Sustainability 2015

Social

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:: Highlights :: Challenges  
   
 
    • Employee Trust Vest - An effective 26% black ownership of South African operations, in line with the mining charter.
 
    • Maintenance of level 2 BBBEE rating against the new targets of the gazetted Revised Codes of Good Practice in 2014/2015
 
   
 
    • Over 26 million shares issued to employees under the PPC Masakhane Employee Share Trust
     
   
 
    • Over R36 million in dividends paid to employee share owners to date
     
   
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:: The PPC Team Benefit Trust (IT 1036/08)

 
 
  • Since launch PPC’s internal BBBEE1 staff trusts, some 2 900 existing staff beneficiaries have received over R36 million in dividends.
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  • PPC’s second employee scheme, the Masakhane Employee Share Trust confirms 2 149 staff beneficiaries have received R10, 2 million in dividends.
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  • Launched as part of our BBBEE2, the PPC Bafati Investment Trust seeks to develop standards of living and boost the wellbeing of those previously disadvantaged.
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::PPC Socio-Economic Development


PPC continues to address Socio-economic sustainability across South African communities and remains committed to engaging with municipalities and districts to identify development priorities.

2014 Social and labour plan (SLP) highlights include;

  • Effective implementation of SLP projects across 5 of the 10 mines currently in operation.
  • R9,9 million contributed towards the funding and implementation of socio-economic initiatives.
  • Following an investment of R2,2 million a combined 423 households in Limpopo, across Dwaalboom and Skierlik villages, now have a safe and sustainable drinking water supply.
  • R4,9 million in funding towards the construction of a 500-seater town hall in the Vaalboschsloot village now providing for a dignified space to hold community meetings, events, a secure location for grant payments and mobile clinic days.
  • As part of a 3 year committed project, benefiting a population of over 1 100, on-going upgrades to the Riebeeck Valley waste water treatment works in the western Cape continue.
   
     

:: PPC Enterprise Development and Preferential Procurement

Established in 2008, PPC Ntsika Fund (Pty) Limited (Ntsika) is an enterprise development fund geared to support black-owned enterprises. To date, the Ntsika board has invested R64 million in six black-owned businesses while at the same time providing mentorship and coaching programmes intended to support viable future ventures.

   

Annual -report

Annual -report

Annual -report