Black Economic Empowerment

SACD Freight is committed to Black Economic Empowerment, which we regard as both a national and business imperative.

We believe that Black Economic Empowerment plays a vital role in the transformation process by opening up opportunities to those individuals or entities that have been historically disadvantaged. Through our own Black Economic Empowerment practices, we at SACD aim to positively contribute to the growth and development of the country.

SACD Overview

SACD Freight is a wholly-owned subsidiary of the BidVest Group (Level 5 contributor). SACD Freight has been rated as a Level 4 contributor (“A”) by Empowerdex, an accredited independent rating agency. SACD has also been classified as a “value added supplier” – this implies that for every R1 spent with SACD, our customers can claim R1.25 as BEE spend.

BEE Scorecard

Ownership

As a 100% held subsidiary, SACD Freight's effective black ownership percentage is identical to and reflects that of its holding company, BidVest. This means that 26.7% of legal ownership of SACD is held by black people with 13.7% held by black females.

Management

At an executive board level, black representation is 28.57%, (adjusted for gender). 2 of the 7 directors are black, 1 of whom is female.

Employment Equity

Black representation as a percentage of:

	Total Workforce	86%
	Senior Management*	29%
	Middle Management*	27%
	Junior Management*	50%
	Black female representation	11%
	* adjusted for gender

Skills Development

Our objectives in this regard are to:

• Develop black people sufficiently so as to increase the number of blacks, including black women and black people with disabilities, at management, technical and specialist levels. (currently 80% of training spend is on black people).
• Use learnerships as a tool to introduce the industry to the black youth in an attempt to secure their services later in their careers (SACD have contracted with 11 black female learners).

Preferential Procurement

BEE procurement represents 53% of total purchases. SACD have a preferential procurement policy in place such that BEE companies receive preference where service and other requirements are equal.

Enterprise Development

SACD acknowledges that, due to a lack of funding, access to support infrastructure, and a shortage of management skills, black SME’s are often unable to fund and/or sustain their operations in the long term. Accordingly, it is our objective to support and encourage the development of enterprises with sufficient black ownership and/or contributor status by means of infrastructural and operational support.

Existing enterprise development schemes result in a score of 5.4 (out of 15).

Socio Economic Development

Socio economic initiatives are varied and includes monthly contributions an orphanage in Khayalitsha, a township in Cape Town, monthly contributions of cash and employees time to a soup kitchen in Tafelsig; as well as significant contributions to the Durban Community Chest.

Conclusion

Addressing the persisting economic disparities in South Africa requires a concerted and sustained effort by all stakeholders, particularly the broader business community. SACD is supportive of the government’s transformation initiatives and accordingly its business practices and policies encompass this ethos.

Visit our news section to ensure that you're up to date on the latest SACD Freight news.