level 3 contributor...the natal witness printing and publishing company (pty) ltd 1988/002702/07...

Company Name

Registration Number

VAT Number

Address

B-BBEE Status Level Level 3

Element Points Obtained Level Qualification %

Discounting Principle Applied No Measurement Period Year End 31/03/2020 1 ≥ 100 Points 135%

Empowering Supplier Yes 2 ≥ 95 but < 100 125%

*Black Owned: >=51% and full points for Net Value *Black Women Owned: >=30% and full points for Net Value 3 ≥ 90 but < 95 110%

Black Voting Rights 36.68% Black Women Voting Rights 17.54% 4 ≥ 80 but < 90 100%

Black Economic Interest 65.38% Black Women Economic Interest 34.04% 5 ≥ 75 but < 80 80%

51% Black Owned * No 30% Black Women Owned * No 6 ≥ 70 but < 75 60%

Black Designated Groups 0.99% 7 ≥ 55 but < 70 50%

8 ≥ 40 but < 55 10%

Issue Date Non Compliant <40 0%

Expiry Date

Certificate Number

Version Provisional ver 4

Applicable Scorecard

Applicable BBBEE Codes

EmpowerLogic (Pty) Ltd

Reg. No. : 1995/000523/07

BBBEE Verification Agency

Per Gianna Le Roux

Member - Verification Committee

Level 3 Contributor

1950/038385/07

refer to second page of certificate

40 Heerengracht

Cape Town

Normal Flow Through Principle Applied

EO: 22.99 points; MC: 10.26 points; SD: 13.07 points; ESD: 39.56

points; SED: 5 points

Measured Entity

BEE Procurement

Recognition Levels

B-BBEE Status

Media24 (Pty) Ltd and Subsidiaries

0

8001


Broad Based Black Economic Empowerment Verification Certificate

A Consolidated Verification Certificate Issued to

Enquiries

This certificate supersedes any previous certificates issued to the Measured entity. This certificate 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. 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 2002. 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.

Tel:

086 111 4003

Fax:

086 505 7284

[email protected]

www.empowerlogic.co.za

Amended Generic Codes Gazetted on 11 October 2013

and Amendments Gazetted on 31 May 2019

Amended Codes - Generic

Certificate of 4

Company Name Registration Number VAT Number

Media24 (Pty) Ltd 1950/038385/07 4150102228

News

Media24 News (a division of Media24 (Pty) Ltd) 1950/038385/07 4150102228

Drendy Investments (Pty) Ltd t/a Express Media 2003/004145/07 Dormant

Fever Newspapers (Pty) Ltd 2007/023414/07 Not Registered

Market Demand Trading 113 (Pty) Ltd t/a Polokwane Observer 2004/012825/07 Not Registered

Mooivaal Media (Pty) Ltd 1964/004662/07 4710108715

Midlands Media (Pty) Ltd t/a Greytown Gazette 1988/002420/07 Dormant

Sky Blue Media (Pty) Ltd t/a Divine Inspiration Trading 2004/032499/07 Dormant

The Natal Witness Printing and Publishing Company (Pty) Ltd 1988/002702/07 Dormant

Market Demand Trading 507 (Pty) Ltd 2007/025602/07 Not Registered

Izimpondo Communications (Pty) Ltd t/a Umafrika 2002/030611/07 Not Registered

Property24 Publishing (Pty) Ltd 2005/004288/07 Not Registered

The Daily Sun (Pty) Ltd 2001/001944/07 Not Registered

Zululand Media (Pty) Ltd 2004/002000/07 Not Registered

Afrikaans News (a division of Media24 (Pty) Ltd) 1950/038385/07 4150102228

Market Demand 113 (Pty) Ltd 2004/012825/07 Not Registered


Reg. No. : 1995/000523/07


Per Gianna Le Roux

Member - Verification CommitteeThis certificate supersedes any previous certificates issued to the Measured entity. This certificate 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. 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 2002. 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.


A Consolidated Verification Certificate issued to


Entities Included in the Consolidated Verification Certificate

Certificate Number:

BBBEE Status: Level 3 ContributorEmpowering Supplier

Certificate Page 4 of 4


Digital

24.com (division of Media24 (Pty) Ltd)1950/038385/07 4150102228

Careers24 (division of Media24 (Pty) Ltd)1950/038385/07 4150102228

24.com Online Studio 1996/010950/07 4740165719

Health24 (Pty) Ltd2000/012930/07 4300190933

On the Dot

On the Dot (a division of Media24 (Pty) Ltd) 1950/038385/07 4150102228

e-Commerce

Contract Logistics(division of Media24 (Pty) Ltd) 1950/038385/07 4150102228

Books

Jonathan Ball Publishers(division of Media24 (Pty) Ltd) 1950/038385/07 4150102228

Jonathan Ball Publishers (Pty) Ltd t/a Sunbird 1984/003543/07 Not Registered

Media24 Boeke Pty Ltd

Media24 Boeke Hoofkantoor (division of Media24 Boeke (Pty)Ltd) 1953/000037/07 4490197763

