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   In brief ...

   The Vuk’uzenzele Trust was registered in 2004 with a 26% shareholding in    Ritz Trade 115 (Pty) Limited, Cedar Park’s parent company.

   Cedar Park Hotel has officially been rated as a Level 7 Contributor on the    relevant BBBEE Small Business Scorecard.

   The Business is currently a black empowered enterprise in that 26% equity    interest is owned by blacks. The current directorship is Randy Moniez and    Lydia Nkabinde.

   The Business sets as target that black representation at Top-Manager level    will increase to 50,1%. It currently stands at 43%.

Cedar Park Hotel & Confernce Centre
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The aim of the employment equity is as follows:

  • To align Employment Equity targets with Skills Development programmes and objectives.
  • To embark on diversity management programme for all employees at all levels.
  • To focus specifically on the participation of black people, including black women, in the first-line decision-making process.
  • To ensure that black people, including black women, participate at all levels of management of the Business, especially at operational level.

Present Position:
The Business employs 35 people at present of which black people represent 91,4% and black women 54,2%.

PREFERENTIAL PROCUREMENT
Objective

  • To increase the amount of money spent on procurement from BEE-compliant Enterprises and those that score at least 30% on the relevant BEE Scorecard. The aim is also to support Black owned and Black women owned businesses.
  • Procurement from the above Enterprises will ensure that the ripple effect of affirmative Procurement is realized throughout the economy.
Cedar Park Hotel & Conference Centre
Cedar Park Hotel & Conference Centre
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