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Impumelelo aims to identify South Africa’s top empowerment companies by evaluating companies in terms of three spheres, namely empowerment credentials, financial performance and the triple bottom line. It has developed these criteria with the University of Cape Town, and Topco Media’s research team use these criteria to conduct extensive research.

Companies are assessed on the seven pillars of empowerment as set out by the dti, namely ownership/directorship, management, employment equity, skills development, enterprise development, preferential procurement and corporate social investment. Given Impumelelo’s focus on empowerment, only companies with both black ownership and directorship, irrespective of the level, qualify for consideration. Further, eligibility is determined by compliance with minimum turnover requirements:

Only companies with turnover in excess of R10-million per annum, or those with a turnover of between R8-million and R10-million that have exhibited growth of 15 percent or more in the past year are eligible for consideration. However, in order to be considered one of South Africa’s top empowerment companies, a minimum number of points need to be accumulated by companies across seven qualification criteria.

These criteria are:

• Black ownership as a share of total ownership
• Black executive directors as a share of all executive directors
• Black senior managers as a share of total senior management
• Black employees as a share of total employment
• Corporate social investment spend (in both absolute and relative terms)
• Expenditure on skills development focused on empowering historically disadvantaged individuals
• Procurement practices

Companies complying with the ownership and directorship requirements, and exceeding the minimum turnover requirements are evaluated according to these criteria and points are allocated relative to their performance. Depending on their specific performances, companies are allocated high, medium or low points for each criterion. Those companies that meet the minimum points requirement qualify for entry into the publication and are then also eligible for the various related awards, each of which have further minimum requirements.

Nolitha (Pty) Ltd is listed with the Impumelelo Publications for the past 5 years as it had satisfied all the criteria required.