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Regulatory officials
The Board is the focal point of the company's corporate governance system and is ultimately accountable and responsible for the performance and affairs of the company.
The Internal Audit Department evaluates and examines various business activities and resultant risks, whilst maintaining independence to render impartial and unbiased judgements.
A dedicated Tax department deals directly with officials from the South African Revenue Services. The Group Financial Director is responsible for dealing with officials from the Reserve Bank and Financial Managers based at each division are responsible for dealing with regulatory officials affecting the different operations.
Our Employees
There is a strong commitment to the development of all our employees and we actively ensure that equal opportunity and economic empowerment forms the backbone of our human resource policies, procedures and practices. A disciplinary code and grievance procedure is in place, for employees to follow.
An internal magazine, The Reporter, focuses on employee news and company-wide information.
Our Customers
Our customers are our most important asset. We continuously expand our systems, experience, technology and skills, building business and brand equity for all our divisions, thereby providing our customers with reliable and consistent performance. We consistently update technology in all our production facilities. New media innovations are undertaken from time to time and an example of this is the expansion into digital media to further cater for our customer's needs and keep abreast of worldwide developments. Additionally, the ISO 9002 quality assurance system develops quality plans which effectively demonstrate our products, processes, projects and customer contracts.
Our Suppliers
Our service providers are encouraged to support the company's vision and suppliers compliment our work ethic and stringent criteria and principles apply.
Broad-Based Black Economic Empowerment Policy
We have an established Transformation Committee which functions as a policy-making body to monitor the various elements of the BEE scorecard i.e. ownership, management control, employment equity, preferential procurement, skills training and development, enterprise development and socio-economic development.
This forum, chaired by the Managing Director, comprises senior management representatives from each business division. Over the past few years we have made great progress with our transformation objectives which are monitored using the BEE scorecard in terms of the Department of Trade and Industry's ‘Code of Good Practice'.
The first accreditation study was launched in 2008 for all divisions and was based on the division's individual performance and key areas for improvement were identified. The targets for the divisions are based on the measurement areas identified by the code of best practice for Broad Based Black Economic Empowerment.
An accredited BEE rating agency has assessed our status and we achieved a level 5 rating which was confirmed in October 2009. We also achieved value-added vendor status giving us a procurement level 4 rating providing BBBEE procurement recognition of 100%. Further targets will be put in place to ensure that our rating is maintained or improved upon where possible.
We participated in the 2009 JSE SRI Index, research conducted by EIRIS Ltd, a global leader in corporate sustainability and responsibility research. EIRIS Ltd is a wholly owned subsidiary of the EIRIS Foundation, which is a registered charity based in London, United Kingdom. They are an independent organisation conducting research into corporate responsibility and sustainability issues. Our response to the survey contributes to our assessment as an eligible company for the JSE SRI Index.
Shareholding and Management Control
The current members of the Caxton and CTP Publishers and Printers Limited board are:
Dr. F Van Zyl Slabbert * (Chairman)
TD Moolman (Chief Executive Officer)
GM Utian (Managing Director)
PG Greyling
TWJ Holden
FT Gatefield *
PM Jenkins *
ACG Molusi *
AN Nemukula *
P Vallet*
The current members of the CTP Limited board are:
TD Moolman (Chief Executive Officer)
GM Utian (Managing Director)
J Edwards
PG Greyling
TWJ Holden
ACG Molusi *
AN Nemukula *
N Sooka
*Non executive
Employment Equity & Skills Development
For us, employment equity is seen as a strategic advantage. Each business unit has an employment equity plan and strategy with specific aims, especially in respect of the appointment of Black (including Coloureds, Indians and Chinese as per the BEE code) women and middle and senior management employees. We continuously strive to identify, fast track, develop and mentor previously disadvantaged staff.
Currently Black staff make up 62% of our total staff complement and we have a 20% Black representation in the Managements bands C - E.
