Sasol Integrated Report 2024 - Book - Page 121
INTRODUCTION
ABOUT SASOL
STRATEGIC OVERVIEW
BUSINESSES
ESG
DATA AND ASSURANCE / ADMINISTRATION
REMUNERATION REPORT
SOCIAL – COMMUNITY continued
ECONOMIC INCLUSION
continued
Enterprise Supplier Development (ESD) Case Studies
CASE STUDY 1: SIYAKHA TRUST
CASE STUDY 2: WOMEN IN MINING INCUBATOR PROGRAMME
Brief overview description
Brief overview description
The Sasol Siyakha Enterprise and Supplier
Development Trust, established in 2007,
serves as a comprehensive funding support
mechanism aimed at empowering Blackowned businesses within the Sasol value
chain. With a singular focus on fostering
inclusive economic growth, the Trust:
• fosters the creation, development, and
accelerated growth of transformed
suppliers, contractors, and
entrepreneurs; and
• offers funding support, skills transfer
(business, financial, and entrepreneurial),
and embedding good governance practices
in funded entities.
These objectives are pursued with the
aim of enhancing capacity and viability
of beneficiary businesses, driving their
long-term success and impact, and beyond.
This also contributes to our prioritised
United Nations Sustainable Development
Goals (SDGs) 8 and 11. In furthering its
objectives, access is provided to the
following:
• Grant funding: Provided to qualifying
businesses across various sectors, to
overcome financial hurdles and seize
growth opportunities, with a focus on
ESD programme participants.
• Post-Investment Support and Mentorship:
Dedicated post-investment support and
mentorship to equip businesses with sound
financial management practices and enhanced
operational capabilities.
• Tailored funding solutions: Diverse funding
options available beyond grants.
Outcome/Performance
Over R1,2 billion disbursed to SMEs over the life
of the fund. The Trust has significantly contributed
to fostering economic empowerment and
diversity. The Trust’s impact extends beyond
financial support, with key achievements
highlighting its role in advancing Sasol’s
sustainability objectives.
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For more detail refer to our website www.sasol.com/esg
The Sasol Women in Mining Incubator
Programme commenced in May 2023,
aiming to empower South African female
entrepreneurs leading SMEs, with the
potential to join Sasol’s supply chain. This
initiative offers technical expertise, business
development training, mentorship, and
financial coaching to help SMEs grow and
unlock their full potential, in line with SDG 8.
Recognising the unique challenges faced by
female founders, aligning with SDG 5, the
programme specifically addresses these
hurdles while fostering job creation in the
sector through tailored support, mentorship,
and access to market opportunities.
Key interventions and impact areas to the
benefits of SMEs:
• technical engineering expertise to support
commercialisation and scale;
• personal entrepreneurial development;
• practical tools and strategies for business
development and growth; and
Excellence in action
Faithrich Logistics, a 100% Black-owned SME in
the Vaal Triangle, exemplifies the transformative
power of the Trust. Sasol Siyakha Trust’s
R18 million investment in 2019 empowered
Faithrich Logistics. They consolidated debt,
expanded their truck fleet, and have consistently
met repayment goals. This responsible
management led to further support: a R3,3 million
loan for a new building in 2022 and a recent
R20 million loan for trucks tied to a new Salt
transportation contract. This ongoing partnership
fuels Faithrich Logistics’ growth. Through the Trust,
they have emerged as a significant player in the
transportation and logistics industry and is now
a regular Sasol supplier.
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• one-on-one diagnostics, mentorship,
and business financial coaching for
developing SMMEs.
Mining Indaba 2024
As part of the development programme,
participants were able to attend the 2024
Mining Indaba event. The event fosters
dialogue, knowledge exchange, and
collaboration within the global mining
community. Discussions focus on key issues,
challenges, and opportunities. Participants
gained exposure to topics such as investment,
policy and regulation, sustainability and
responsible mining, market trends and
commodity prices, technology and innovation,
exploration and development. The Indaba also
featured a Sasol-sponsored “Leveraging
technology to accelerate women in mining”
showcase, highlighting innovative stations
and sustainable practices that support women
in the mining sector.
www
For more information on our impact and case studies
refer to our website www.sasol.com/esg