NB Publishers (division of Media24 Boeke (Pty) Ltd) 1953/000037/07 4490197763


Reg. No. : 1995/000523/07


Per Gianna Le Roux





Certificate Number:

BBBEE Status: Level 3 ContributorEmpowering Supplier


This certificate supersedes any previous certificates issued to the Measured entity. This certificate is the result of an independent and impartial verification of the





Certificate Page 4 of 4


Nasou Via Afrika (Pty) Ltd

Via Afrika (division of Nasou via Afrika) 1996/012379/07 4870165067

Van Schaik Publishers (division of Nasou via Afrika ) 1996/012379/07 4870165067

Leksikons (Pty) Ltd 1981/001468/07 Not Registered

Via Afrika (Pty) Ltd 1949/035471/07 Not Registered

NB Uitgewers (Edms) Bpk t/a NB Uitgewers/ NB Publishers 1951/002378/07 Not Registered

Lifestyle

Media24 Lifestyle (division of Media24 (Pty) Ltd) 1950/038385/07 4150102228

New Media, a division of Media24 (Pty) Ltd 1950/038385/07 4150102228

VIA (division of Media 24 (Pty) Ltd) 1950/038385/07 4150102228

SA Hunt Publishing (Pty) Ltd 2007/012812/07 4760253551

Media24 entities/Corporate

Media24 Holdings (Pty) Ltd 2006/021408/07 Not Registered

Media24 Investments (Pty) Ltd (K2017349170) 2017/349170/07 Not Registered

Altuis Trading 441 (Pty) Ltd 2011/003904/07 Not Registered

I-Net Bridge (Pty) Ltd 1998/005987/07 Not Registered

Fashion United SA (Pty) Ltd 2017/007569/07 4060282334


Reg. No. : 1995/000523/07


Per Gianna Le Roux


Empowering Supplier


This certificate supersedes any previous certificates issued to the Measured entity. This certificate is the result of an independent and impartial verification of the








Certificate Number:

BBBEE Status: Level 3 Contributor

Certificate of 4

Media24 Provisional ver 4BBBEE Verification Report

1 Introduction :

2 Broad Based BEE Balanced Scorecard :

3 Scorecard Summary:

4 Empowering Supplier Status :

5 Sections :

5.1 Equity Ownership

5.2 Management Control5.2.1 Board Representation and other Executive Management

5.2.2 Employment Equity

5.3 Skills Development

5.4 Enterprise and Supplier Development5.4.1 Preferential Procurement

5.4.2 Supplier Development

5.4.3 Enterprise Development

5.5 Socio-Economic Development

6 Appendices :A. Broad Based Black Economic Empowerment Profile

B. Broad Based Black Economic Empowerment Scorecard

Table of Contents :

3

5

6

7

8

B

17

20

21

A

8

10

12

14

17

19

10

EmpowerLogic 2June 2020


1.

measurement of Senior, Middle and Junior Management against EAP targets.

payroll leviable amount and black people participating in Category B,C and D.

contributions to Supplier Development as a % of NPAT;

contributions to Enterprise Development as a % of NPAT;

Social Development as a % of NPAT.

Introduction :

Media24 (Pty) Ltd and Subsidiaries's Broad Based Black Economic Empowerment verification

has been based on the Amended Codes of Good Practice for Broad Based Black Economic

Empowerment Gazetted on 11 October 2013 and Amendments Gazetted on 31 May 2019.

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 April 2019 to 31 March 2020.

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.

o Skills development - Skills development expenditure as a proportion of total

o Preferential Procurement – Weighted Preferential Procurement spend based on the

BEE Procurement Recognition Levels;

o Enterprise Development – Annual recoverable and non-recoverable

o Socio Economic Development - Annual non-recoverable contributions to

All the information contained in this document has been collected from sources within Media24

(Pty) Ltd 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 Media24 was based on the following elements:

o Equity Ownership – % flow of economic benefits and voting rights;

o Management Control – % black board composition, black executive management and

o Enterprise and Supplier Development

o Supplier Development – Annual recoverable and non-recoverable



Proposal

Signed Proposal

Measurement Information Pack

Verification Methodology and On-Site Schedule

Close Out Meeting Template

Provisional Verification report

Written Appeal

Final Verification Certificate and Report

Level Procurement Recognition %

Level 1

Level 2

Level 3

Level 4

Level 5

Level 6

Level 7

Level 8

Non Compliant

60%

≥ 55 but < 70 50%

≥ 40 but < 55 10%

≥ 90 but < 95 110%

≥ 80 but < 90 100%

≥ 75 but < 80 80%

≥ 70 but < 75

0%

The total score of a company will be used to rank them according to their progress in achieving broad-based black

economic empowerment. The total points that a company earn are set out as follows by the Amended Codes of

Good Practice:

Qualification

≥ 100 Points 135%

≥ 95 but < 100 125%

The following diagram illustrates the process that was followed, as well as the documentation

involved in each part of the process :

