Sasol In Society Report - Book - Page 87
Economic
transformation
and local
content
Funding impact
Our commitment
Grant funding
of R924 000
At Sasol, we acknowledge the socio-economic need
to proactively develop, support and contribute to the
sustainability of small, medium and micro enterprises
(SMMEs) as well as firms owned by historically
disadvantaged persons (HDPs), particularly in the
areas where we operate. We leverage our supply
chain to advance this transformation imperative,
thereby ensuring the integration of SMMEs and HDPowned firms into the mainstream of our business.
11 beneficiaries supported
Performance
Our objective is to foster local economic growth, innovation and
sustainable job creation in our communities. We aim to achieve
this by creating an enabling environment through strategic
initiatives and target setting.
Business development
support impact
Improvement on loan funding
performance FY23:
Approved funding
of R98,5 million
up from R18 million in FY22
13 New entrants funded
Interest
rate saving
due to Siyakha’s lower
interest rates R23,7 million
Siyakha loan book
R641 million
47 beneficiaries
funded
Revenue growth
R38,8 million
as a result of funding
interventions 18%
Small to Medium Enterprises
(SME) development spend
9 SMEs
demonstrated revenue growth
▪ 4 Supplier connect events
▪ 5 market access event opportunities for SMEs such
as exhibitions
▪ 201 jobs created from interventions
▪ 38 SME training interventions
▪ 191 small businesses under development
FY23 Temporary
and permanent
jobs created
from Siyakha funding
interventions.
▪ 859 jobs created
▪ 2050 jobs sustained
SASOL IN SOCIETY 2023
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