Governance


Good corporate citizenship is critical to the success of any enterprise. At Sekunjalo, this belief forms the core of our business philosophy and practices. By being a responsible corporate citizen, we actively make a valuable contribution to the sustainable economic and social development of our society.

We believe that South Africa’s socially and economically divided history places an obligation upon businesses to actively contribute to the progress of South Africa – and this means not regarding development as being the sole responsibility of government and civil society. This obligation begins within the organisation, with regard to the business environment, in which each employee understands that their Division needs to make a meaningful contribution – not only to the company, but to the greater community as well.

The Group subscribes to a sustainable approach when it comes to doing business. We also take environmental considerations into account when making financial decisions, for example, our subsidiary, Premier Fishing, supports and upholds sustainable fishing practice to preserve the fishing resources in South Africa for future generations.

The transformation of the business environment is a goal that is correct from a moral and business perspective. Sekunjalo has been rooted in a transformational view of business since the first day it started doing business. The Codes of Good Practice provide a common framework for the business community; a benchmark against which business can measure themselves in the area of transformation and empowerment.

SKILLS DEVELOPMENT

The training and development of employees within the Group is an important strategic objective. It is also aligned with a strategic objective of the South African government, which has identified skills development as a top priority. The Skills Development Act has provided a useful framework and guidance for the further education and training of the Group’s employees.

Furthermore, the Group believes in creating a work environment that will allow its people to develop their potential and to benefit from being part of a progressive and dynamic organisation.

As an example, in 2006 Premier Fishing received a special award from the FoodBev Seta for excellence in supporting the National Skills Development Strategy through its extensive support of learnerships for workers and unemployed members of the community.

PROCUREMENT

The objective of B-BBEE procurement is to assist in the promotion of black businesses, with a specific focus on SMMEs. We try to ensure that these businesses have access to the Group’s extensive supply chain, and that procurement is consistent with governmental strategies on B-BBEE.