<40

Completed Completed

Measurement Measurement

Information Information

Pack ePack e--mailed / mailed /

faxed to faxed to

Empowerlogic Empowerlogic

and Additional and Additional

Documentation Documentation

PreparedPrepared

Information Information

Assessment Assessment

(on site (on site

verification)verification)

Preliminary Preliminary

Verification Verification

Report Sent Report Sent

to Measured to Measured

Entity Entity

Proposal sent Proposal sent

to Clientto Client


AcceptanceAcceptance

EmpowerLogic

Measured Measured

entity fax entity fax

signed quote signed quote

to to

EmpowerlogicEmpowerlogic

086 610 1405086 610 1405

Measured Entity eMeasured Entity e--mail or fax completed MIP mail or fax completed MIP

and appeals toand appeals to

[email protected]@empowerlogic.co.za oror

086 610 1405086 610 1405

Final Final


Report and Report and

CertificateCertificate

Accept or Accept or

Lodge Lodge

Appeal Appeal

within 5 within 5

daysdays

AppealLodged

Verification Outcome

Accepted

CommunicationMedia

1

2

4 6

7

8

KickKick--Off Off

WorkshopWorkshop3

CloseClose--Out Out

MeetingMeeting

Measured Measured

Entity has 5 Entity has 5

days to submit days to submit

outstanding outstanding

documentation documentation

Measured Entity

Yes

5

1

2

3

5

7

4

8

6



2.

Socio-Economic

DevelopmentAnnual Value of all Socio-Economic Development Contributions as a % of NPAT 5.00 1.0%

5.00

Bonus Point: Creating Jobs 1.00

Annual Value of all Enterprise Development Contributions as a % of NPAT 5.00

Bonus Point: Graduation 1.00

Annual Value of all Supplier Development Contributions as a % of NPAT 10.00 2.0%

0.0%

Yes

Yes

1.0%

0 42.00 0.0%

Bonus Points: Procurement Expenditure from Designated Group Suppliers that are at

least 51% Black Owned 2.00 2.0%

Weighted BEE Procurement Expenditure - Suppliers that are at least 30% Black

Women Owned 4.00 12.0%

Weighted BEE Procurement Expenditure - Exempted Micro Enterprises 4.00 15.0%

Weighted BEE Procurement Expenditure - Suppliers that are at least 51% Black

Owned

Weighted BEE Procurement Expenditure - Qualifying Small Enterprises 3.00

Enterprise and

Supplier

Development

11.00 50.0%

15.0%

Bonus Point: Number of Black People Absorbed 5.00 100.0%

Skills

Development

Black People Participating in Learnerships, Apprenticeships and Internships as a %

of Total Employees 6.00 5.0%

Skills Development Expenditure on Bursaries for Black Students at Higher Education

Institutions as % of Leviable Amount 4.00 2.5%

Skills Development on Black Employees with disabilities as a % of Leviable Amount 4.00 0.3%

Skills Development Expenditure on Black People as a % of Leviable Amount 6.00 3.5%

0 20.00 0.0%

Black People Living with Disabilities as a % of All Employees 2.00 2.0%

% Black People in Junior Management 1.00 88.0%

% Black Women in Junior Management 1.00 44.0%

% Black People in Middle Management 2.00 75.0%

% Black Women in Middle Management 1.00 38.0%

% Black People in Senior Management 2.00 60.0%

% Black Women in Senior Management 1.00 30.0%

% Black Executive Directors 2.00 50.0%

% Black Women Executive Management 1.00 30.0%

0 9.00 0.0%

Equity

Ownership

Exercisable Voting Rights by Black People 4.00 25%+1

Exercisable Voting Rights by Black Women 2.00 10.0%

Economic Interest to which Black People are entitled 4.00

Management

Control

% Black Executive Management 2.00 60.0%

% Black Women Executive Directors 1.00 25.0%

% Exercisable Voting Rights of Black Women Board Members 1.00 25.0%

Target

% Exercisable Voting Rights of Black Board Members 2.00 50.0%

Involvement in the ownership by Black New Entrants 2.00 2.0%

A - Net Value 8.00 25.0%

Economic Interest to which Black Women are entitled 2.00 10.0%

Economic Interest to which BDG's, EOS, BBOS and Co-op's are entitled 3.00 3.0%

Amended Codes - Generic Scorecard:

25.0%

Element

0

Indicator Weight

Weighted BEE Procurement Expenditure - All Suppliers 5.00 80.0%



3.

Bonus Points 2.00 100.00% 2.00

Bonus Points 5.00 5.90% 0.29

5.00 Socio-Economic Development

100.00% 10.00

100.00% 5.00

10.00

5.00

94.19% 39.56

76.14% 20.56

42.00

27.00

Enterprise and Supplier Development

Preferential Procurement

Supplier Development

Enterprise Development

Bonus Points 2.00 100.00% 2.00

100.00% 5.00

10.00

20.00

53.99% 10.26

72.02% 6.48

Management Control

Board and Other Executive Management

91.96% 22.99 YEquity Ownership

Employment Equity

Skills Development

25.00

19.00

9.00

37.76% 3.78

65.35% 13.07 Y

Overall BEE Score

Scorecard Summary and Priority Elements:

Media24 is classified as a Level 3 contributor towards Broad Based Black Economic

Empowerment.

