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AfroCentric INTEGRATED ANNUAL REPORT 2016
94
EMPOWERMENT (B-BBEE) AND
TRANSFORMATION – WE ARE PROUDLY A
LEVEL 2 CONTRIBUTOR TO B-BBEE
It is the responsibility of every company operating in South
Africa to incorporate the country’s economic transformation
agenda into business strategy. Companies should actively
seek opportunities to support existing government initiatives
aimed at driving economic transformation within their
operations. More importantly, they should contribute to the
upliftment of the communities they serve.
AfroCentric continues to review and re-align its policies and
business strategy with the evolving transformation legislation
to ensure that the Group’s contribution remains relevant and
meaningful to the country’s overall transformation.
Compliance with relevant legislation is a pillar of our
transformation strategy and we believe that we do more
than comply. We focus on development and health-related
initiatives, believing that the activities of the Group should
have a meaningful and sustainable impact on the lives and
communities of beneficiaries; as well as provide sustainable
healthcare.
TRANSFORMATION STEERING COMMITTEE
Transformation and B-BBEE remain the focus of the
Transformation Steering Committee, which comprises
members of the Executive Committee and Heads of
business. Individual members are allocated responsibility for
various aspects of transformation. They are accountable for
the Group’s performance and performance in the areas of
the business for which they are directly responsible. In this
way, transformation becomes a collective responsibility of
members of the Group’s Executive Committee and the heads
of the business.
B-BBEE PERFORMANCE
AfroCentric Health (Pty) Ltd, under the stewardship of
the AfroCentric Group, is committed to B-BBEE. This is
demonstrated by the Group’s majority black shareholding
and considerable black female shareholding.
AfroCentric Health maintained a strong performance and
averaged 90 points in the previous four verifications, and
a score of 95.90 in the most recent exercise. This was
conducted under a more rigorous scoring regime.
The table below depicts the scores obtained by the different
elements for the past five verification periods.
AfroCentric Health scores
New elements
Total
score
2016
Total
available
points
(including
bonus points)
2015
achieved
Previous
elements
Total
available
points 2014 2013 2012 2011
Ownership
25.00
25 25.00 Ownership
20.00 22.00 22.00 22.00 20.00
Management
control
15.00
19 13.70 Management
control
10.00 9.00 8.55 8.17 8.63
Skills
development
17.00
25
15.55 Employment
equity
15.00 11.09 11.10 10.13 10.60
Enterprise
and supplier
development
39.46
44 37.75 Skills
development
15.00 11.27 13.74 13.57 5.42
Socio-economic
development
5.00
5
3.90 Preferential
procurement
20.00 19.76 19.12 17.43 18.14
Enterprise
development
15.00 10.98 11.56 14.49 12.54
Socio-economic
development
5.00 5.00 5.00 5.00 5.00
101.46
118 95.90 Total
100.00 89.01 91.07 91.29 80.33
Level 2 BEE contributor
status
Level 2 Level 2 Level 2 Level 3
SOCIAL AND ETHICS COMMITTEE REPORT (continued)