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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 4 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

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.

Conclusion
Any other information relating to this plan or any business operations of the Business will be provided in terms of the Business' Information Manual drafted in terms of the Promotion of Access to Information Act. Requests for further information can be addressed to:

Peter Coston
BEE SEESA
Postnet Suite 152
Private Bag X844
Silverton
0127
Tel: +27 12 810 2076
Fax: +27 12 803 4985
Email: beeratings05@seesa.co.za

Click here to download our BEE Certificate

Cedar Park Hotel & Conference Centre
Cedar Park Hotel & Conference Centre
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