BEE Overview

The Prestige Group remains committed to transformation. Prestige embraces the ideals of Broad Black Economic Empowerment (BBBEE) and these remain a core focus and one of the best means of redressing the imbalances of the past, creating meaningful economic participation of all citizens of the country and decent jobs for thousands of South Africans.

It is in this light that Prestige is proud to have achieved a “LEVEL 2 BBBEE CONTRIBUTOR” status! This is a remarkable achievement for a company the size of Prestige and it is this progression from a Level 4 Contributor in 2008, to a Level 3 Contributor in 2009 and now a Level 2 Contributor in 2010 that demonstrates company’s commitment to transformation and continuous improvement within the empowerment sphere.

View Certificate (PDF file)

Prestige’s LEVEL 2 CONTRIBUTOR status and classification as a VALUE ADDING supplier means that our clients can claim 156% of their procurement spend with Prestige as BBBEE spend. Furthermore, Prestige’s 156% BBBEE procurement recognition exceeds that of a Level 1 supplier that is not a value adding supplier – refer to table below:

CONTRIBUTION LEVELQUALIFICATIONBBBEEE PROCUREMENT RECOGNITION %
Level 1> 100 points on Scorecard135% Prestige: 156%
Level 2> 85 But < 100 points on Scorecard125%
Level 3> 75 But < 85 points on Scorecard110%
Level 4> 65 But < 75 points on Scorecard100%
Level 5> 55 But < 65 points on Scorecard80%
Level 6> 45 But < 55 points on Scorecard60%
Level 7> 40 But < 45 points on Scorecard50%
Level 8> 30 But < 40 points on Scorecard10%
Non Compliant< 30 points on Scorecard0%

Prestige’s commitment to transformation will continue growing from strength to strength.