SACA PRESS RELEASE - SACA commits to Black Empowerment
SACA PRESS RELEASE
21th April 2011
SACA commits to Black Empowerment
SACA was recently awarded Level 2 Contributor status and achieved 125% compliance with the Department of Trade and Industry’s Codes of Good Practice for Broad-Based Black Economic Empowerment (BBBEE).
SACA is exceedingly pleased to announce that we received our official BBBEE Certificate and Report, following an independent assessment and verification audit by a SANAS accredited verification agency in February 2011. A good BBBEE rating is essential in the South African environment, as organisations with verified empowerment results contribute significantly towards the country’s overall economic development. For SACA, this means that we are able to influence the BBBEE results of our members, sponsors and partners and assist them in achieving their own BBBEE rating targets.
In terms of the Broad-Based Black Economic Empowerment Act, SACA has been recognised as being a BBBEE Level 2 Contributor, which is the equivalent of 125% compliance with the DTI’s Codes of Good Practice. With 99.17 points out of 100, SACA only nearly missed being awarded Level 1 contributor status – by a mere 0.93 points. Nevertheless, Level 2 is only achieved by outstanding BBBEE performers, and as an organisation, SACA is one of the few Level 2 performers who are also Qualifying Small Enterprises (QSEs) in the Tourism Industry.
BBBEE verification is something SACA have eagerly pursued, and we are delighted with the positive outcome of the process. Not only do we now empower South Africans but we also have the ability to be of further benefit to our members. Supporters of SACA can claim up to R1.25 of every rand spent with us, enabling them to earn additional points for their BBBEE procurement. SACA President Stephen Billingham says: “We are delighted with the level 2 accreditation awarded to SACA, especially with the impact it will have on our members and supporters. Our intention for the coming year is to maintain our current contributor status by continuing to actively pursue BBBEE compliance and empowerment initiatives, as well as to streamline our internal processes for measurement purposes. Through this achievement, SACA is well on its way to contributing towards an empowered South Africa.”
ISSUED BY THE SOUTH AFRICAN CHEFS ASSOCIATION. FOR FURTHER INFORMATION, PLEASE CONTACT Michelle Strauss,