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57

BLUE LABEL INTEGRATED ANNUAL REPORT 2015

STAKEHOLDER RELATIONS

CONTINUED

Stakeholder

group

Nature of engagement

Method of

engagement

Dialogue process and

outcomes

Business

partners and

suppliers

– we collaborate

to enhance the

end customer’s

experience

The relationships with business

partners such as Vodacom, MTN,

Cell C, Telkom, Eskom,

municipalities, utilities,

parastatals, event, concert

and sport organisers, transport

providers, commercial banks and

merchant acquirers, as well as

service providers are managed

in terms of written distributor

and/or dealer agreements. The

nature of the agreements are

generally long term.

Relationship managers are

appointed to each partner to

provide a single and dedicated

point of contact.

Suppliers are managed in a

formal procurement process,

during which issues such as

quality of product,

creditworthiness and B-BBEE

status are confirmed, prior to

their appointment. Suppliers of

services are, if appropriate,

initially engaged through a tender

process and, where successful,

agreements are concluded. The

majority of the Group’s goods

and services are procured from

locally based suppliers.

Engaging this group of

stakeholders also provides a

platform for product innovation,

as well as line of sight into

indicative market supply and

demand trends.

Written distributor

and/or dealer

agreements.

Face-to-face formal

and informal

meetings.

Site visits are held on

request.

We recognise the need to

work co-operatively to ensure

quality and value for money

in products and services.

Prompt and full payment for

goods delivered and services

rendered are key to

maintaining sound

relationships with this

stakeholder group. Matters

raised pertain mostly to

technical and operational

issues, which are resolved

timeously to ensure a smooth

service delivery.