Sasol Sustainability Report 2023 - Book - Page 38
INTRODUCTION
SUSTAINABILITY PERFORMANCE AGAINST OUR FOCUS AREAS
GROWING SHARED VALUE 3 SASOL IN SOCIETY
DATA AND ASSURANCE
ANNEXURES
GROWING SHARED VALUE // Sasol in Society // Economic inclusion
OUR COMMITMENT //
At Sasol, we acknowledge the socio-economic need to proactively develop, support
and contribute to the sustainability of small, medium and micro enterprises (SMMEs)
as well as firms owned by historically disadvantaged persons (HDPs), particularly in
the areas where we operate. We leverage our supply chain to advance this
transformation imperative, thereby ensuring the integration of SMMEs and HDPowned firms into the mainstream of our business.
OUR GROUP
APPROACH
We strive to deliver maximum shared value for our organisation and our stakeholders
that is built on robust, mutually beneficial relationships. This is achieved by supporting
smaller businesses, through funding and development interventions, enabling their
meaningful participation within our supply chain. Further, we drive localisation and economic
transformation of large enterprises in our supplier base to create more opportunities for the
integration of small businesses in our fenceline communities.
We recognise the socio-economic challenges faced by many, especially by women and the
youth, levels of unemployment in our fenceline communities and that entrepreneurship helps
to alleviate poverty.
OUR INTEGRATED DEVELOPMENT APPROACH IS CENTRED AROUND AN INCLUSIVE
ECONOMIC TRANSFORMATION IMPERATIVE
PERFORMANCE
Our objective is to foster local economic growth, innovation and sustainable job creation in our
communities. We aim to achieve this by creating an enabling environment through strategic initiatives
and target setting.
SUPPORT
INCLUDE
BUSINESS DEVELOPMENT SUPPORT IMPACT
R38.8 million Small to
Medium Enterprises (SME)
development spend
9 SMEs
demonstrated
revenue growth
Develop smaller enterprises
Embrace smaller enterprises
Drive empowerment within
the suppliers base
Find, connect and develop
new small suppliers
Include SMEs into supply
chain and grow
Scale and transform
4 Supplier Connect Events
5 market access event opportunities for SMEs such as Exhibitions
201 jobs created from interventions
38 SME training interventions
191 small businesses under development
FUNDING IMPACT
Grant Funding of R924 000
11 beneficiaries supported
Updated Interest rate saving
due to Siyakha9s lower interest rates
R23,7 million
Revenue growth as a result of
funding interventions 18%
TRANSFORM
Connect
Improvement on loan funding performance FY23
3 approved funding R98,5 million, up from R18 million in FY22
New entrants funded 13
Category
integration
Set aside in
procurement
categories
Transform
existing
suppliers
Transact
Scale
Create awareness
Siyakha loan book R619 million
Industrial new
suppliers
Develop
47 beneficiaries on the loan book
FY23 Temporary and permanent jobs
created from Siyakha funding interventions
859 jobs created
2050 jobs sustained
Preferential
contract
terms
SASOL SUSTAINABILITY REPORT 2023
37
Shared
infrastructure
Business
support
Market
access
Capability
building
Funding
Product/
service
delivery