Commitment to empowerment
Naspers supports the aim to incorporate previously
disadvantaged communities into South Africa’s mainstream
economy.
The Welkom Share Scheme, which was launched in 1999,
matured in the 2007 financial year with every R1 000 invested
yielding a return of R31 000. The total paid out to BEE (black
economic empowerment) participants was R235 million.
Media24 successfully concluded a broad-based BEE share
offer, Welkom Yizani, resulting in approximately 100 000
black people and groups owning an indirect interest in
Media24 Limited.
MultiChoice South Africa completed two successful
empowerment transactions, Phuthuma Nathi and Phuthuma
Nathi 2. These transactions were structured to be truly broad
based. Approximately 120 000 black people and groups now
own an indirect interest in MultiChoice South Africa Holdings
(Proprietary) Limited.
Staff participation and development
We recognise that diversity is essential for the sustainability
of our business.
Our subsidiaries employ a variety of participating
structures on issues that affect employees directly and
materially, which are designed to achieve good employer/
employee relations. This is facilitated through effective
sharing of relevant information, consultation and conflict
resolution. These structures embrace goals relating to
productivity, career security, identification with the group
and, where applicable, local legislative requirements.
The group focuses on employment equity targets in
its South African operations, including setting specific
employment targets, mentorships for previously
disadvantaged employees, integration of people with physical
disabilities, promotion of an environment free from
discrimination against women and preference in
procurement. Employment equity targets are integrated into
the South African operations’ business plans and
performance is measured. Specific training needs for
identified black successors are also actioned.
Succession plans for senior management positions are
regularly reviewed.
Serving our communities
The group plays an active role in the communities it serves.
We focus mainly on literacy and educational programmes
in Africa. |