ONLINE ANNUAL REPORT 2010

SUSTAINABLE DEVELOPMENT BELIEFS

 
Primary school recipients of a Game container kitchen (2009)   Remarkable colouring pens made from recycled materials (2010)
 
Owl energy saver   Gardeners in a vegetable tunnel donated by Massmart Holdings (2009)
     

BROAD-BASED BLACK ECONOMIC EMPOWERMENT

Today’s South Africans are citizens of a young democracy and everyone deserves a dignified and prosperous life. We know that meeting this expectation is not only morally right, but also commercially prudent. We have therefore aligned our efforts to the Department of Trade and Industry’s B-BBEE Code of Good Practice to ensure that we contribute to a sustainable and equitable society.

HUMAN CAPITAL

Our employees are provided with the opportunity to earn competitive rewards and develop their talents in a very commercially orientated work environment where emphasis is placed on respect for individual rights. We have a demanding work ethic and our employees are cognisant of the level of performance required for their own and the Group’s continued success.

 
  Micro loan benefi ciary of Massmart WDB Rural Women’s Fund (2006)
   
Massmart graduate trainee (2009)   Energy saving compact fluorescent light bulb (CFL)   Beneficiaries in refurbished domestic science classroom (2010
         

CLIMATE CHANGE AND ENVIRONMENT

Massmart acknowledges that the climate is changing and that part of this change can be attributed to human activities. We recognise that our operations and the products we sell have the potential to contribute to climate change and that we have a responsibility to minimise our own impacts, to adapt to the risks of climate change upon our business and to provide consumers with responsible merchandise choices that limit their impacts.

CORPORATE SOCIAL INVESTMENT

There are commentators who believe that it is enough for business to pay taxes, and that social upliftment is a distraction from business that should be the responsibility of the state. We disagree! It is clear to us that it requires the combined resources and expertise of both the private and public sector to overcome the social impoverishment caused by South Africa’s apartheid legacy.

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