Description Weighting

111.00

Points

Priority

Element

Threshold

Achieved

90.88

% Score for

Indicator

Y

Y

Y

0%

20%

40%

60%

80%

100%

Equity Ownership

Management Control

Skills DevelopmentEnterprise and Supplier

Development

Socio-Economic Development

Status per Element



4.1 Empowering Supplier Status:

The recognition of empowering supplier status has been extended until further determination

and any entity measured on or after 1 May 2016 will automatically be recognised as an

Empowering Supplier until a further notice is issued.

The Department of Trade and Industry issued Notice 708 of 2016 of Government Gazette No.

40375 on the 28th October 2016 regarding the application of the Empowering Supplier Status.

Yes

Media24 is an Empowering Supplier.



5.

5.1 Equity Ownership :

Exercisable Voting Rights by Black People 4.00 36.68% 25%+1 100.0%

Table 5.1.3: Equity Ownership Scorecard

Indicator Weight

Table 5.1.2: Media24 (Pty) Ltd and Subsidiaries Effective Black ShareholdingDescription

A - Net Value 8.00

65.38% 25% 100.00%

B - Economic Interest 65.38% 25% 100.0%

Involvement in the ownership by Black New Entrants 2.00 14.81% 2.00% 100.00%

Economic Interest to which BDG's, EOS, BBOS and Co-op's are

entitled 3.00 0.99% 3.0% 33.00%

Target

34.04% 10% 100.00%

Economic Interest to which Black People are entitled 4.00 65.38% 25% 100.0%

Exercisable Voting Rights by Black Women 2.00 17.54% 10% 100.00%

Actual

36.68%

4.00

Effective Black Ownership in Measured Entity using the Flow Through Principle

65.38%

% Voting

Rights by

Black People

Table 5.1.1: Media24 (Pty) Ltd and Subsidiaries Shareholders:

8.00

Total 25.00 22.99

36.68%

%

% Economic

Interest by

Black People

Media 24 Holdings (Pty) Ltd

Total

100.00%

100.00% 65.38%

2.00

4.00

2.00

2.00

0.99

% Share

Result Points

Economic Interest to which Black Women are entitled 2.00

Shareholder(s) Detail

36.68%

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.

Sections :



Media24 contributes towards broad based black economic empowerment in terms of the equity

ownership of the company.

Black, 65.38%

White / NSA, 34.62%

Economic Interest by Race

Black, 36.68%

White / NSA, 63.32%

Voting Rights by Race



5.2 Management Control :

5.2.1 Board Representation and other Executive Management:

A = African, I = Indian, C = Coloured, W = White, NSA = Non-South African

O Lalbahadur I M

T Vermeulen

C

E Weideman W F

C M

J Strauss-Held C F

R Jafta C F

K Mthimunye A F

T Petersen

J Bekker W

M Davidson C MExecutive Directors

13%

13%

Other Executive Management

Non-Executive Directors

L Jacquet

W M

S Goodwin W F

F

E Ashton W M

M

M Patel I M

Table 5.2.1.1: Listing of Board of Directors and other Executive Management

Designation

E Wessels W F

M Swart W M

S Van der Merwe W F

J Langeveld C M

% Votes

Board Participation

Other Executive Management

Gender (M/F)

Race

(A/I/C

W/NSA)

13%

13%

13%

13%

Name

13%

13%

African, 13%

Indian, 13%

Coloured, 50%

White, 25%

Board Representation



% Black Executive Directors 2.00 2.00 2 50% 100%

1.11

% Black Women Executive Management 1.00

3.00 9 60%

Points

2.00

% Exercisable Voting Rights of Black

Women Board Members 1.00 38% 100% 25% 100% 1.00

% Exercisable Voting Rights of Black Board

Members 2.00 75% 100% 50% 100%

0% -

0.37

% Black Executive Management

2.00

% Black Women Executive Directors

56% 2.00

Total 9.00 6.48

Media24 contributes towards broad based black economic empowerment in terms of the board

participation and other executive management of the company.

