Transformation

 

 

 

Transformation is a strategic imperative for Naspers to ensure we comply with local legislation and that our workforces reflect local demographics. Across the group, there are various initiatives to develop appropriate skills and responsible procurement practices.

Eight years ago Media24 established a transformation forum to monitor elements of the South African black economic empowerment scorecard. The forum includes senior management from each business unit.

In recent years Media24 has made progress with its transformation aims. These are monitored against a scorecard for the Department of Trade and Industry’s code of good practice for broad-based black economic empowerment (BBBEE). Media24 retained its level 4 status on its BEE scorecard with a recognition level of 125% by virtue of it being rated as a value-added supplier.

MultiChoice maintained its status as a level 4 contributor, further investing in employment equity, skills development and preferential procurement. After its successful empowerment transaction in 2006, when 120 000 new shareholders were introduced, the group has maximum points in shareholding on the scorecard. MultiChoice also scores well on employment equity (75%) and preferential procurement (87%).