Corporate social investment

Afrox focuses more on engagement and partnerships to support socioeconomic development than on financial investment, in order to make a sustainable difference in the lives of others.

Closely connected to our own internal development are a number of corporate social investment (CSI) projects that allow us to positively influence our external environment, stakeholders and surrounding communities. Afrox aims to be involved in and pioneer programmes that support education, job creation and income generation to create self-sustainability.

Although active during the restructure programme, CSI activities were reduced to allow focus on internal improvements. In 2016, the CSI strategy was reviewed and further aligned to the current economic and social challenges required for development in the country. Some activities were relaunched while others, such as the welding schools, were given more attention to create a solid foundation for future CSI activities and socioeconomic development. We spent R3.4 million (2015: R1.9 million) on CSI activities and maintained our target of donating at least 1% of our previous year’s net profit after tax to social investment initiatives.

Although active during the restructure programme, CSI activities were reduced to allow focus on internal improvements. In 2016, the CSI strategy was reviewed and further aligned to the current economic and social challenges required for development in the country. Some activities were relaunched while others, such as the welding schools, were given more attention to create a solid foundation for future CSI activities and socioeconomic development. We spent R3.4 million (2015: R1.9 million) on CSI activities and maintained our target of donating at least 1% of our previous year’s net profit after tax to social investment initiatives.

Our activities can be grouped into four main areas:

Future focus areas

  • We will continue our focus on finalising our enterprise development strategy to build more successes in our value chain and provide opportunities for entrepreneurs and existing suppliers.
  • Increase the number of employees engaged in CSI activities through actively promoting participation.
  • Afrox intends to continue growing the impact of community development initiatives and improve commitment from all stakeholders through effective interaction.
  • Further develop and support welding schools. This includes skills related to welding and skills identified as key to community upliftment.

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