|
||||||||||||||||||||||||||||||||||||
AT A GLANCE |
||||||||||||||||||||||||||||||||||||
| Our Business Partners are defined as equity partners, suppliers, concessionaires and the communities in which we operate. All are fundamental to our sustainable success and contribute in different ways. Our business partner framework deliberately provides strong B-BBEE opportunities. The communities in which we operate benefit from our Social Investment and Enterprise Development spend. 1% of profit after tax is committed to Social Investment and 2.25% to Enterprise Development. In the year under review, our total Corporate Social Investment spend was R18.3 million. Numerous projects were completed over the course of the year, directed by the specific needs of communities in which we operate. |
||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||
Equity partners |
||||||||||||||||||||||||||||||||||||
| Our equity partners are an integral part of Sun International’s success. They contribute skills, insight and creativity and allow the company to spread the benefits of its success to a wide-ranging group of stakeholders. They are highly valued partners in our business and in our future. Refer to the review of the Group's transformation strategy and direction for the BEE ownership of the Group and its South African subsidiaries. |
||||||||||||||||||||||||||||||||||||
Other equity partners in various Group subsidiaries are: |
||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||
Suppliers |
||||||||||||||||||||||||||||||||||||
| Suppliers play a critical role in the success of Sun International and they constitute not only a family of service providers and external experts, but also investors in our business and its future. They provide the Group with a wide range of services in disciplines as varied as IT and human resources to landscaping and food and beverages. They co-operate closely with us on issues ranging from B-BBEE to standards improvement and cost control. Many of them have been supplying Sun International for well over a decade and partner with us on continuous improvement, constant innovation and value added services. Our Group Code of Ethics commits management and employees to the highest ethical standards of conduct and the code articulates the Group’s commitment to its stakeholders, including our suppliers. |
||||||||||||||||||||||||||||||||||||
Concessionaires |
||||||||||||||||||||||||||||||||||||
| Our concessionaires are close partners with us in all our properties and provide focused goods and services to our guests at the very highest standards of excellence. Given the symbiotic relationship they have with the Group and the fact that their brands work closely alongside our brand, they work with us on customer standards, service delivery and exceeding customer expectations. Many of our concessionaires have concessions in several of the Group’s properties and have become part of the customer experience and expectation. The Group’s B-BBEE scorecard is affected by their ability to deliver real empowerment and in this many of our concessionaires – both older and emerging – have been particularly successful. |
||||||||||||||||||||||||||||||||||||
Communities |
||||||||||||||||||||||||||||||||||||
| Sun International is committed to good corporate citizenship, responsible
leadership and the responsible management of our obligations to and
impact on all sectors of society. Our aim is to have a positive impact on
society, while minimising environmental risks and making a sustainable
contribution to the economy and society. Our projects are managed both centrally and by unit, with our properties focusing on the immediate communities in the areas of their operations. Contributions are focused on a number of projects within the areas of Health and Welfare, Education and Community Development. In Health and Welfare, projects such as Reach for a Dream, the Tapologo AIDS Hospice and Emmanuel’s Haven receive substantial assistance from Sun International and provide care for children in distress or in need. In Education, secondary schools, bursary funds and the Study Trust receive financial aid from the company in areas from the Ekukhanyeni Primary School in Gauteng to the Clayhaven Primary School in KwaZulu-Natal. The company is one of the major sponsors of the South African paralympic team that will compete in London in 2012. Sun International is also a founding member of the Arts and Culture Trust which has supported more than 500 projects throughout the country. As reported in the 2010 annual report a judgement was handed down in March 2010 by the Land Claims Court which ordered that the land on which the Fish River Sun complex is located be restored to the Mazizini community. Another community, with competing claims to the Mazizini community in respect of the land occupied by the Fish River Sun, has brought an application in the Supreme Court of Appeal (SCA) in which it is seeking an order for the rescission of the Land Claims Court’s earlier judgment in favour of Mazizini. Indications are that the SCA may very well grant the rescission order and refer the matter back to the Land Claims Court to be dealt with afresh. Under the circumstances Emfuleni has pended the appeal it lodged in the SCA and is not opposing the new community’s request for rescission. Instead, Emfuleni will request the SCA to give directions to expedite the disposal of the land claim and to grant an order to recover its wasted costs in the earlier Land Claims Court proceedings. Communities also share in our success through ownership of shares, such as with GPI, which has many thousands of investors who placed their faith in the company from the first day. The Wild Coast Sun and the Minister of Rural Development and Land Reform have filed answering affidavits in the application brought by the Mngungundlovu community for restitution of the land occupied by the Wild Coast Sun under a long term notarial lease; alternatively, for the expropriation of those leasehold rights. The Wild Coast Sun requests the Land Claims Court to order, instead, transfer of ownership of the land from the State to the community; alternatively, if the expropriation order is granted, payment of compensation of R1.4 billion to the Wild Coast Sun. The Minister supports restoration to the community through a transparent process led by the Department of Rural Development and Land Reform. |
||||||||||||||||||||||||||||||||||||
Social responsibility |
||||||||||||||||||||||||||||||||||||
| Socio-economic contribution | ||||||||||||||||||||||||||||||||||||
| 1% of profit after tax is committed to Social Investment and 2.25% to Enterprise Development. In the year under review, our total Corporate Social Investment spend was R18.3 million. This was a decrease from the R20 million spent last year, in line with the Group decision to channel more money into Enterprise Development. The Sun International Social Community Development Trust was established to ensure that all projects were aligned with specific criteria. The company has identified five focus areas for SED: Health and Welfare; Education; Community Development; Sports; Arts and Culture; and “Other”. Sun International has also entered into appropriate, public/private partnerships to ensure the sustainability of certain projects. |
||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||
| Community Development spend increased by 74.7% as compared with the previous financial year. Sun International business units operate across various regions, and many of the community development projects are sparked by specific local needs. Education spend increased by 24.4% compared to 2010. This was driven by the dire need for schools and skills – the shortage of which has been driven by poor economic conditions. Many parents cannot afford to pay for school fees or further education, leading Sun International to become involved in the Study Trust. |
||||||||||||||||||||||||||||||||||||
 |
||||||||||||||||||||||||||||||||||||
| The overall Health and Welfare contribution was reduced by 41.3% compared to the previous financial year. This was largely owing to the increased attention given to Community Development and Education. Some of our flagship projects are included below to demonstrate the type of initiatives that Sun International was involved in. This list illustrates only rather than a comprehensive view of projects we are committed to. |
||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||