Integrated Report 2021

Key features of our performance in FY2021

key features
 

Performance against strategy

key features

 
  • Completed sale of Motor Retail
 
  • Logistics disposal in progress
 
  • Acquisition of Consumer Industries' asset Ingrain, and Equipment Mongolia which have contributed to growth
 


Strategy addresses portfolio simplification

 

key features

 
   
  • EBITDA from continuing operations up 54.2%
 
  • Significant increase in group HEPS to 1 195cps
 
  • Business resilience protected from Covid-19 lockdowns by swift implementation of austerity measures
 
  • 22.5% growth in revenue from continuing operations, mainly driven by acquisitive growth
 
 


Operating profit up 119%

 
 

Our ESG performance

ISS 1 ratings achieved for our Environmental Quality Score and our Social Quality Score

key features

 
  • An MSCI A rating
  • Constituent of the FTSE4Good Index
  • Renewable energy (peak installed) of 1 205KW
  • New efficiency improvement targets set for the next five years
  • Voluntary participants in the CDP Climate Change and Water Security disclosures
    • C achieved for our CDP Climate Change disclosure
    • B achieved for our voluntary participation in the CDP water disclosure
  • While high environmental impact of Ingrain has substantially increased our carbon footprint, it has efficiency measures in place, including five-year efficiency targets for both energy and water use
  • The non-renewable energy intensity of our operations (including Ingrain) was 93.71GJ/Rm revenue (FY2020: 11.18GJ/Rm revenue
 

key features

 
   
  • An average of R41.2 million invested per employee in training and development
  • Overall winner of Women Empowerment in the Workplace – our Financial Director is a woman and so are two of our business unit CEOs
  • 68% of our management team is black
  • >40% of our employees are vaccinated
  • Our group LTIFR for the year under review is 0.36 (FY2020: 0.38)
  • Our Siyakhula ESG programme contributed to wealth building for the 111 beneficiaries of the programme, of which 39% are black female-owned and 93% are EMEs
  • 50% of our CSI spend in FY2021 was on health and welfare initiatives including addressing food security
  • 19 social entrepreneur cohorts benefited from our Mbewu economic sustainability and transformation program
 
 

key features

 
   
  • Our board is chaired by a woman who is an independent non-executive director
  • 80% of our board members our independent non-executive directors
  • 60% of our board members are black South Africans and 70% of our board members are African
  • During the year under review the changes we made to the board subcommittees included disbanding the sustainability and risk committee and integrating risk monitoring and oversight into the audit and risk committee, while the social, ethics and transformation committee continues to monitor social, sustainability and transformation matters (the terms of reference of these committees are available on our website)