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Performance
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B-BBEE in review
We recognise that
sustainable transformation
is at the heart of our
B-BBEE status, and apply
a “beyond compliance”
perspective when
addressing our
B-BBEE status.
Based on the new ICT sector
codes which have more stringent
requirements we are a Level
6 contributor. Transformation
and sustainability remain key
components to our overall business
and we have initiated strategies and
programmes to improve our status.
Skills development
Skills development continues to be a significant focus area.
The following initiatives contribute to skills development:
> FLDP
> leadership Accelerated Development Programme, a new programme
aimed at supporting talent development at senior management levels
> training and development of employees (refer to page 80)
> the digitally focused career and leadership programme will be
launched in FY2018
> internships and learnerships for employed and unemployed black
youth (refer to page 79)
> partnerships with institutions such as WTC to address the IT and
digital skills gap of youth and create a future talent pipeline
(refer to page 79)
> BYM programme aimed at disruptive recruitment and talent
development (refer to page 78)
Social and relationship
capital
– continued
Enterprise and supplier development (ESD)
Telkom’s ESD programme, FutureMakers, demonstrates our commitment
to SME development. Launched in May 2015, the initiative is aimed at
enhancing market access opportunities, driving ICT innovation, and
fostering inclusive participation of majority black-owned ICT businesses in
Telkom’s supply and value chain.
The primary objective of the programme is to enable the development and
growth of qualifying black-owned businesses in the ICT sector by providing
financial and non-financial support. In turn, these businesses will drive
job creation.
R234 million has been invested into the fund since inception on 7 May 2015.
During the year, FutureMakers invested R106 million (FY2016: R128 million) in
SMME development. Of this, R50 million was set aside to provide corporate
and micro-financing support, and R63 million was approved for debt or
equity financing, benefiting 11 black-owned small businesses. More than
39Telkom suppliers accessed working capital. These funded businesses
created more than 1 102 new jobs. In addition, R40.4 million was invested
in providing non-financial support such as connectivity, office space,
mentorship, training, and business management systems.
R234 million has been
invested into the fund
since inception on
7 May 2015.
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