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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%.
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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.
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FullHouse
