EMPOWERMENT

EMPOWERING PEOPLE TO DRIVE PRODUCTIVITY

Level 1 BBBEE Contributor status, with a 9CE, 8SB CIDB grading.

Lonerock Construction has attained Level 1 BBBEE Contributor status, with a 9CE, 8SB CIDB grading. We comply with over 75% of the requirements in South Africa’s Construction Charter.

We have exceeded our target of 35% black ownership; currently, black ownership at Lonerock stands at 39%, with 14% held by our workers’ trust and 25% in individually owned shares. We also have 25% black female representation on the company’s board and in executive management.

Additionally, we have set targets for 68% black representation in junior management, 45% in middle management, and 35% in senior management. All of these targets have been exceeded, with black employees now making up over 80% of junior management.

More than 75% of our procurement spend is with BBBEE-compliant and black-owned companies. We also allocate more than 3% of our annual net profit to the development of black-owned businesses and enterprise development, and an additional 1.5% to socio-economic development.