1.00 - 2 25%

1.00 9 30% 37%

Measurement Category Weight ActualTotal in

CatTarget Result

Table 5.2.1.2: Board Representation and other Executive Management: Scorecard

Indian, 1

Coloured, 1

Executive Directors Representation

Indian, 1

Coloured, 2

White, 6

Other Executive Management Representation



5.2.2 Employment Equity:

Afr

ican

Co

lou

red

Ind

ian

No

n B

lack

Afr

ican

Co

lou

red

Ind

ian

No

n B

lack

- 2 2 3 - 1 - 3

2 2 2 34 2 7 3 27

30 68 9 186 34 88 17 246

243 213 40 240 258 331 51 458

186 108 8 15 182 190 17 70

1 - - - 9 4 - -

462 393 61 478 485 621 88 804

17 4 0 6 20 8 1 15

African

Coloured

Indian

White

Total

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 Women in Junior Management

Black People Living with Disabilities as a % of All

Employees

Total

Female

42.80% 36.00%

5.20% 4.40%

1.70%

10.00

0.45

2.00 50.00 3392 2% 74% 1.47

1.00 363.26 1834 44% 45%

0.26

1.00 718.91 1834 88% 45% 0.45

1.00 67.61 678 38% 26%

0.21

2.00 132.17 678 75% 26% 0.52

1.00 5.09 79 30% 21%

2.00 9.69 79 60% 20% 0.41

PointsResult

2.70%

5.10% 3.90% 9.00%

317 459

Unskilled

National EAP Targets as per annual CEE Report

Male

The EAP (Economically Active Population) target used for this verification was based on the19th

National EAP Targets as per annual CEE Report as provided by The Department of Labour.

These racial demographics distribution are as follows:

Total Employees

Semi-skilled & Discretionary Decision

Making

54.80% 45.30% 100.10%

Race

Table 5.2.2.2: EAP Targets

1 13

Professionals, Specialists & Mid-

Management293 385

Skilled Workers, Supervisors & Junior

Management736 1,098

Top Management 7 4

Senior Management 40 39

776

Table 5.2.2.1: Employment Equity

1394 1,998 3,392

Disabled 27 44 71

1.00%

Occupational Level

Males Females

To

tal

Su

b-T

ota

l

Su

b-T

ota

l

1,834

678

79

11

3.78

9.60%

78.80%

Total

14

Table 5.2.2.3: Employment Equity Scorecard

Weight ActualTotal in

CatTarget



The representation of the various race groups in junior management against EAP targets is

represented as follows:

Media24 contributes towards broad based black economic empowerment in terms of the

employment equity of the company.

The representation of the various race groups in middle management against EAP targets is


The representation of the various race groups in senior management against EAP targets is


0

5

10

15

20

25

30

35

AM CM IM WM AF CF IF WF

2 2 2

34

2

7

3

27

23

31

21

31

Senior Management - EAP Actuals vs Target Actual

Target

0

50

100

150

200

250


30

68

9

186

34

88

17

246239

30

10

225

28

7

Middle Management - EAP Actuals vs Target Actual

Target

0

100

200

300

400

500

600

700

800


243213

40

240 258

331

51

458

759

93

31

702

86

20

Junior Management - EAP Actuals vs Target Actual

Target



5.3 Skills Development :

Category

A

Bursaries

B

Internships

C

Learnerships

D

Learnerships or

Apprenticeships

E

Work-Integrated

Learning

F Informal

Training

G

Informal Training

Occupationally-directed

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

Institution-based theoretical

instruction alone - formally

assessed by the educational

institutions, established by

or registered with the

Department of Basic

Education or the Department

of Higher Education &

Training

Institutional Instruction

Universities and

colleges,

schools, ABET

providers

Recognised theoretical knowledge

resulting in the achievement of a

degree, diploma or certificate issued

by an accredited or registered formal

institution of learning

Institution-based theoretical

instruction as well as some

practical learning with an

employer or in a simulated

work environment - formally

assessed by the institution

Mixed mode delivery with

institutional instruction as

well as supervised learning

in an appropriate

workplace or simulated

work environment

Universities and

colleges,

schools, ABET

providers and

workplace

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


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

Skills Development Expenditure is classified in the categories listed in table 5.3.1 below. All

categories are included for skills development expenditure in Rands but category F and G,

accommodation, travel and catering 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 5.3.1: Learning Programme Matrix

Narrative Description Delivery Mode Learning Site Learning Achievement

Work-based informal

programmesInformal training Workplace

Increased understanding of job or

work context or improved performance

and skills


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,

institutional as

well as ABET

providers

Credits awarded for registered unit

standards, continued professional

development, improved performance

or skills (e.g. Evidence of outputs

based on Performance Development

Programme)


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)

Theoretical knowledge and workplace

learning, resulting in the achievement

of a SAQA registered qualification, a

certificate or similar occupational or

professional qualification issued by an

accredited or registered formal




African

Coloured

Indian

White

Total

9.60%

1.70%

9.00%

54.80% 45.30% 100.10%

Race Male Female

42.80% 36.00%

The allocation of skills development expenditure per race group against EAP target is

represented by the following graph:

Black People Participating in Learnerships,

Apprenticeships and Internships as a % of Total

Employees

6.00 144.75 3,392 5.00% 85.35%

0.29

Total 20.00 13.07

Bonus Point: Number of Black People Absorbed 5.00 10.00 169.60 100.00% 5.90%

3.01

Skills Development Expenditure on Bursaries for Black

Students at Higher Education Institutions as % of

Leviable Amount

4.00 4,292,073 1,072,531,868 2.50% 16.01% 0.64

Skills Development Expenditure on Black People as a %

of Leviable Amount 6.00 18,852,667 1,072,531,868 3.50% 50.22%

5.12

Table 5.3.3: Skills Development Scorecard

Measurement Category Weight Actual Denominator Target Result Points

5.20% 4.40%

National EAP Targets as per annual CEE Report

The EAP (Economically Active Population) target used for this verification was based on the19th

National EAP Targets as per annual CEE Report as provided by The Department of Labour.

