Employees
MultiChoice plays an important role in economic growth in Africa, contributing directly and indirectly to job creation. Some 5 000 jobs were created by us in the past 18 months in South Africa alone, with indirect employment representing 44% of the growth. Learnerships comprise 16% of direct employment, ensuring skills development in the informal sector. The major area of employment creation in the indirect market stems from additional staff in agencies, larger installer teams, content creation and facilities maintenance and upgrades. Employment equityNaspers values diversity in its workforce. The breakdown of the group’s annual employment equity reports, reflecting classifications to the South African Department of Labour, is shown below. |
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EMPLOYEE BENEFITS
Retirement benefits
Some countries in which we operate have statutory retirement benefit funding. In others, and where appropriate, the group provides retirement benefits for full-time employees, primarily as monthly contributions to defined-contribution pension and provident funds. The assets of these funds are generally held in separate trustee-administered funds.
Medical aid benefits
Medical aid membership is compulsory in most group operations, with the employer contributing a portion of the monthly premium.
Some group companies provide postretirement healthcare benefits. This entitlement is based on an employee remaining in service until retirement age and completing a minimum service period.
Equity ownership
To retain the skills on which our sustainability depends, most group companies grant share options/share appreciation rights to employees under a number of equity compensation plans.
EMPLOYEE RELATIONS
The group complies with labour legislation in its areas of operation. In South Africa, MultiChoice and Media24 submit statutory reports.
The risk of child labour and forced or compulsory labour is low in the group. Where children are used in local productions, strict compliance to their regulated conditions of employment is enforced.
