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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%.
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The aim of the employment equity is as follows:
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To align Employment Equity
targets with Skills Development programmes and
objectives.
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To embark on diversity management
programme for all employees at all levels.
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To focus specifically on
the participation of black people, including
black women, in the first-line decision-making
process.
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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
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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.
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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
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FullHouse
