Pick n Pay Logo Annual Report 2008
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Commentary
Value Added Statement
Financial highlights
Number of stores
Our Group mission
Our key values
Stakeholders
Our seven enduring principles
Chairman’s Statement
Boards of Directors
Chief Executive Officer’s review
Sustainability Report
Ten-year review
Corporate governance
Analysis of shareholders
Shareholders’ information
Annual Financial Statements
Pick n Pay Stores Limited and its Subsidiaries
Pick n Pay Holdings Limited and its Subsidiaries
 
Divisional Directors
Notice of AGM
Pick n Pay Stores Limited
Pick n Pay Holdings Limited
Form of proxy
Pick n Pay Stores Limited
Pick n Pay Holdings Limited
 
Election to Receive Annual
& Interim Reports
Electronically
 
Sustainability report
for the year ended 28 February 2009
 
 
 
Transformation
  We are committed to:
 
  • Promoting growth of historically disadvantaged individuals
  • Promoting and enhancing equitable representation at senior and executive levels
  • Increasing procurement from black-empowered or black-owned businesses/enterprises
  • Implementing training to inspire and empower our staff and supplier base to ensure sustainability
 
  Transformation milestones:
 

Implementing the BEE Charter:

  • Ownership – 42% of our entire workforce now hold 56 268 800 share options in the Group. This year 16 755 800 share options were granted to 3 085 employees and 4 002 300 share options were taken up by 1 143 employees
  • Employment equity – Annual employment equity targets are reviewed in October, in line with the Department of Labour. To date we have exceeded most of our 2009 employment equity targets (see chart)
  • Management – 652 trainee managers, including 19 trainee managers who are midway through our two-year Retail Academy programme aimed at developing future management. We launched a female mentorship programme in the Western Cape and are rolling out the initiative in all other regions
  • Skills development – Significantly increased our level of expenditure on training and development, notably investment in our assessment centres and our Franchise Academy to develop black entrepreneurs as store owners. Regional training expenditure increased 6% and management participation in training and development increased 25%. We completed our project in partnership with the Wholesale and Retail Skills Education Training Authorities (SETA) to develop skills that are considered scarce: 181 learnerships completed
  • Preferential procurement – We launched an exciting campaign, “Shelf Life”, in partnership with the Sunday Times, aimed at developing and enlisting small consumer-goods manufacturers as our suppliers. We provided free workshops to around 350 small enterprises to develop their business skills as sustainable, reliable suppliers and an ongoing mentorship programme has been created
  • Enterprise development – Over R10 million has been allocated over the last year towards enterprise development projects in the training and manufacturing communities to increase the supplier base to our emerging stores from local projects. The aim is to develop sustainable suppliers of goods and services to our business
  • Implementation of BEE codes of good practice as laid down by the DTI
 
 
Employment equity targets by occupational levels (%)
   
          
 
 
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