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BBBEE status and empowered ownership


:: BBBEE status

PPC is currently a BBBEE level 3 contributor under the codes of good practice (2007 codes revised December 2016). This was an improvement of one level from the prior verification result.

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:: Empowered ownership

PPC's BBBEE ownership, after prior transactions, is currently low due to dilution from the 2016 rights issue and unwinding of the 2008 BEE transaction in December 2016, as noted in the 2017 report.

This is being addressed via a new BEE transaction. The terms of this transaction were announced in March 2018 and we are currently implementing it.

For verification purposes, PPC has included empowered ownership held via mandated investments(1). When this form of ownership is included, together with shares held via BEE transactions, PPC Limited has BBBEE voting rights of 25,62% and economic rights of 17,27%.

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:: Other BEE scorecard elements

For further information on other scorecard elements, and PPC's programmes and progress to transform in these areas, please refer to sections in the supplementary information

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:: Social and labour plans (South Africa)

Social and labour plans (SLPs) embody PPC's commitment to community development across several aspects:

    • Mine community development
    • Local economic development (LED)
    • Human resource development
    • Employment equity plan
    • Housing and living conditions
    • Process of managing downscaling and retrenchment (if any)
    • Percentage of operations with implemented local community engagement, impact assessments and development programmes 27% (R3,2 million)
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:: Our approach to SLPs

Our aspiration is "we help people experience a better quality of life". We therefore focus on projects that straddle societal spheres, including: education, health, job creation, business development and youth development.

Mine community development encompasses the infrastructure and poverty-eradication projects our mine would undertake in line with the municipal integrated development plan (IDP) for the area, and other relevant frameworks under which the mine operates, as well as major labour-sending areas.

PPC has completed a number of its obligations under the second round of SLPs that ends in September 2018. These projects were carefully selected in collaboration with affected communities in municipalities and regions where PPC mines. The key for project selection is the impact created directly and/or indirectly by our activity in relation to the SLP. Click here to find out more

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:: Opening of the Porterville POP centre

 Opening of the Porterville POP centre

From left: General manager De Hoek, Johan Voster; DMR social and labour plan directorate, Nwabisa Mgcotyelwa; DMR minister, Gwede Mantashe; PPC MD SA cement and materials, Njombo Lekula; PPC group manager stakeholder relations, Constance Netshifhefhe; DMR, Nhlapo Tsolo