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Top Empowerment Companies 2009

03 April 2009 Xerox. The OriginalXerox. The Original

SECTOR: Health care

11 - Netcare





Op profit: R3,37bn (Sep 08);
Total BEE score: 75,4%;
Ownership score: 17;
Pref proc: 13,75

The premier private hospital group's performance on the preferential procurement side helped it clock 75,4%, making it the most empowered firm in the JSE's health-care sector. Right now, the Richard Friedland-led Netcare allocates more than 70% of its expenditure to "accredited BEE suppliers". Having steadily progressed from outside the Top 100 of Top Empowerment Companies back in 2004 to the 11th spot shows that its BEE plan isn't a quick-fix scheme. As everyone will agree, that's a recipe for sustainability. On the debit side, its employment equity score looks somewhat pale but the good news is that Friedland's top brass have made a diagnosis and promise a cure for this ailment.







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