Page 20 - Transformation Report 2023

Socio-Economic Development 18

Member firms spent R2.5 million in 2022 and R2.1 million in 2023 respectively on
socio-economic development initiatives of which the beneficiaries had to be more than 80%
black persons.

R2.5 R2.1

million million

Expenditure in 2022
Expenditure in 2023

Caring for Our Communities

Member firms support the Group Value of Caring and have demonstrated this value with
respect to the communities they serve through various community projects and initiatives during
2022 and 2023. Collectively over this period member firms have spent nearly R3 million in
corporate social responsibility projects in their communities where the beneficiaries were not
only black persons.

R 3

million

Corporate Social

Responsibility Projects

GROUP