ECE90 brake testing obtain level 4 contributor with low fronting risk BEE certification

ECE90 Vehicle brake testing


Release no. ECE0001


-MEDIA RELEASE-


FOR IMMEDIATE RELEASE
BEE-1





ECE90 brake testing obtain level 4 contributor with low fronting risk BEE
certification


Johannesburg, South Africa – ECE90 Brake Testing (Pty)Ltd laboratory
announced this week that they received level 4 Contributor, with low
fronting risk certification in terms of the broad based black economic
empowerment Act 53 of South Africa 2003.
Based on Econometrix statistics, South Africa showed a 2.8 % GDP growth
between 1993 and 2002.  Regardless of this growth, the South African
government determined that the economy is characterized by entrenched
inequalities hampering growth, and that this required intervention.  As a
result a broad-based black economic empowerment strategy was implemented
(Act 53 of 2003) in order to ensure a sustainable socio-economic environment
in South Africa.
This broad based black economic empowerment act, implemented in 2003
resulted in specific objectives that were set.  Key principles included
measurability, sound economic principles, Substance over form,
comparability, reliability, completeness and timelines.
The South African government set out to implement a set of rules against
which the strategy objectives could be measured.  These set of rules are
known as “Code of good practice”.
The code of good practice consists of 3 levels:
1.      Direct empowerment through ownership and control of enterprises and
assets.
2.      Human resource development.
3.      Indirect empowerment through preferential procurement and enterprise
development.
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A scorecard has been compiled by the Department of Trade and industry, and
used by DTI approved agencies to perform evaluations.  The result of the
scorecard determines the enterprise’s level of contribution to black
economic empowerment in South Africa.
The scorecard consists of 7 elements: Ownership (20%), Management control
(10%), employment equity (10%), Skills development (20%), Preferential
procurement (20%), Enterprise development (10%) and residual/CSI (10%).
A level 4 (65% - 75%) score with low fronting risk as received by ECE90
vehicle brake testing services implies a good level of compliance and simply
means that ECE90 vehicle brake testing qualifies for the following:
1.      Preferential procurement by local and central Government
2.      Issuing of licenses and concessions by Government agencies
3.      Preferential procurement by private sector to improve BEE score.
It is also implies that, if ECE90 is used as supplier of services, it
improves that BEE compliance of their customers.
The media and related parties are invited to visit www.ece90.com
<http://www.ece90.com/>  for more information or comment about their status
on the Brake Testing blog. <http://www.ece90.com/brake-testing.html>
-ENDS-



For further information please contact:              Compiled and
distributed by:
Alan Wright                                                       M. Stuiver
t/a E-SPECTATIONS.COM
ECE90  Brake Testing (Pty)Ltd                         P.O. Box 1792
P.O. Box 2534, Northriding                                 Amanzimtoti
Johannesburg South Africa  2162                 Kwazulu Natal South Africa
4125
Tel: 2711 5497308                                                Tel: 2731
9163219
Fax: 27866312226                                         Fax: 2731 9163219
Email: info@ece90.com                                             Email:
marinda@e-spectations.com
Web site: www.ece90.com                                    Web site:
www.e-spectations.com