Business in South Africa has to absorb the ethos of transformation into its organisational DNA to ensure sustainability. Spur Corporation regards transformation as a journey that is less about meeting regulatory benchmarks and more about creating a company that is a true reflection of South Africa as a community. Our transformation strategy supports upliftment of historically disadvantaged individuals.
The group’s B-BBEE performance is anticipated to decline under the revised dti Codes of Good Practice, although at the date of reporting, verification had not yet been finalised. We remain committed to identifying ways to improve our B-BBEE performance over time and we will continue to seek opportunities to support initiatives that will improve transformation in our franchisee base.
Spur Corporation supports the principles of transformation and Broad-based Black Economic Empowerment (BBBEE). Progress is measured against the Department of Trade and Industry Codes of Good Practice (dti CoGP) in the following categories:
- Management control
- Employment equity
- Skills development
- Preferential procurement
- Enterprise development
- Socio-economic development