BBBEE @ RAM

RAM Hand-to-Hand Couriers recognises the importance of transformation in South African society. Independent Auditors and SANAS accredited BBBEE Verification Agency, Mazars, has prepared RAM’s annual Broad Based Black Economic Empowerment Report.

Click here to view our BBBEE Certificate.

RAM’s certificate indicates that RAM is a 51% Black Owned, Level One Contributor, Value-Adding Supplier.

In terms of the Codes of Good Practice on Black-Economic Empowerment signed by the Minister of Trade and Industry on 09 February 2007:

• a Level 1 Status Level entitles purchasers to recognise 135% of their procurement from the measured entity when preparing their B-BBEE certificate;
• a Value-Adding Supplier is defined as "an Entity registered as a vendor under the Value-Added Tax of 1991, whose Net Profit before Tax summed with its Total Labour Cost exceeds 25% of the value of its Total Revenue." Purchases from Value-Adding Suppliers are multiplied by 125% when preparing the purchaser's B-BBEE certificate.

When taking RAM’s Level 1, Value-Adding Supplier status into account, RAM Logistics' effective procurement spend recognition is 168.75% (135% x 125%), which exceeds the equivalent Level 1 recognition level, for a non-value adding supplier of 135%.

In essence, and in terms of the current Transport Sector Code, RAM Logistics is -

• 51.08% Black Owned; plus
• a Level One Contributor providing 135% procurement spend recognition, plus
• has a Value-Adding Supplier Status.

Accordingly, from RAM Logistics’ client’s perspective (Measured Entity) this would entitle RAM Logistics’ Client to recognise spend with RAM Logistics of 168.75% (135% x 125%) which can be recognised, under the following Preferential Procurement Indicators -

• B-BBEE Procurement Spend from all Empowering Suppliers based on the B-BBEE Procurement Recognition Levels as a percentage of Total Measured Procurement Spend (towards 5 Points in terms of the Codes);
• B-BBEE Procurement Spend from Empowering Suppliers that are at least 51% black owned based on the applicable B-BBEE Procurement Recognition Levels as a percentage of Total Measured Procurement Spend (towards 9 Points in terms of the Codes).

• In terms of the Enterprise and Supplier Development Scorecard, the Weighting Points represent the maximum number of points possible for each criterion that a Measured Entity may score in relation to the procurement of goods or services.
• For the purposes of this B-BBEE Schedule the Measured Entity is RAM Logistics Client which procures Logistics Services from RAM Logistics.
• The following table represents the criteria for deriving a score for Enterprise & Supplier Development under Series 400.