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BEE Profile

As a 100% black-owned and controlled investment company, Pamodzi Group is committed to good governance practices, transparency and compliance with all of South Africa’s recommended codes of good practice. Good governance and compliance is only the beginning, however.

Transformation

Transformation is in the very DNA of our company. Pamodzi Group is about real transformation, beyond just complying with official codes and sectoral charters. A good example of this is the way in which we empowered and transformed Foodcorp. When we took over ownership of the company we set in place a pioneering share scheme at the time, whereby the employees of the company across the board – the vast majority of whom are black – would own 20% of the company’s shares. They are therefore empowered and incentivised in a direct way – as the company grows, so does their real wealth.

Compliance

We are fully compliant with Broad-Based Black Economic Empowerment principles and with all relevant sectoral and industry empowerment charters in the sectors in which we invest. More than this, we have a commitment to ensure that all of our investment portfolio companies commit themselves to similarly stringent transformation and good governance compliance.

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