Anglo American announced on Monday that its divisions and operations recorded R2,4-billion in procurement transactions with Black Economic Empowerment small and medium enterprises (SMEs) and related business development initiatives during the 2002 financial year.
This represents a 63% increase on the previous year’s figure of R1,5-billion.
Said Philip Baum, chief operating officer of Anglo American and chairman of Zimele, Anglo American’s empowerment and business development initiative: ”For over a decade, Anglo American has been supportive of the small business sector and Black Economic Empowerment.
”The group’s efforts are still bearing fruit with the creation of sustainable wealth-generating and job-creating enterprises.” – Sapa