The Supervisory Board recognises the critical role it has to play in the transformation process in South Africa. The Supervisory Board’s Social and Ethics Committee, through its governance and oversight role, ensures that an appropriate transformation strategy exists that is aligned with the Broad-Based Black Economic Empowerment Act (B-BBEE) and the associated codes of good practice.

The role of the committee is to achieve sustainable empowerment and it has an ongoing responsibility to govern and oversee all aspects of the Group’s B-BBEE strategy and implementation.

Our B-BBEE performance

For the financial year end 31 March 2024, the commitment of the Group to transformation yielded a B-BBEE verification score of 80.47 out of 120 points.

This score coupled with the Group’s successful participation in the YES Initiative, meant that the outcome achieved was a B-BBEE Level 2. The Empowering Supplier status in terms of the dti’s B-BBEE scorecard was also achieved.

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