These racial demographics distribution are as follows:

0.30% 100.00%

Table 5.3.2: EAP Targets

4.00 1,072,531,868 4.00 Skills Development on Black Employees with disabilities

as a % of Leviable Amount 3,226,811

78.80%

Total

1.00% 2.70%

5.10% 3.90%

-

2,000,000

4,000,000

6,000,000

8,000,000

10,000,000

12,000,000

14,000,000

16,000,000

18,000,000


6,199,860

3,376,607

244,993

4,330,316

8,081,012

5,733,572

371,031

2,374,615

17,636,144

2,142,709

700,501

14,834,140

1,813,062412,059

Skills Development Spend vs. Target Spend

Target



The allocation of bursary expenditure per indicator is represented by the following graph:

Of the total staff compliment of 3392, which forms the baseline, 225 black people on category B,

C and D learning programmes were identified for the period under review. The allocation of race

group against EAP target is represented below:

Media24 contributes towards broad based black economic empowerment in terms of the skills

development of the company.

-

20

40

60

80

100

120


56

19

2 6

107

39

2 2

80

104

68

92

Black People on Category B, C and D Learning Programmes Number

Target

-

2,000,000

4,000,000

6,000,000

8,000,000

10,000,000

12,000,000

14,000,000


933,185 457,393 138,190

815,513 1,541,793

1,087,773 133,739

3,583,465

12,597,246

1,530,507500,358

10,595,814

1,295,044 294,328

Bursary Skills Development Spend vs. Target Spend

Target



5.4 Enterprise and Supplier Development5.4.1 Preferential Procurement :

Category

A

C

D

F

G

H

E

Investments in or loans to an associated enterprise

Investments, loans or donations qualifying for recognition under Enterprise Development or Socio-

Economic Development

Imports

Imported capital goods or components for value-added production in SA provided that there is no

local production and that importing promotes further value-added production in SA

Imported goods and services which carry a different brand to the locally produced goods or services,

provided that an Enterprise and Supplier Development Plan has been developed and implemented

Imported goods and services that have different technical specifications to the locally produced

goods or services, provided that an Enterprise and Supplier Development Plan has been developed

and implemented

Public Sector Procurement

B

All goods and services procured from organs of state and public entities listed in Schedule 1 of the

PFMA Act of 1999

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

Imports other than those excluded under permissible exclusions in table 5.4.1.2

Intra-group 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 5.4.1.2: Permissible ExclusionsDescription

Taxation

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 4.5.1.2 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

The following procurement is measurable within Total Measured Procurement Spend:

Table 5.4.1.1: Total Measured Procurement SpendDescription

Cost of Sales

Operational Expenditure

Capital Expenditure

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

5.4.1.1 lists the items included in TMPS and table 5.4.1.2 lists permissible exclusions.

Empowerment Related Procurement



Level One 379,887,059 135% 510,558,549

575,789,172 125%

Level Three 429,020,985 110% 471,666,043 14.2%

Level Four 636,441,463 100% 617,971,394 21.0%

- 27.7%

717,146,190 19.0%

Level Seven 8,478,640 50% 4,239,320

10,811,205 0.5%

Level Six 19,506,021 60% 11,482,256 0.6%

13,776,070 80%Level Five

Total 3,025,082,342 2,349,837,248 100.0%


preferential procurement of the company.

BBBEE Level R Value Recognition % Weighted BEE Procurement %

0.3%

Level Eight 60,538,899 10% 5,962,291.7 2.0%

Non-compliant 62,565,200 0% - 2.1%

No Status 839,078,833 0%

The weighted BEE procurement spend constituted 77.68% of total measured procurement

spend. The spend with suppliers in the different BBBEE status levels are listed below:

Table 5.4.1.3: Weighted BEE Procurement per Level

12.6%

Level Two

Level One13%

Level Two19%

Level Three14%Level Four

21%

Level Six1%

Level Eight2%

Non-compliant2%

No Status28%

Preferential ProcurementSpend with Suppliers classified i.t.o their BBBEE Status

-

500,000,000

1,000,000,000

1,500,000,000

2,000,000,000

2,500,000,000

Weighted BEE Spend -All Suppliers

Weighted BEE Spend -QSE

Weighted BEE Spend -EME

Procurement Spend -Black Owned

Procurement Spend -Black Women Owned

2,349,837,248

61,981,329

566,709,900

1,017,410,313

353,494,598

2,420,065,873

453,762,351 453,762,351

1,512,541,171

363,009,881

Preferential Procurement Actual vs. Target Spend

Target



5.4.2 Supplier Development

Table 5.4.2.1: Qualifying Contribution TypesGrant and Related Contributions

Qualifying Contribution Type

Interest Free Loan with no security requirements

Equity Investments and Related Contributions

Grant Contribution Minority Investment in Black Owned EME and QSE's

Discounts in addition to normal business practice Enterprise Development 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

Supplier Development means monetary or non-monetary 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 as either EME's or

QSE's with more than 51% Black Ownership. The Supplier Development type contributions are

classified in table 5.4.2.1.

