| 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
- 25,1% of Waco Africa Pty Ltd is owned
by BEE company - Kagiso Ventures.
- Two (2) out of eight (8) i.e. 25%
of Directors are Black.
- One (1) out of eight (8) i.e. 12.5%
of members of the Executive Committee of Waco Africa
is Black.
- Employment Equity: Out of 1128 total permanent employees,
969 is Black, hence 86% on the raw
score.
- 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.
- 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.
- 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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