The group fully supports the final BBBEE Codes of Good Practice and has adopted a strategy that is aligned to ensuring compliance with these codes.
The transformation committee is tasked to formulate, monitor and review all aspects of the group’s BBBEE policies, as more specifically defined in our transformation committee charter.
Subcommittees for each of the seven elements of the generic scorecard have been established; they meet quarterly and report directly to the transformation committee.
With the promulgation of the final codes, scorecard targets are currently being revised.
In the Financial Mail/EmpowerDEX Top Empowerment listed companies survey, the group ranked 1st, 3rd and 2nd in 2005, 2006 and 2007 respectively within the retail sector.
The EmpowerDEX rating undertaken in 2005 established the group as a level 6 contributor.
The transformation committee has set an overall target of being a level 4 contributor by 2010, together with goals for each of the seven elements of BBBEE.
