Baum, who is now CEO of Anglo Ferrous Metals, said at the launch of the company’s 2007 Transformation Report that the group had to continue its transformation programme in areas such as empowerment transactions and procurement spend, but stressed that the next area of focus would have to be employment equity.
In 2007, Anglo American South Africa’s employment equity improved with 42% of senior management comprising historically disadvantaged South Africans (HDSAs), and women in senior management roles standing at 18% at the end of the year, up from 14% in 2006.
New Anglo American South Africa CEO Kuseni Dlamini, who took over the position in June, commented during a presentation that while the 42% HDSAs in management indicated good progress, the company could, and had to do better.
Meanwhile, Baum added that improving maths and science education remained a challenge to transformation for the country.
He explained that in 1988 there were 1 000 black matriculants with maths and science at higher grade, with the numbers having remained the same until 2002.
“It is only in the last five years that we have seen an increase in that number, but the quality of maths and science is a huge challenge,” said Baum.
Anglo American South Africa contributed R40-million to boost maths and science education in 2007.
Baum also noted that the R17,3-billion the company had spent on black economic- empowerment (BEE) procurement and enterprise development in 2007 had the biggest impact on South Africans.
This amount represented 37% of the company’s total available procurement spend and was 41% higher than the R12,3-billion spent in 2006.
Anglo Zimele, Anglo American’s small business enterprise unit, had chalked up great successes in recent years. The unit, which was now augmented by the Anglo Khula Mining Fund, had been successful in assisting businesses to form links with the Anglo American supply chain.
Anglo Zimele was supporting 66 companies, ensuring direct employment for more than 4 000 people.
The unit would roll out 12 new small-business hubs this year, which Anglo American South Africa hoped would create up to 300 new small businesses a year in the communities surrounding its operations.
Anglo American South Africa had signed or announced seven broad-based BEE transactions, which would allow for sustainable broad-based empowerment through the participation of communities and women.
In 2007, the company had supported 290 corporate social investment projects at a cost of R70-million, of which 46% had been spent on education.