Detailed Report - Nedbank Group Limited

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Table5a:ProvincialProcurementprovincialachievementsProvinceSpendfrom Spendfrom Spendfrom Spendfromallsuppliers QSE¹orEME² 50%blackowned30%blackwomenownedEasternCape 79.95% 45.42% 18.87% 2.39%FreeState 70.27% 37.58% 14.68% 4.57%Gauteng 102.21% 32.34% 9.72% 4.05%KwaZuluNatal 93.75% 34.56% 14.02% 9.13%Limpopo 70.91% 48.47% 5.64% 4.51%Mpumalanga 68.55% 25.74% 23.45% 9.15%NorthernCape 98.16% 6.81% 0.79% 2.07%NorthWest 76.37% 39.60% 10.59% 5.59%WesternCape 72.42% 26.40% 18.77% 9.03%Note:Challenges¹MeansQualifyingSmallEntitywithaturnoverofbetweenR5andR35million.²MeansanentitywithanannualturnoveroflessthanR5(five)million.a) BlackWomenOwnedSuppliers(BWO)TheaboveissueispartofanindustryandnationwideoneduetoalackoflargeBWOsuppliersintheeconomy,partofwhichishistorical.TheotherpartisthatthefewBWOcompaniesthatarestartingtoemergearenotnecessarilyinoursupplychain.Butwearecontinuouslyworkingatembracingthefewthatareavailable,helpestablishnewones,andincreasingspendwiththoseonourbooks,asalreadyindicated.b) Landlords&BondOriginatorsThereluctanceofsomethebiglandlordstocomplywithBBBEEposesaconcerntoourBEEspendtargetsaswespendasubstantialamountofourtotalspendtowardspropertyrentals.Aswiththelandlords,thebigbondoriginatorshavealsoshownsomeresistancetowardsbecomingBEEcompliant.Thecombinedtotalspendonthesetwocategoriesofsuppliersisclosetoonefifthofabillionrandsayear.However,thegroupcontinuestoapplypressureandtoconsideraltenatives.NedbankGroupTransformationReport2011–FinalDraft.29
6.EnterpriseDevelopmentEnterpriseDevelopmentisafundamentalpillarintheeffortstocreateemploymentopportunitiesintheSouthAfricaneconomyandtogrowourownclientbase.Thebarrierstoentryforbusinesssuccessarelegionandincludeanarrayofaspectssuchasaccesstofinance,educationoftheentrepreneursandthelevelofgeneralbusinessacumen.Nedbank’sapproachismultifacetedandincludesamixoffunding,transactionalandsupportproductsandservicesthatprovideflexibilityandadaptabilityacrossallindustries.Thisallowsfortheconfigurationofuniquesolutions,inlinewiththediverseneedsofentrepreneursandbusinesses.Regionalteams,withspecialistandexpertsupportsuchasthenationalagricultureteam,continuetodrivethebusinessimperativeoftransformingourclientbaseandsupportingemergingbusinesses.Someofthekeyactivitiesincludenetworkingandlobbyinggovernment,organisedagriculture,agribusinesses,keyindividualsandpursuingprivate/publicsectorpartnershipswiththeobjectiveofprovidinganenablingenvironmentthatiseasytodobusiness.InfurthersupportofenterprisedevelopmentNedbankalsoofferbusinessseminarsthroughourretailarmwhicharespecificallydesignedtofocusonsmallbusinessownersinthestartupphaseofbusinessnamelybusinessyoungerthan2years.Thesearehostedtwiceperannuminmajormetropolitanareasaswellasotheroutlyingareas.Theyareopentoanysmallbusinessownerwantingtoattendtheobjectiveistoaddvalueandgrowthesuccessofbusinessownersspecificallyinthestartupphase.Topicsareverypracticalrangingfromcashflowandfinancetomarketingandsalesandthesearepresentedbyexpertsintheirfields.Wewereinour7thyearofrunningthesesuccessfulseminarsduring2011.2011PerformanceTable6:EnterpriseDevelopmentscorecardCategoryPossiblepoints2011verified2010verified2009verifiedAverageannualvalueofallEnterpriseDevelopment15 15.00 15.00 15.00ContributionsasapercentageofnetprofitaftertaxBBBEElevel 1 1 1NedbankdeliversEnterpriseDevelopmentthroughthesedistinctbusinessareaswhichincludeBusinessBanking,RetailSmallBusinessesServicesandProcurement.Nedbankassistedmanyqualifyingbusinessesacross2011.Significantsuccessesforwere:BusinessBankingLaundryCooperative–KwaZuluNatalThislaundrycooperativeconsistsof30membersandissituatedinruralKZN.ThecooperativeprovideslaundryservicestovariouscampsitesandlodgesinandaroundtheGiant’sCastlearea.Nedbankprovidedgrantassistancetothecooperativein2010andadditionalloanassistancein2011fortheprocurementofequipment.PoultryCooperative–KwaZuluNatalApoultrycooperativelocatedintheNuladistrict,KwaMavundlaTribalAuthorityPortShepstonewasassistedwithenterprisedevelopmentassistance.Thecooperativeconsistsofonemaleandninefemalemembers.TheNedbankGroupTransformationReport2011–FinalDraft.30
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Detailed Report - Nedbank Group Limited

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