Community Social Investment
Seed of Hope
As part of our commitment to social economic development, the Company contributes to the “Seed of Hope”, in Kwadukuza, on the KwaZulu Natal North Coast. We a long standing relationship with the organisation and the community in which weoperate. In an effort to reduce poverty and unemployment, our donations have assisted the community with education, feeding schemes, and establishing and sustaining vegetable gardens.
We grant loans to an organisation involved in procuring funds for the set-up of black owned businesses and other related enterprise development requirements, through the Company’s Enterprise Development initiative programme. The selected beneficiary is assisted by Starlite, to grow the business financially and achieve operational independence.
Corporate Social Investment
Broad Based Black Economic Empowerment (BBBEE) is an integral driver of economic and social transformation in South Africa. Within the context of the Government’s BBBEE Strategy, and as part of our corporate governance commitment, the we fully support the implementation and sustainability of BBBEE in the group.
Our current BBBEE Strategy is focussed on aligning with the recent amendments to the Codes of Good BBBEE Practice. We are working closely with various external stakeholders to ensure that the requirements of the revised codes are addressed and compliance is achieved to the best of the organisation’s resources and ability.