Lower Interest Rate

The following Supplier development initiatives (monetary investments or quantifiable non-

monetary support) were identified for the period under review at the time of the measurement.

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

Total 1,540,000

Guarantees Shorter payment periods (limited to 15% of points)

Direct Cost incurred Minority Investment in other Enterprises


enterprise development of the company.

1,540,000

Contribution

Table 5.4.2.2: Supplier Development Contributions

Interest Free Loan with no security requirements

100%

Supplier Development Split



5.4.3 Enterprise Development

The following Enterprise development initiatives (monetary investments or quantifiable non-

monetary support) were identified for the period under review at the time of the measurement.

Table 5.4.3.2: Enterprise Development ContributionsQualifying Contribution Type Contribution

Standard Loan to other Beneficiaries

Guarantees

Lower Interest Rate

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

Grant Contribution

Direct Cost incurred

Time of employees deployed in assisting beneficiaries

Total 599,559


enterprise development of the company.

Time of employees deployed in assisting beneficiaries

Direct Cost incurred Minority Investment in other Enterprises

Discounts in addition to normal business practice Enterprise Development Investment with lower dividend to Financier

Overhead Costs incurred Contributions made in the form of Human Resource Capacity

Table 5.4.3.1: Qualifying Contribution TypesGrant and Related Contributions Equity Investments and Related Contributions

Grant Contribution Minority Investment in Black Owned EME and QSE's

Enterprise Development means monetary or non-monetary 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 as either EME's or

QSE's with more than 51% Black Ownership. The Supplier Development type contributions are

classified in table 5.4.3.1

55,350

244,209

300,000

Grant Contribution50%Direct Cost incurred

41%

Time of employees deployed in assisting

beneficiaries9%

Enterprise Development Split



5.5 Socio-Economic Development:

Category

A

B

C

D

E

Discounts in addition to normal business practice Time of employees deployed in assisting beneficiaries

Support of healthcare and HIV/AIDS programmes

support for education programmes, resources and materials at primary, secondary and tertiary education level as well as

bursaries and scholarships

Community training, skills development for unemployed people and adult basic education and training

Support of arts, cultural or sporting development programmes

Table 5.5.2: Qualifying Contribution TypesGrant and Related Contributions Contributions made in the form of Human Resource Capacity

Level 1

Socio-Economic Development means monetary or non-monetary contributions actually initiated

and implemented in favour 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 5.5.1 and Contributions Types in table 5.5.2

Table 5.5.1: Socio-Economic Development ProgrammesDescription

Development Programmes for women, youth, people with disabilities, people living in rural areas

Grant Contribution Professional Services Rendered at no cost


Table 5.5.3: Socio-Economic Development Contributions

Professional Services Rendered at a discount

Media24 contributes towards broad based black economic empowerment in terms of the Socio-

Economic Development of the company.

2,218,289

47,560

2,170,729

Contribution

Total


Grant Contribution

Overhead Costs incurred

The following Socio-Economic Development initiatives were identified for the period under

review.

Initiative / Project

Education93%

Development Programmes4%

Health3%

Socio-Economic Development Split



Level 1 ≥ 100 points

Level 2 ≥ 95 Net Value Y

Level 3 ≥ 90

Level 4 ≥ 80

Level 5 ≥ 75

Level 6 ≥ 70

Level 7 ≥ 55

Level 8 ≥ 40

Enterprise

Development

Y

Y

Y

Y

Amended Codes - Generic BBBEE Profile

Non-

Compliant< 40

Priority Elements

Skills

Development

Preferential

Procurement

Supplier

Development

Management Control 72.02%

Employment Equity 37.76%

Preferential Procurement

76.14%

Enterprise Development

100%

Supplier Development

100%

Ownership 91.96%

Management Control 53.99%

Skills Development (Incl Bonus Points)

65.35%

Enterprise and Supplier Development

94.19%

Broad Based Black Economic Empowerment Score 90.88 points - Level 3

Socio-Economic Development

100%

Other N/A

Skills Development

63.87%

CAT B,C,D and Unemployed

N/A

EmpowerLogic BBBEE ProfileJune 2020


Objective Indicator Weight Actual Value Actual Base Target Result Points

Broad Based Black Economic Empowerment Contribution 111.0 90.88% 90.88

Objective : Ownership 25.00 91.96% 22.99

Exercisable Voting Rights by Black People 4.00 36.68% 100.00% 25%+1 100.00% 4.00

Exercisable Voting Rights by Black Women 2.00 17.54% 100.00% 10.00% 100.00% 2.00

Economic Interest to which Black People are entitled 4.00 65.38% 100.00% 25.00% 100.00% 4.00

Economic Interest to which Black Women are entitled 2.00 34.04% 100.00% 10.00% 100.00% 2.00

