At Anchor Industries and as a company operating in South Africa, Broad-Based Black Economic Empowerment (B-BBEE) has always been important. Since re-structuring the company in 2006, in what was then described by the Provincial Minister of Environment, Planning and Economic Development as “a model that sets the trend for others to follow,” Anchor has always strived to fulfill its transformation obligations.
So this years’ audit under the new codes was always going to present a significant challenge. “As this was our first audit under the new codes we weren’t entirely sure how we would match up to the requirements,” explains Dale Hutcheson, Managing Director.“Last year we scored 85 points and achieved a level 2, but this year 85 points would result in a level 4 and that’s before you considered that it’s become much harder to earn the same number of points.”
The first goal was to be evaluated as an Empowering Supplier, without which customers cannot use the entity’s scorecard to determine their preferential procurement spend. Once this was achieved Anchor, as a generic company with turnover above R50m was evaluated over the 5 elements, 3 of which are sub-minimum categories, meaning that if the company didn’t achieve at least 40% of the required target it would drop 1 level on their scorecard.
Hutcheson continues,“I’m proud to say that although we’ve dropped from a level 2, as a level 4 contributor customers are able to claim 100% of their spend as purchased from a BBBEE company. Under the new codes there are additional targets set for procurement from majority black owned companies and bonus points for purchases from black designated group suppliers. All of which you can claim when purchasing from Anchor.”
This audit shows yet again that Anchor is providing the best products and services while ensuring that customers can maximise the benefits from dealing with the company.