We cannot underplay the significance of Transformation on the South African Economy. Having conducted business in 33 countries across Africa, we are well aware of the discrepancies in the distribution of wealth on the continent and part of Summit’s key investor objectives is the business transformation of the communities and sectors in which it participates.
We ascribe to the principles of Broad Based Black Economic Empowerment and identified with all segments of the Codes and Charters that relate to BBBEE. As an investor and economic player we will seek ways to drive the BBBEE agenda by looking to deliver the following in its investments:
Unlock opportunities in the value chain for black entrepreneurs and businesses through our investments.
Unlock the potential within black industrialists that operate in the South African economy through deliberate, targeted and well-defined financial and non-financial interventions.
Promote compliance within our investments with all pillars of the relevant sector codes and BEE DTI (Department of Trade and Industry) codes including introducing KPIs for investee companies’ management to this effect.