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.

Quicklinks
   

 

overview

As a leading Group of companies that provide specialty products and services to customers mainly in the mining and manufacturing sectors, AECI is committed to making a positive contribution to the lives of individuals and communities in South Africa.

The focus is on how the Group relates to external stakeholders, the marketplace, government and society as a whole; how it measures and manages performance in matters relating to safety, health and environmental impacts; and how it meets its obligations to help all citizens become meaningful participants in the country's economy, in particular the advancement of its employees from previously disadvantaged groups.

Companies, like private citizens, have rights and responsibilities, with the generation of wealth being only one measure of success. Stakeholders expect businesses to act as social, economic and environmental forces for good.

AECI's performance and projects in this regard are overseen by the Corporate Citizenship Committee on behalf of the Board, in terms of clear guidelines as defined in this committee's terms of reference.