Sasol Report to Society 2020 - Book - Page 48
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The year in review: global impact continued
Economic transformation
and local content
We aim to achieve a
transformed, sustainable,
diverse and high
performing supplier base
through simplifying our
processes and accelerating
the development of small
and transformed
businesses and giving them
enterprise and funding
support.
Globally, over 1
000 small
businesses directly
benefitted from grants,
loan-funding and development
support to improve business
sustainability and increase
profitability. Spend with local
(Secunda and Sasolburg)
Black-owned companies increased
from R8 206 million in
2019 to R10 482 million
in 2020.
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Sasol in society: 2020 report
Our economic transformation and local content programme was
refocused to align with growing shared value approach and integrating
all our interventions which deal with economic inclusion. This includes
a focus on nurturing early stage entrepreneurial talent to enable a
mindset for development and agility in our communities.
Our aim is to enable economic inclusion and access for small
businesses, to contribute to economic growth, through our economic
transformation programme.
Our primary objectives are:
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Identifying and nurturing entrepreneurial talent and capability.
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Accelerating development of transformed SMMEs by:
•supporting them with relevant resources including
funding; and
•creating meaningful opportunities to enable participation
in commercial supply chains, including Sasol’s.
3
Ensuring transformation of our supply chain and apply
responsible sourcing and procurement principles.
