Anglo spends billions on transformation in SA

ANGLO American plc has spent billions of dollars on economic transformation in South Africa, it said yesterday at the release of its transformation report.

“The transformation report sets out some of the ways in which Anglo American embraces the challenges of change by contributing to South Africa’s long-term sustainable development,” said Philip Baum, chief executive officer of Anglo’s ferrous metals and industries unit. In 2007, seven empowerment deals valued at more than N$50 billion were successfully completed; BEE procurement and enterprise development spend rose by 41 per cent to N$17,3 billion; historically disadvantaged South Africans in management grew to 42 per cent and a milestone “zero tolerance safety policy” was implemented.Thirty-two people were killed at the company’s operations in South Africa, “although improvements are beginning to be seen,” the group said.Anglo spent N$2,3 billion on training employees in the last year.It was also the first corporate to offer free anti-retroviral therapy to all HIV-positive employees and achieved a 70 per cent voluntary counselling and testing participation rate in 2007.Nampa-SapaIn 2007, seven empowerment deals valued at more than N$50 billion were successfully completed; BEE procurement and enterprise development spend rose by 41 per cent to N$17,3 billion; historically disadvantaged South Africans in management grew to 42 per cent and a milestone “zero tolerance safety policy” was implemented.Thirty-two people were killed at the company’s operations in South Africa, “although improvements are beginning to be seen,” the group said.Anglo spent N$2,3 billion on training employees in the last year.It was also the first corporate to offer free anti-retroviral therapy to all HIV-positive employees and achieved a 70 per cent voluntary counselling and testing participation rate in 2007.Nampa-Sapa