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 4 contributor). SACD Freight has been rated as a Level 3 contributor (“AA”) by Empowerdex, an accredited independent rating agency. SACD has also been classified as a “value added supplier” – this allows our customers to claim 137.5% of all spend with us 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. Bidvest achieved a score of 21.94, which includes:-

• 28.43% voting rights of black people
• 18.83% voting rights of black women

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%
	Black female representation	13%
	Senior Management*	31%
	Middle Management*	52%
	Junior Management*	51%
	* 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. (over 85% of all 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 (For the year ended June 2010, SACD contracted with 30 black learners of which 18 were female).

Preferential Procurement

SACD have a preferential procurement policy in place such that BEE companies receive preference where service and other requirements are equal. Total BEE procurement as a percentage of total measured procurement spend amounts to 68.37%.

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 maximum score of 15 (out of 15).

Socio Economic Development

Socio economic initiatives are varied and includes monthly contributions to 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 and Container Ministries. SACD also provide bursaries to the children of employee's for tertiary qualifications.

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.

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