time of employees deployed in assisting beneficiaries Contribution Prior Year(s) Contributions 91,185,153 33,532,933 Grant Contribution 1,661,312 Total 126,379,398 Community Training and Skills 4% SocioEconomic Split Education 2% Programmes 1% Health 93% Tiger Brands meets the definition of a Level 1 contributor towards broad based black economic empowerment in terms of the SocioEconomic of the company. 19
21 Agriculture Generic BBBEE Profile Broad Based Black Economic Empowerment Score Level % Direct Empowerment 84.75% Human Resource 75.74% Indirect Empowerment 62.76% Residual 100% Ownership 98.28% Employment Equity 57.7% Preferential Procurement 82.79% SocioEconomic 100% Management Control 57.69% Skills 84.75% Enterprise 22.7% Level 1 Level 2 Level 3 Level 4 Level 5 Level 6 Level 7 Level 8 Noncompliant >100% 100% 85% 75% 65% 55% 45% 40% 30% 0% EmpowerLogic December 2017 BBBEE Profile
22 Agriculture Generic Scorecard Objective Indicator Weight Actual Value Actual Base Target Result Points Broad Based Black Economic Empowerment Contribution % Objective : Ownership % Equity Ownership Exercisable Voting Rights by Black People % % 25% % 3.00 Exercisable Voting Rights by Black Women 6.53% % 10.00% 65.28% 1.31 Economic Interest to which Black People are entitled % % 25.00% % 4.00 Economic Interest to which Black Women are entitled 6.30% % 10.00% 63.03% 1.26 Economic Interest to which BDG's, EOS, BBOS and Coop's are entitled 25.06% % 2.50% % Ownership Fulfillment 0% % % 0.00% A Net Value 21.75% % 25.00% 87.01% B Economic Interest 35.31% % 25.00% % Bonus Points: Economic Interest of New Entrants,Black Disabled People, Black Youth, EOS, BBOS or Coops % % 15.00% % 3.00 Objective : Management Control % 5.77 Management Control % Exercisable Voting Rights of Black Board Members % % 50.00% 92.31% 2.77 % Black Executive Directors % 0.00% % Black Women Executive Directors % 0.00% % Black Senior Top Management % 0.00% % Black Women Senior Top Management % 0.00% % Black Other Top Management % % % Black Women Other Top Management % % Bonus Points: Black Independent NonExecutive Board Members % % Objective : Employment Equity % 5.77 Employment Equity % Black People in Senior Management % 78.85% 1.58 % Black Women in Senior Management % 53.76% 1.08 % Black People in Middle Management % 76.23% 1.52 % Black Women in Middle Management % 66.01% 0.66 % Black People in Junior Management 1, , % 93.33% 0.93 Black People Living with Disabilities as a % of All Employees , % 8.36% Bonus Points: Meeting or exceeding all EAP targets above % 0.00% EmpowerLogic December 2017 BBBEE Scorecard
23 Agriculture Generic Scorecard Objective Indicator Weight Actual Value Actual Base Target Result Points Objective : Skills % Skills Skills Expenditure on Black Employees as a % of Leviable Amount ,569,631 2,729,760,642 % 99.95% 7.00 Skills Expenditure on Black Women Employees as a % of Leviable Amount 16,975,865 2,729,760,642 % 62.19% 1.24 Skills on Black Employees with disabilities as a % of Leviable Amount 194,926 2,729,760, % 3.57% 0.04 Number of Black Employees in Category B,C or D Learning Programmes as a % of Total Employees , % 73.27% 2.20 Number of Black Women Employees in Category B,C or D Learning Programmes as a % of Total Employees 14 11, % 50.52% 1.01 Number of Black Designated Groups Employees in Category B,C or D Learning Programmes as a % of Total Employees ,164 % % 3.00 Number of Black Employees on ABET Training as a % of Total Employees ,164 % % Bonus Point: Number of Black Employees on ABET Level 3 Training as a % of Total Employees 52 11,164 2% 23.29% 0.47 Objective : Preferential Procurement % Preferential Procurement Weighted BEE Procurement Expenditure All Suppliers 1 11,971,164,240 20,388,712, % 83.88% Weighted BEE Procurement Expenditure Qualifying Small Enterprises 976,582,139 20,388,712, % 31.93% 0.64 Weighted BEE Procurement Expenditure Exempted Micro Enterprises 869,781,837 20,388,712, % 85.32% 0.85 Weighted BEE Procurement Expenditure Suppliers that are >50% Black Owned ,472,984,580 20,388,712,144 1% % 3.00 Weighted BEE Procurement Expenditure Suppliers that are >30% Black Women Owned 1,758,341,211 20,388,712, % % Objective : Enterprise % 2.27 Enterprise Average Annual Value of all Enterprise Contributions as a % of NPAT ,238,126 11,780,053, % 22.70% 2.27 Bonus Point: Enterprise Contributions that Directly Increase Employment Levels in Previous Year 0.00% 100% 10.00% 0.00% Objective : Socio Economic % Average Annual Value of all SocioEconomic Contributions as a % of NPAT ,379,398 11,780,053,741 % % SocioEconomic Bonus Point: SED Contributions Benefiting Black People in Rural Communities or Geographic Areas Identified in Government's Intergrated Sustainable Programme and Urban Renewal Programme 11,780,053,741 % 0.00% Bonus Point: Lease of 20% of Land or Capital Assets on Long Term Basis that meets Qualifying Criteria % 0.00% EmpowerLogic December 2017 BBBEE Scorecard
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