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AfroCentric INTEGRATED ANNUAL REPORT 2016
95
Governance and sustainability
Pharmacy Direct (Pty) Limited scores
Revised elements
Total score
2016
Total
available
points
(including
bonus points) Previous elements
Total
available
points
2015
Ownership
24.72
25 Ownership
20.00
21.00
Management control
17.35
19 Management control
10.00
10.00
Skills development
22.42
25 Employment equity
15.00
12.30
Enterprise and supplier
development
30.72
44 Skills development
15.00
12.00
Socio-economic development
5.00
5 Preferential procurement
20.00
11.58
Enterprise development
15.00
15.00
Socio-economic development
5.00
5.00
100.21
118 Total
100.00
86.88
Level 1
BEE contributor status
Level 2
The AfroCentric Group believes
that enterprise development requires
a medium to long-term commitment
to beneficiaries. While performance is
measured annually for statutory purposes,
many young businesses take more than a year to
become sustainable.
OWNERSHIP
The Group’s black shareholding at year-end was 52.41%,
with shares held by black females equating to 13.84%.
This contributed to the Group achieving 25 points for
this element in the B-BBEE scorecard out of a total of 25
available points.
MANAGEMENT CONTROL
The management control element of the scorecard measures
the composition of the Board of Directors and Group
Executive Committee, where 70% are black employees and
30% black females; and of top management, where 70% of
positions are held by black employees and 20% by black
females. This led to the Group achieving 13.70 out of the
available 19 points for this element.
SKILLS DEVELOPMENT
The Group is committed to investing in the skills and
training of its workforce as this improves the quality of
service delivered and results in a qualified workforce.
R23.25 million was invested in training black employees in
the last verification period.
Pharmacy Direct invested R3.9 million in Skills development
with a specific investment in learning programmes for black
employees with disabilities to the value of R150 000. This is
included in the Group’s skills development spend.
Learnership and internship programmes provided 135
unemployed youth with training and mentoring while
exposing them to the work environment, increasing their
level of employability.
Within Pharmacy Direct specifically, 50 black employees
of which 16 African Males and 20 African Females, were
previously unemployed and are currently participating in
learnerships.
Of these learnerships, 10 are disabled black employees.
In addition, a further 10 black employees have been
employed by Pharmacy Direct upon successful completion of
their learnerships in the current year. Most of the learnerships
will qualify the learners as pharmacist assistants.