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CORPORATE
CITIZENSHIP
MANAGEMENT WAS ASKED TO FOCUS ON APPLYING "COST LEADERSHIP PRINCIPLES" ACROSS THE BUSINESS. IT WAS NECESSARY TO RESTRUCTURE SOME AREAS OF THE GROUP'S BUSINESS AND, REGRETTABLY, THIS RESULTED IN SOME RETRENCHMENTS ALTHOUGH STAFF WERE REDEPLOYED INTO OTHER AREAS WHEREVER POSSIBLE. R51 MILLION WAS SPENT ON RESTRUCTURING IN THE YEAR. |
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Looking to the futureKing III, which comes into effect in 2010, calls for the sustainability aspects of a company's annual report to be independently assured. Accordingly, KPMG Inc. was appointed to conduct an assessment of the completeness and verifiability of the data underlying the SHE section of this report, to enable management to prepare adequately for this requirement. It is intended that this assurance will be in place for the 2010 report, so that an independent assurance provider will be able to provide assurance over both the accuracy and the completeness of the report. The AECI Group continues to face a number of challenges in the corporate citizenship arena. Nonetheless, it has been pleasing to be able to report that the improved SHE performance of 2008 continued through 2009. The Group is committed to sustaining this trajectory in 2010. * Trademark Gary Cundill Group manager: technology and SHEQ 30 March 2010
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