ESG information Social investment
ESG information Social investment
Africa is our heart and soul, and we are proud of the positive contribution we make to the countries where we operate.
Our approach to social responsibility is focused on the relationships we have with our employees, our communities, and our customers (including ensuring the protection and privacy of their data). We are deeply invested in these relationships, knowing that our sustainability as a company is grounded in the commitment of our people, and the trust that we build with our customers and communities alike. Our various programs actively address and manage social and economic development, creating much needed employment, contributing to the fiscus and enabling small businesses to grow.
We see beyond business priorities and strive to make a lasting impact on the communities in which we operate. Our CSI initiatives focus on creating employment opportunities, developing up-and-coming filmmakers and nurturing future sport stars.
CSI initatives
We have several CSI initiatives and programmes in place.
Our flagship initiatives include:
FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | |
CSI spend | R207m | R247m | R446m | R298m | R285m | R301m |
Enterprise development
The MultiChoice Innovation Fund is an enterprise development fund administered by the MultiChoice Enterprise Development Trust.
The fund’s aim is to fast-track entrepreneurs to industry leadership in the technology, film and content production industries. It provides start-up entrepreneurs and established SMMEs with the necessary tools, skills and financial support to enable them to bring their business ideas to life and create much-needed employment opportunities. The fund has a strong focus on small, medium and micro-sized enterprises (SMMEs) owned by young and female entrepreneurs. Since inception, the fund has disbursed R379m in loans, grants and business development expenses to achieve this purpose.
Learn more in our integrated annual reportFY19 | FY20 | FY21 | FY22 | FY23 | FY24 | |
Annual amount distributed to beneficiaries | R68m | R45m | R37m | R75m | R52m | R28m |
Commitment to transformation
Our preferential procurement programme in South Africa supports the development of previously disadvantaged business owners.
The majority of our preferential procurement spend is with BBBEE compliant suppliers, and a significant portion is directed at SMMEs and suppliers with black women ownership.
We recognise that owning economic assets plays a critical role in reducing inequality. Phuthuma Nathi, our BBBEE share scheme, boasts more than 75 000 black shareholders.
Learn more about our BBBEE initiativesFY19 | FY20 | FY21 | FY22 | FY23 | FY24 | |
Preferential procurement spend | R10.4bn | R10.3bn | R11.5bn | R13.4bn | R12.0bn | R13.8bn |
% of SA procurement with BBBEE compliant suppliers | 79% | 80% | 81% | 88% | 100% | 100% |
Spend with SMMEs | R3.4bn | R4.9bn | R3.3bn | R3.0bn | R2.6bn | R4.5bn |
Spend with suppliers with at least 30% black women ownership | R1.7bn | R1.9bn | R2.3bn | R2.8bn | R2.0bn | R3.1bn |