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10. EMPOWERING SUPPLIER STATUS

To assist firms to meet the Group BEE Standards as well as the requirements
of the Amended BEE Codes and be recognised as Empowering Suppliers
for procurement purposes, the Group has undertaken to assist all member
firms with complying with their employment equity and skills development
obligations. The Group works closely with specialist consultant firm,
Corporate Strategy Group Pty (Ltd) to assist all firms to implement a
technology tool at their firm through which they can better manage their
employment equity and skills development obligations. In this way the
Group assists firms to meet all applicable regulatory requirements relating
to employment equity and skills development, implement the correct R1 million was
internal structures and submit all appropriate reports to the Department
of Labour and the Safety and Security SETA (SASSETA). This aggressive invested by the
approach by the Group to assist more than 40 firms demonstrates the
active involvement of the Group in ensuring that all member firms are Group into the
fully BEE compliant.
Cadiz Enterprise

Development
11. ENTERPRISE DEVELOPMENT
Fund (CENT)

during 2015
Enterprise Development has become an important priority for organisations
to attend to in terms of their BEE scorecards. Group firms have responded
accordingly and have undertaken to support enterprise development
beneficiaries (black owned businesses or exempt micro enterprise
businesses) in 2015, with just over R2,2 million spent by Group firms on
enterprise development. Such support includes administrative support, loans,
donations, financial support, sponsorship of computers and more. Of the
total expenditure on enterprise development, an amount of R1 million was
invested by the Group into the Cadiz Enterprise Development Fund (CENT).
CENT is a specialised enterprise development fund that provides loan capital
at very attractive rates to black owned businesses, helping them grow and
sustain their businesses. For more information visit www.enterprisedev.co.za.

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