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PDF 25 MB - Sun International | Investor Centre

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SUN INTERNATIONAL ANNUAL REPORT ’10<br />

74<br />

AT A GLANCE<br />

The SIEST gives all employees the opportunity to benefit<br />

when <strong>Sun</strong> <strong>International</strong> Limited and group companies declare<br />

dividends and ultimately when its share price performs well.<br />

Total distributions in the year were R17.4 million or R2 141<br />

per employee.<br />

We were ranked 30th in the Financial Mail’s survey of the<br />

top 200 JSE-listed companies most empowered company<br />

survey.<br />

We committed to enterprise development by allocating 1.5%<br />

of profit after tax to this vital contribution to B-BBEE and by<br />

the appointment of a dedicated enterprise development<br />

manager.<br />

The group continued to invest 1% of profit after tax in<br />

socio-economic development projects and through its<br />

commitment maintained a full-points score of 5% (refer<br />

section 10 for further detail).<br />

8. TRANSFORMATION<br />

We remain committed to the transformation of the South African economy through broad-based black economic empowerment<br />

as defined in the codes of good practice through ownership, management control, employment equity, skills development,<br />

preferential procurement, enterprise development and socio-economic development.<br />

WHAT WE ACHIEVED<br />

Total B-BBEE score of 72.3 resulting in a level 4 contributor, which was our stated target to achieve by this financial year.<br />

Category<br />

B-BBEE<br />

score<br />

target<br />

Ownership 20 21.4 21.7<br />

Management 10 2.6 2.4<br />

Employment equity 15 6.9 5.9<br />

Skills development 15 10.0 7.9<br />

Preferential procurement 20 11.4 11.3<br />

Enterprise development 15 15.0 15.0<br />

Socio-economic development 5 5.0 5.0<br />

Overall 100 72.3 69.2<br />

Sources: EmpowerDex and Financial Mail.<br />

Elsewhere in this report we refer to internally measured scores of various elements of the B-BBEE scorecard which may differ<br />

to the table above.<br />

2010<br />

score<br />

2009<br />

score<br />

As one of the largest leisure and gaming groups in southern<br />

Africa, we engage with 4 000 suppliers to provide us with<br />

various goods and services. Consolidated group preferential<br />

procurement score as at the end of June 2010 was 18.34 out<br />

of a maximum of 20 points. This is a significant improvement<br />

on the EmpowerDex score of 11.4. The profile is as follows:<br />

1 Qualifying Small Enterprises and Exempted Micro Enterprises

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