About us | Black Economic Empowerment
Transformation is an integral part of the Cadiz philosophy and business strategy, with the company committed to implementing a sustainable programme that contributes to the economic and social development of South Africa.
The group has an inclusive approach to black economic empowerment (BEE) which is being addressed in terms of ownership and control, employment equity, skills development, preferential procurement and corporate social investment.
Cadiz continues to transform at all levels in the business and was awarded an A-rating by Empowerdex, an independent empowerment rating agency.
Black empowerment group Makana Investment Corporation (Makana) holds a strategic stake of 15% in Cadiz since 2004. Peter-Paul Ngwenya of Makana is a non-executive director of Cadiz, with Sfiso Buthelezi as an alternate director.
Makana is a unique and broad-based empowerment group which has its roots in the emergence of the South Africa of today and is controlled by the Makana Trust.
The Trust was initiated by former President Nelson Mandela on 11 February 1995 – the fifth anniversary of his release from prison – to address the economic plight of ex-political prisoners.
The Cadiz BEE Trust was established to attract and retain black employees, with 10% of the share capital being assigned to the Trust.
The group's progress in the major areas of transformation and BEE is contained in the Cadiz Sustainability Report 2009.