Our Skills Development initiatives focus on providing further education opportunities for our Black staff. Currently we have in excess of 143 registered Learnerships and approximately R8-million per annum is expended on training staff. Our medium term objective is to reach the targets for Skills Development as set out by the BEE Codes.
The following initiatives are examples of our commitment to Employment Equity and Skills Development
- Management & Supervisory Development Programme (MSDP)
An example of one of our Learnership programmes is the Management & Supervisory Development Programme (MSDP). CTP Web, CTP Books and SA Litho divisions have partnered with The Production Management Institute of Southern Africa to offer the MSDP to existing supervisory and management personnel. Taking cognisance of the fact that not all supervisory and management personnel were offered the opportunity of education advancement in the past, we recognise the need to provide and equip our staff with the necessary skills to perform in an increasingly competitive environment.
Furthermore we have implemented a structure of financial assistance and support, allowing interested employees the chance to further develop within our organisation.
Our community newspaper division, Caxton Community Newspapers, has operated an extremely successful independent cadet school for journalists since 2006. The idea of training people who have a passion for journalism but could not afford to study developed out of a need to correct the racial imbalance in our newsrooms.
- Print Industry Training Programme
Due to the skills shortage in the industry, a comprehensive internal training programme, as well as a formal industry training programme has been developed, to ensure we always have access to qualified staff.
Currently, Caxton Printers recruits ten apprentices at the beginning of each year. Requirements for applicants are a Matriculation Certificate with Maths and Science or a Mechanical N3 Level. Each apprentice receives pre-training and is given a basic introduction to the printing process. During their first six months of employment they are assessed and evaluated and five successful apprentices are then selected and attend College sponsored by Caxton Printers. Apprentices attend college for six months at a time for a total period of three years. Over the past five years more than 100 people have qualified as printers, fitters and electricians, due to this apprenticeship programme.
Preferential Procurement
The company has a preferential procurement policy that ensures the quality and efficiency of goods and services to the group and our customers. Suppliers' BEE performance is evaluated according to specific criteria and suppliers are expected to show compliance with BEE Codes.
We are committed to affirmative procurement as a valuable tool in developing sustainable black-owned business into the mainstream economy. To support this, the company focuses on ensuring, wherever possible, that Black-owned Exempted Micro Enterprises (EME's) and Qualifying Small Enterprises (QSE's) are accorded preferred supplier status.
The procurement policy governs all purchasing and subcontracting of goods and services in the course of normal business. The policy is supported by the following measures to ensure implementation and to translate into meaningful and practical action:
- An internal empowerment status verification process of all current and potential suppliers to verify Black ownership and BEE status;
- Procurement targets that are monitored and reviewed on an annual basis;
- Independent auditing of our verification processes by a SANAS-accredited verification agency to accurately reflect our progress with regard to the procurement targets.
Black economic empowerment partners
We strive to establish partnerships with wholly owned black enterprises where possible.
Enterprise Development
Facilitating entry for emerging black business into South Africa's mainstream has been identified as an important focus area for the company's BBBEE strategy going forward. All divisions contribute towards reaching at least 3% of Net Profit After Tax in support of Enterprise Development initiatives. Currently our initiatives exceed this minimum target.
During the first phase of implementation, we facilitated entry through our procurement programme. We have also entered into various other initiatives that support the operational and financial sustainability of qualifying Enterprise Development beneficiaries such as shorter payment periods and other administrative support. In particular, we have outsourced many of our distribution services to black contractors enabling them to employ over 300 previously unemployed black people. Through this we have provided various forms of training to these contractors and their employees.
We continue to investigate viable and sustainable opportunities to assist qualifying enterprise development beneficiaries.
An annual contribution to the Media Development and Diversity Agency (MDDA) is made in order to assist in building an environment where a diverse, vibrant and creative media flourishes and reflects the needs of all South Africans in the Print Media. The beneficiaries of subsidies and facilitating capacity building are historically disadvantaged communities, historically diminished language and cultural groups and inadequately served communities. The MDDA has assisted 172 media projects as at March 2008
Click here to download our PDF BEE Certificate
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