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Transformation and B-BBEE

The Group’s continued commitment to transformation and making a difference at grassroots level in South Africa is reflected in the B-BBEE contributor Level 3 achieved in the year-end 2020 B-BBEE measurement period. This improved rating was achieved through increased contributions in Skills Development and Enterprise and Supplier Development during 2020.

In 2021, SAC contributed a further R1.6 million worth of bursaries to 650 scholars at CityKidz Pre- and Primary School, an Afhco initiative, to settle outstanding school fees for the year and a contribution toward costs for books and stationery for 2022. 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.

 

Further, Enterprise Development contributions were made to qualifying tenants impacted by the ongoing effects of the Covid-19 pandemic as well as the July 2021 social unrest. SAC also launched The Seed Project, being a concept Small and medium-sized enterprises (“SME”) tenant incubation programme run as a competition, with the purpose to support and develop the winning small business with the best retail concept for the year.The year-end 2021 verification process  is currently in progress, and it is expected that SAC’s B-BBEE contributor Level 3 will be maintained. The Group’s strategic objectives in terms of transformation remain relevant and are continuously enhanced with particular efforts in respect of employment equity, skills development, supplier development, and enterprise development.

2021-2022 B-BBEE certification (SA Corporate Real Estate Limited) Download
B-BBEE Commission Compliance Report Download
Board Diversity Policy Download