Tsogo Sun Ranked Third Most Empowered JSE-Listed Company
Tsogo Sun has been ranked third on the JSE Top 100 Most Empowered Companies for the second consecutive year, on 4 October.
Tsogo Sun’s majority shareholder, Hosken Consolidated Investments Limited, was ranked the most empowered black-owned company in South Africa in 2017.
Tsogo Sun is a Level 1 B-BBEE contributor with 135% B-BBEE procurement recognition, 62.10% effective black ownership and 34.44% effective black women ownership.
The group’s performance was verified against the Tourism Sector Scorecard and saw Tsogo Sun receiving 101.52 out of a total available points of 111.
Tsogo Sun’s empowerment strategy includes a focus on nation-building initiatives with various partners such as the National Business Initiative and Proudly South African; Enterprise and Supplier Development (ESD) policies and processes through the groupwide Tsogo Sun Entrepreneurs programme.
In the financial year ended 31 March 2017, the group added R8.5 billion in value to BEE businesses and government, and invested R93 million in value in support of emerging black owned small, medium and micro enterprises in South Africa.
In the same period, the group’s Socio-Economic Development initiatives reached 46 398 learners through education and job-readiness community programmes.
Tsogo Sun has over 100 hotels and 14 casino and entertainment destinations throughout South Africa, Africa, the Seychelles and Abu Dhabi. For more information, visit www.tsogosun.com.