Transformation

Promoting an inclusive economy fosters a more equitable and sustainable business environment, benefiting all stakeholders, including companies, employees and communities.

Famous Brands strives to be an organisation that truly reflects South Africa’s diverse population. We have established policies and practices to ensure the inclusion, equality, and fair treatment of all employees. The Department of Trade and Industry’s B-BBEE Codes of Good Practice serve as the guiding objectives for our B-BBEE transformation strategy.

Famous Brands has partnered with FOODBEVSETA (Food and Beverages) since 2021 to develop skills in the food and beverage sector. The partnership has enabled greater access to funding for our skills development, allowing us to expand our training and have a positive impact on the community.

Our Group Transformation Manager, supported by our executive leadership team, executes and monitors our B-BBEE transformation strategy across our South African operations.

The Board’s Social and Ethics Committee and Social and Ethics Working Group oversee our transformation initiatives. We follow best practices and align our activities with the 10 Principles of the United Nations Global Compact to ensure we operate according to high standards of responsibility, ethics and accountability.

This year, we achieved a Level 1 B-BBEE rating, a significant achievement and the result of many years of focused attention. This was achieved by:

• Using the YES Programme to improve our B-BBEE Level by two levels.
• Improving our employment equity score by achieving our five-year employment equity targets.
• Executing our disability programme and other initiatives for disability.
• Focusing on enterprise and supplier development by enhancing existing projects and identifying new projects. This includes maintaining our Owner-Driver Programme as our flagship enterprise development programme.
• Replacing non-compliant suppliers where possible.
• Focusing on improving the absorption of learners under skills development (meeting the 15% absorption target).
• Collaborating with the Department of Trade, Industry and Competition to unlock B-BBEE opportunities in our sector.

We will strive to maintain a high rating, despite changes to the B-BBEE legislation.