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| Transformation |
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This year, our sustainable development report has consolidated the company’s input on transformation under a special section to enable shareholders and other interested parties to gain a more holistic view of the company’s commitment and performance.
BBBEE is a defined and managed focus area within the company and strategies are in place to give impetus to specific areas that have been identified. We constantly monitor our progress and benchmark ourselves against best practice both within the hospitality industry and more broadly within industry in South Africa generally.
The members of CASA decided in June 2006 to proceed with an industry survey which would eventually lead to standardised and verified certification in line with the prevailing Codes of Good Practice to effectively measure each casino in line with BBBEE.
The first stage of the process is now complete, which involved the identification of a benchmark of where each casino currently stands with regard to BBBEE. EmpowerDex, which was appointed to conduct this survey on a company specific basis for each CASA member company, is still in the process of this evaluation. The final report would incorporate five phases of Assessment, Information Solicitation, Analysis, Review and Reporting.
In February 2007, the latest Codes of Good Practice for BBBEE was enacted by Parliament. In June 2007, the Department of Trade and Industry then issued the Interpretive Guidelines for the codes to enable industry to apply the code consistently and within the spirit of its intent.
Given the amendments in the codes, and the degree to which some aspects have changed, it was a challenge to complete the exercise to at least get an indication of the BBBEE status within the individual casinos, although this is the first step in an ongoing process. This first feedback is a benchmark of where the industry stands and it is the agreed intention of CASA for each casino to achieve a level 5 status within the next 18 months. |
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| More in the 2008 annual report |
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