Does your company need consultation on conformance with the following:
- The Department of Trade and Industry’s (“DTI”) Draft Codes of Good Practice on Broad- Based Black Economic Empowerment (the “Codes”)
- Various Industry Charters
- Broad Based- Black Economic Empowerment rating system (“BłE˛ Scorecard”)
PricewaterhouseCoopers understands the increased demands in relation to transformation.
We have a team of professionals who can assist you to respond to issues around broad based black economic empowerment.
Furthermore, we conduct internal assurance of a company’s completed BłE˛ Scorecard. This process includes an evaluation of the performance a company in terms of the specified indicators, as outlined by the DTI Codes of Good Practice and the generic Scorecard. These elements are:
- Ownership and control
- Human resources development
- Procurement
- Enterprise development
- Access to financial services
- Empowerment financing
- Shareholder activism
- Corporate social investment
Transformation in the Mining Sector
Has your company appropriately addressed the letter and the spirit of:
- The Minerals and Petroleum Resources Development Act and Regulations?
- The Mining Sector’s Broad- Based Socio-Economic Empowerment Charter and Scorecard?
- The Department of Trade and Industry’s Draft Codes of Good Practice on Broad- Based Black Economic Empowerment?
Has your company formulated its corporate reporting on transformation taking into account the following:
- Transformation in the context of overall sustainability reporting and the Mining Charter requirement for external assurance of your report?
- Do your stakeholders understand transformation and their expected roles in the transformation process of your company?
Has your company:
- Implemented and reported on its social and labour plans?
- Provided for the development of the local communities in the areas within which it operates?
- Implemented a community development framework?
PricewaterhouseCoopers understands the increased demands in relation to transformation within the mining sector in South Africa. We have a team of professionals who can assist you to respond to issues such as broad based black economic empowerment, governance, community, labour and environmental management.
