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Strategy

Strategy

A responsive strategy

The clarified strategy seeks to robustly and proactively respond to the material issues facing the Group in the short, medium and long term. The following table demonstrates the responsiveness of the strategy to the material issues identified as well as the operations to which the initiatives are most pertinent: 

Material issue   Recovery and stabilisation   Optimise activities and future growth   Focus areas for   Dealt with in  
Management of working capital and liquidity  
  • Performance management
  • Cash management
  • Cost management
Project delivery models and execution capabilities   Group as a whole   Financial director’s review  
Quality of execution of projects  
  • Performance management
  • Skills development
  • Culture management
Project delivery models and execution capabilities  
  • Construction and Engineering
  • Mining
  • Chief executive officer’s review
  • Construction and engineering and Mining operational reports
Macro-economic environment  
  • Risk management
  • Strategy execution
  • Cost management
  • Geographic and sector reviews
  • Africa strategy
Group as a whole  
  • Chairman’s statement
  • Chief executive officer’s review
Securing quality work  
  • Portfolio revision
  • Risk management
  • Strategy execution
  • Geographic and sector reviews
  • Africa strategy
  • Construction and Engineering
  • Mining
  • Chief executive officer’s review
  • Construction and Engineering and Mining operational reports
Transformation in South Africa  
  • Skills development
  • Attract HDI professionals
  • Enabling culture
  • Enactment of clear plans
South African operations  
  • Chairman’s statement
  • Chief executive officer’s review
Labour instability and costs  
  • Employee engagement
  • Effective communication
  • People
  • Relationship management
South African operations  
  • Chairman’s statement
  • Chief executive officer’s review
  • Financial director’s review
  • Construction and Engineering – Aveng Grinaker-LTA; Mining and Manufacturing and Processing operating segment reports
Stakeholder relationships and ethical business practices  
  • Communication
  • Culture management
  • Brand positioning
Relationship management   Group as a whole  
  • Chairman’s statement
  • Chief executive officer’s review
  • Stakeholder engagement
Strategic initiatives and progress made in the current year have been dealt with in the reviews of the chief executive officer and group financial director as well as the operating segment reviews.