Sasol has been awarded the Black Management Forum’s (BMF) Progressive Company of the Year for 2012. The award is recognition for the company’s progress in transformation to date.
The award recognises significant progress made by companies in transformation across various criteria of diversity, such as gender, race and disability. As one of the largest companies in South Africa, Sasol has an internationally diverse board of directors, but is one of the most transformed and chaired by a black woman. Of the three executive directors, two are black women.
“We are humbled by this award as it is a recognition of our continued commitment to South Africa. It is in the spirit of transformation that we embrace our role as a responsible corporate citizen in fulfilling South Africa’s development agenda, socially, environmentally and economically,” said Nolitha Fakude, Executive Director, Sasol.
“Sasol has made great strides in effecting transformation,” said Mr. Nicholas Maweni, BMF Managing Director. “We are proud of their achievements so far.”
The BMF recognises companies that uphold its values of ubuntu, creativity, effectiveness, integrity and effectiveness, make progress in transformation, are socially responsible corporate citizens and are successful in their own operations as well are committed to South Africa.
Sasol’s total capital spend in South Africa has been R42 billion over the past three years, while an additional R40 billion will be invested in a pipeline of projects. The company is one of the largest corporate taxpayers, with R25 billion in direct and indirect taxes contributed in the last fiscal year.
Skills development is essential to building capacity and progressing transformation. The company invested R432 million on various skills development initiatives of black employees.