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Transformation

Summary scorecard

 

Vodacom SA is independently verified as a Level 4 contributor according to the BBBEE Codes, with a score of 70.84, a slight improvement on last year.

 

   

Weighting

Score

   

Element

 

%

2011

2010

2009

   

Equity Ownership

20.00

5.30

6.13

6.19

The points we earn in this element relate to our R7.5 billion BBBEE deal completed in October 2008. Our score dropped from last year, mainly due to the funding structure in the scheme.

Management Control

 

10.00

7.94

6.56

6.94

 

Our efforts here have paid off, improving from last year. This was mainly due to restructuring the Vodacom SA Board, increasing black representation and improving governance.

Employment Equity

15.00

10.26

10.16

9.53

Our score was disappointing, showing little improvement from last year and falling short of our internal target. Although more than 80% of all appointments in 2011 were black employees, our challenge is retaining employees from designated groups. We have comprehensive plans in place to improve race and gender representation.

Skills Development

 

15.00

11.38

12.00

12.00

 

The drop in this score was because we failed to spend a minimum of 50% on training black women.

Preferential Procurement

20.00

15.96

14.72

13.69

We’re proud of our performance here. We doubled our internal target, spending R12.5 billion out of a total of R16.1 billion on procurement from BBBEE accredited suppliers. We spent R985 million with qualifying small and exempt micro-enterprises, R456 million with 51% black-owned businesses and R209 million with 30% black women-owned businesses.

Enterprise Development

 

15.00

15.00

15.00

15.00

 

We scored maximum points on this element mainly due to the support we provide to our community services operators and BEE-owned franchises.

Socioeconomic Development

5.00

5.00

5.00

5.00

Our socioeconomic development contributions, including our contributions to the universal services fund, currently amounting to R413 million, earned us full points for this element of the scorecard.

   

100.00

70.84

69.56

68.35

   

 

 

 

 

 

 

 

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