As a responsible corporate citizen, Safari recognises that integrating transformation into our business practice and organisation is crucial for the sustainability of the company and South Africa. We believe that BBBEE is a component of the broader transformation necessary for South Africa, and that the Property Transformation Charter supports this aim.
The company is committed to the principles of transformation and the social and ethics committee is responsible for monitoring progress in complying with the BBBEE scorecard. Progress is monitored through a base-line summary of the application of BBBEE principles and audited annually based on our March financial year cycle. Empowerlogic has been appointed as the accreditation agent. When issued with the scorecard, the certificate will be published on the Safari website and be lodged with the relevant authorities.
Safari traditionally holds investments in under developed areas of South Africa and supports the upliftment of those areas. The development of small businesses is essential to the development of South Africa. During the construction phase of new developments, opportunities are created for smaller black-owned entities to participate in this phase, thereby gaining a better knowledge and hands-on experience in this sector of the market. A further framework for the improving of skills of black persons happens with the completion of the construction phase. The involvement of local BBBEE suppliers in the management of completed centres is encouraged by the Safari board. Several maintenance and service contracts with local black suppliers have been entered into.
The social needs of the communities surrounding our centres give several opportunities for Safari to get involved in the social development of the people. Our communities are of utmost importance as their growth and stability underpins our business’s own stability and sustainability.
Part of Safari's vision for the future in a social context is to assist in the education and training of the youth of our communities, thereby empowering the youth to become socially responsible citizens themselves with long-term access to the economy. The board is currently looking at several structures and initiatives to achieve this vision. This is critical if Safari wants to create an enduring platform to maintain a sustained presence in our communities.