Social, Ethics and Transformation Committee report

DEAR STAKEHOLDERS

I am pleased to report on the activities of the Committee for the financial year ended 31 May 2015.

The Committee was formed in February 2012 in accordance with section 72(4) of the Act and operates under Board-approved terms of reference, which include meeting twice per financial year.

Two main items occupied the Committee’s deliberations during the year:

  • Transformation in the workplace: Current initiatives and reviewing their effectiveness, designing a roadmap to address equity B-BBEE shortfalls, Company and subsidiary B-BBEE ratings, and impacts of the revised and clarified dti codes of good practice.
  • Support for the Boys & Girls Clubs of South Africa (BGCSA): The flagship project to provide significant and sustainable support for the Protea Glen Club was approved during the year. The Committee undertook a comprehensive visit to the construction site in March 2015 and met with stakeholders, including representatives of BGCSA, Tupperware and the contractors. Following completion of the facilities in July 2015, the club will be formally opened later this year.

The Committee also considered the following matters:

  • Current and new training and development programmes, including Board participation, leadership and mentoring programmes.
  • Consideration of the feedback provided by the Chairman of the Employment Equity Committee.
  • 10 principles of the United Global Compact.
  • Business ethics statement and whistle blowing policy.
  • Health and safety performance across the Group.
  • Monitoring and spend of CSI projects.
  • Current donations and sponsorships.

I look forward to reporting on our progress next year.

SJ Vilakazi
Chairman

23 October 2015