Level Three BEE Contributor Status

The BEE Codes of Good Practice attach levels of compliance to the points scored by a company on its BEE scorecard. Milpark achieved a score of between 75 and 85 points to achieve a level three compliance rating. 

Each compliance level has a BEE Recognition level associated with it which can be used by clients when calculating their procurement spend. Level 3 has 110% recognition, therefore each Rand spent by our clients on goods or services will be recognised at 110% for their B-BBEE procurement analysis.  

Ratings are done on the following components as per the Broad Based Economic Empowerment Strategy and the codes of Good Practice on Broad Based Economic Empowerment:

Direct Empowerment

• Ownership: flow of economic interest and exercisable voting rights
• Management and control: Black persons in executive management and/or executive board and board committees and Human Resources Development
• Employment Equity: weighted employment equity analysis
• Skills Development: expenditure as a proportion of total amount paid as SDL 

Indirect Empowerment

• Preferential Procurement: weighted preferential procurement spend
• Enterprise Development: cumulative recoverable and non-recoverable contributions to Enterprise Development over previous five years
• Social-Economic Development: cumulative non-recoverable contributions to qualifying Corporate Social Investment and Industry Specific Initiatives over previous five years

Click here to view a copy of the verification certificate.