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Black Economic Empowerment (BEE) |
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QED has contracted NERA (National Empowerment Rating Agency) to conduct a rating and complete QED’s BBBEE Scorecard. We achieved an overall score of 95.02%; therefore QED is classified as a Level 2 Contributor, meaning that our suppliers can attribute 125% of money spent with QED to BBBEE. We were rated on the following 4 elements of the scorecard: - Ownership (68.08%)
- Management Control (108%)
- Employment Equity (104%)
- Socio Economic Development (100%)
We have 67% Black Directors on the Board. To go one step further and to achieve true empowerment in the company, we have set up and registered an Employee Trust, giving the staff 30% equity in QED, of which 30% is Black Ownership.The trust is called the QED Employee Trust – Trust number – IT 4191/06. Click here to view our scorecard Click here to view our BEE certificate Social Responsibility QED is a small business and has conscience for social responsibility. The Management team of QED have made a business decision to give back some of its profits to organizations pursuing a good cause for disadvantaged communities.
QED has been supporting a crèche in Diepsloot to cater for some of its needs including contribution to building work, literature, toys and other important needs.
From the 21st December 2006 QED extended its social net to contribute to the needs of Lambano Sanctuary (a non-profit organization registered under section 21).
We believe that our contribution will assist in meeting the needs of this organization. Lambano Sanctuary has been operating since 2001. The aim of Lambano Sanctuary is to accept into their care, children who have been abandoned or orphaned, especially HIV/AIDS infected/affected children. Lambano provides these children with a caring Christian environment whereby they are nurtured and cared for, physically, emotionally and spiritually with unconditional love. QED has made continuous contribution to this organization throughout the course of 2007/8 financial year.
We have are currently supporting Sefikeng Primary School in Leeukop with material in kind for their school needs. Sefikeng Primary School has been identified for this current year for support. As education is our business, Sefikeng Primary School fits in well with our strategy and core focus.
We continue to explore other opportunities for effective social responsibility.
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