Illovo Sugar Africa (Pty) Ltd announced that during the 2016/2017 financial year, the company’s total economic impact across its six countries of operation has been estimated at R23.8 billion, comprising R5.0 billion in direct impacts with the balance resulting from the multiplier effects of its business operations within the supply chain and wider country economies. This is a 29% increase in the company’s total contribution to African economies in a period of only four years and is revealed in a report undertaken by Corporate Citizenship, an independent, global management consultancy specialising in social impact assessment, sustainability and corporate responsibility.
Gavin Dalgleish, MD of Illovo Sugar Africa says, “As a business, we endeavour at all times to deliver on our shared value mandate, while actively supporting the governments’ social and economic development agendas. We are committed to the transformation of our business in Africa, but recognise that to keep ourselves focused and on track, we need an independent benchmark against which to measure our real contribution. The last report was completed in 2012/2013 and we have assessed our progress against this to ensure we identify gaps or areas of improvement early as well as take the time to celebrate achievements.”
“We identified critical areas such as job creation, land rights, local supply/value chain development, capacity building and skills transfer and environmental stewardship as key to our own success, and that of the local and national economy. We were very pleased to note that we have made solid progress in meeting our commitments and feel confident that our ongoing transformation strategy and shared value agenda will continue to deliver results,” concludes Dalgleish. – Press release