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CURRENT SOCIOECONOMIC DEVELOPMENT
PROJECTS
The projects are set in line with the allocated budget, the target
being the equivalent to 1% of net profit after tax (“NPAT”). A “hit
and run” approach is inappropriate for achieving long lasting
impact. In line with our belief towards the beneficiaries, we
select a few flagship projects that we channel a significant
portion of our budget to over a period of three to five years.
The key projects in the 2017 reporting period include:
• The Social Compact Fund
– In November 2012, we
became signatories to the fund, thereby committing to
contribute a significant portion of our SED budget to the
fund. The Social compact has been set up by Minister of
Health, to pool resources from companies working in the
health sector, and use these resources to give momentum to
some of the key objectives of the 10-point plan on Health.
The fund is expected to provide financial support to
Government to take in more medical students; support
postgraduate students pursuing health-related studies; build
additional capacity in the management of Tuberculosis (“TB”);
and provide support to the newly established Leadership and
Management academy for health.
• Charlotte Maxeke Johannesburg Hospital School
– The
school educates hospitalised children and teenagers in
grades R to 12. Although many of the children are undergoing
long-term treatment for terminal, chronic and life-threatening
illnesses, they are able to learn in a stimulating, cheerful
environment, giving them a welcome break from their medical
treatment and their confinement in hospital wards. AfroCentric
Health funded the complete refurbishment and equipping of
the hospital school and computer centre, and sponsored the
installation of a custom-designed playground, which provides
a safe environment for children with impaired immune
systems.
• Home of Hope for Girls
– The home provides real care for
exploited, trafficked and abused girls in Johannesburg. It
is more than just a residential shelter; it is a home where
dignity is restored, the past is healed and the girls are given
the tools to take control of their futures. Home of Hope for
Girls also reaches out to the community offering the most
vulnerable members support, practical help and a lifeline.
AfroCentric has funded towards the children’s educational
needs.
ENTERPRISE AND SUPPLIER DEVELOPMENT
COMMITTEE
This committee is responsible for the identification of suitably
qualifying projects that meet the requirement for enterprise and
supplier development recognition. The projects are identified,
approved, implemented and driven to completion by the
committee members. The committee further provides any
additional support, e.g. Business skills, business and/or training
equipment, cash investments, etc.
The Enterprise and Supplier Development (“ESD”) Committee
adopts the approach that a long-standing partnership between
the company and the beneficiary leads to a long-lasting impact
on the beneficiaries. This approach enables the measurement
of progress and growth of the beneficiary organisation.
INTEGRATED REPORT 2017
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