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Results for the six months ended 31 December 2017 have officially been released.
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Corporate Social Investment
Accéntuate Ltd BEE Certificate

Corporate Social Investment and Enterprise Development

Enterprise development Accéntuate is committed to enterprise development which is defined as "contributions of monetary and non-monetary recoverable and non-recoverable contributions actually initiated in favour of a beneficiary entity by a measured entity with the specific objective of assisting or accelerating the development, sustainability and ultimate financial independence of the beneficiary. This is commonly accomplished through the expansion of a beneficiary’s financial and/or operational capacity".

The operations in Accéntuate are committed to a number of enterprise development and corporate social investment programmes in various areas. The indicative spend in these areas was R630 203 (2016: R769 000) which was further complemented by substantial non-monetary assistance. The enterprise development spend was spent between the operating companies as follows:

Accéntuate views preferential procurement as an effective tool to facilitate transformation of society and to this end Accéntuate has developed effective preferential procurement strategies that are implemented at divisional level. These procurement policies are integrated as part of the ISO 9001 system. A number of factors are evaluated before awarding orders which include price, quality, customer service and B-BBEE status.

The availability of certain raw materials from limited sources does, however, constrain our preferential procurement initiatives around many of our high-value procured items. Continuous improvement in this critical area of the business is encouraged and monitored on an ongoing basis. Accéntuate measures preferential procurement of B-BBEE and the objective is to deal preferably with companies that have a score of level 4 and better. The group’s goal is to achieve the full 20 points from this area within the BEE scorecard.

Within FloorworX and Safic the companies spent R69,3 million and R16,7 million with their top 10 suppliers respectively. The corporate social investment expenditure for the group was R305 000 and the enterprise development expenditure was R174 000. These are in line with the targets set by the committee.

Accéntuate retains its strategic objective to spend 1% of NPAT on Corporate Social Investment. The programme is deliberate, focused and progressive and projects are carefully selected. Focus remains on education and is granted through support:

- Bursaries
- School upliftment programs

Bursary assistance is available to children of Accentuate employees who wish to study in disciplines such as architecture, quantity surveying, engineering, accounting, bookkeeping, plastics and plastic sciences, science and physics, building and construction science and computer science. Full bursaries are available which cater for tuition and books.

FloorworX is currently contracted to three full time bursary students from previously disadvantaged backgrounds.A number of schools have also been assisted with donations of floor coverings, especially in areas struggling with financial resources.

The focus of SAFIC’s Corporate Investment program for 2011 was to provide assistance to employees who have children furthering their education in a recognised college or university.

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