Transformation and B-BBEE

In evidence of its ongoing commitment to transformation and B-BBEE, the Group is particularly pleased at having been awarded a Level 1 B-BBEE contributor status for its 2022 verification (2021: Level 3 B-BBEE contributor status). The exceptional improvement in contributor level was due to the Group’s successful execution of well-defined strategic objectives and its overall commitment to tangible improvements across the measured elements and specifically: Management Control, Skills Development and Enterprise and Supplier Development.

In 2022, SAC contributed a further R1.6 million worth of bursaries to 623 scholars at CityKidz Pre- and Primary School, an Afhco initiative. The bursaries contributed to the settlement of outstanding school fees, special award bursaries for deserving children recognising achievement in academics and diligence and a contribution toward costs for books and stationery for 2023. SAC and Afhco value the ongoing relationship with CityKidz and its goal to improve educational facilities for Johannesburg inner city children, being beneficial to many of its tenants in the same inner city residential properties.

 

2022-2023 B-BBEE certification (SA Corporate Real Estate Limited) Download
B-BBEE Commission Compliance Report Download

 

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