Economic Interest to which BDG's, EOS, BBOS and Co-op's are entitled 3.00 0.99% 100.00% 3.00% 33.00% 0.99

Involvement in the ownership by Black New Entrants 2.00 14.81% 100.00% 2.00% 100.00% 2.00

A - Net Value 65.38% 100.00% 25.00% 100.00%

B - Economic Interest 65.38% 100.00% 25.00% 100.00%

Objective : Management Control 19.00 53.99% 10.26

Objective: Board Participation and Other Executive Management 9.00 72.02% 6.48

% Exercisable Voting Rights of Black Board Members 2.00 75.00% 100.00% 50.00% 100.00% 2.00

% Exercisable Voting Rights of Black Women Board Members 1.00 37.50% 100.00% 25.00% 100.00% 1.00

% Black Executive Directors 2.00 2 2 50.00% 100.00% 2.00

% Black Women Executive Directors 1.00 - 2 25.00% 0.00% -

% Black Executive Management 2.00 3 9 60.00% 55.56% 1.11

% Black Women Executive Management 1.00 1 9 30.00% 37.04% 0.37

Objective : Employment Equity 10.00 37.76% 3.78

% Black People in Senior Management 2.00 9.69 79 60.00% 20.45% 0.41

% Black Women in Senior Management 1.00 5.09 79 30.00% 21.48% 0.21

% Black People in Middle Management 2.00 132.17 678 75.00% 25.99% 0.52

% Black Women in Middle Management 1.00 67.61 678 38.00% 26.24% 0.26

% Black People in Junior Management 1.00 718.91 1,834 88.00% 44.54% 0.45

% Black Women in Junior Management 1.00 363.26 1,834 44.00% 45.02% 0.45

Black People Living with Disabilities as a % of All Employees 2.00 50.00 3,392 2.00% 73.70% 1.47

Employment

Equity

Amended Codes - Generic Scorecard

8.00 8.00

Equity

Ownership

Management

Control

EmpowerLogic BBBEE ScorecardJune 2020


Objective Indicator Weight Actual Value Actual Base Target Result Points

Amended Codes - Generic Scorecard

Objective : Skills Development 20.00 65.35% 13.07

Skills Development Expenditure on Black People as a % of Leviable Amount 6.00 18,852,667 1,072,531,868 3.50% 50.22% 3.01

Skills Development Expenditure on Bursaries for Black Students at Higher Education Institutions as % of Leviable Amount 4.00 4,292,073 1,072,531,868 2.50% 16.01% 0.64

Skills Development on Black Employees with disabilities as a % of Leviable Amount 4.00 3,226,811 1,072,531,868 0.30% 100.00% 4.00

Black People Participating in Learnerships, Apprenticeships and Internships as a % of Total Employees 6.00 144.75 3,392 5.00% 85.35% 5.12

Bonus Point: Number of Black People Absorbed 5.00 10 170 100% 5.90% 0.29

Objective: Enterprise and Supplier Development 42.00 94.19% 39.56

Objective : Preferential Procurement 27.00 83.55% 22.56

Weighted BEE Procurement Expenditure - All Suppliers 5.00 2,349,837,248 3,025,082,342 80.00% 97.10% 4.85

Weighted BEE Procurement Expenditure - Qualifying Small Enterprises 3.00 61,981,329 3,025,082,342 15.00% 13.66% 0.41

Weighted BEE Procurement Expenditure - Exempted Micro Enterprises 4.00 566,709,900 3,025,082,342 15.00% 100.00% 4.00

Weighted BEE Procurement Expenditure - Suppliers that are at least 51% Black Owned 11.00 1,017,410,313 3,025,082,342 50.00% 67.26% 7.40

Weighted BEE Procurement Expenditure - Suppliers that are at least 30% Black Women Owned 4.00 353,494,598 3,025,082,342 12.00% 97.38% 3.90

Bonus Points: Procurement Expenditure from Designated Group Suppliers that are at least 51% Black Owned 2.00 185,946,783 3,025,082,342 2.00% 100.00% 2.00

Objective : Enterprise and Supplier Development 15.00 113.33% 17.00

Annual Value of all Supplier Development Contributions as a % of NPAT 10.00 1,540,000 49,346,818 2.00% 100.00% 10.00

Annual Value of all Enterprise Development Contributions as a % of NPAT 5.00 599,559 49,346,818 1.00% 100.00% 5.00

Bonus Point: Graduation 1.00 Yes Yes Yes 100.00% 1.00

Bonus Point: Creating Jobs 1.00 Yes Yes Yes 100.00% 1.00

Objective : Socio Economic Development 5.00 100.00% 5.00

Annual Value of all Socio-Economic Development Contributions as a % of NPAT 5.00 2,218,289 49,346,818 1.00% 100.00% 5.00

Preferential

Procurement

Enterprise and

Supplier

Development

Socio-Economic

Development

Skills

Development

EmpowerLogic BBBEE ScorecardJune 2020

level 3 contributor...the natal witness printing and publishing company (pty) ltd 1988/002702/07...

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