SPUR CORP. LIMITED INTEGRATED REPORT 2014

Strategy, risks and key performance indicators (“KPIs”)

Community support

The Spur Foundation was established on Mandela Day, 2012 to manage and coordinate the group’s corporate social investment (“CSI”) initiatives. The Foundation was funded with a R670 000 donation from the Spur group. The value of the donation resonates with the ’67 minutes’ theme of Mandela Day, and recognises the founding of the Spur family in 1967. In July 2014, the group announced the proposed donation of 500 000 treasury shares over a period of five years to the Spur Foundation. This donation, approved by shareholders on 3 October 2014, will provide annuity income to sustain the Spur Foundation’s ongoing charitable donations.

The activities of the Foundation align with our vision to make a positive and lasting difference in the lives of our communities and our core value of generosity. The Foundation aims to uplift and improve the lives of South Africa’s families, with a special emphasis on assisting children.

The Foundation supports initiatives that administer feeding schemes and provide basic necessities and amenities to assist children in impoverished communities. The activities of the Foundation are available through the Foundation’s social media campaigns on Facebook and Twitter (@SpurRestaurant).

Franchisees are encouraged to get involved in initiatives that support their surrounding communities, joining hands with the Spur Foundation to contribute towards the identified needs of selected charities in the major provinces. The group encourages employees to offer up their time in support of worthy causes and has a voluntary employee salary deduction scheme.

Spur Corporation also encourages families and children to improve their health while having fun and experiencing the Spur taste for life through supporting numerous community-focused events aimed at uplifting communities through sport. Funds raised from these events support feeding schemes.

Total CSI spend including voluntary employee salary deductions was R1 359 241 in 2014 (2013: R632 049), representing 1.0% of net profit after income tax, in line with our goal.

Goals for 2014 Achieved in 2014 Goals for 2015
CSI investment R1.355 million CSI investment R1.360 million CSI investment R1.952 million

Current beneficiaries of the spur Foundation

  More detail on these and the Foundation’s other beneficiaries is available on our website at www.spurcorporation.co.za.

 

 

  More detail on these and the other events the group supports is available on our website at www.spurcorporation.co.za.