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BLUE LABEL INTEGRATED ANNUAL REPORT 2016
Socio-economic
development (SED)
The Group streamlined SED spend
for the year to focus primarily on
initiatives relating to youth, sports
development and technological
development. Spend on SED
amounted to R6.5 million (2015:
R5.3 million). The increase was
attributable to several subsidiaries
being aligned to the ICT sector B-BBEE
scorecard, which carries a higher SED
target than the generic code.
The Group supports a number of
beneficiaries. The main focus remains
on the Boys and Girls Club of South
Africa (BGCSA). The highlight for the
year was the opening of the Protea
Glen Club on 19 May 2016. The event
was well attended by stakeholders
and attracted national media
coverage. The clubs offer facility-
based after-school programmes for
young people of ages between six
and 19, duly supervised by trained
professional staff who provide daily
structured programmes and activities.
Enterprise and supplier
development
The amended B-BBEE codes have
consolidated the measurement of
procurement and enterprise
development into a single item
focusing on enterprise and supplier
development.
The Group continues to provide
financial and strategic support to
ZOK, a qualifying enterprise focused
on empowering young, budding
entrepreneurs. They have access to
a fully equipped container which
enables them to operate as a retail
outlet, selling prepaid airtime and
electricity among other retail
offerings.
Given the fact that the bulk of the
Group’s procurement is from the
MNOs, the Group took a strategic
decision to route all “non-core”
procurement and services through The
Marvellous Company , a level 1
B-BEEE rated company.