CORPORATE PHILOSOPHY

We are integrated into the lives of millions of people through the products we manufacture and the services we provide.

Our vision is to be recognised as the most inspiring listed company in Africa.

Our purpose is to inspire people by building exceptional businesses that create lasting economic and social value.

Our strategy is to deliver sustainable, value-accretive growth for our stakeholders by building a portfolio of market-leading businesses, concentrating on areas where we can leverage our competitive strengths. Astute capital allocation underpins our strategy.

Portfolio composition: We offer investors a vehicle to invest in a portfolio of quality, unlisted businesses, with well-known and respected brands. We are improving the quality of our portfolio by focusing on several initiatives to improve our returns, while executing on growth projects.

Leading market positions: Most of our businesses have leading market positions with a deep level of vertical integration and high barriers to entry, which support their market positions, lower costs, and enable a stable and sustainable supply chain.

Asset lifecycle: Our manufacturing businesses own assets with long useful lives and are equipped with the latest technology, enhancing their competitiveness and entrenching their market position.

Global competitiveness: The low-cost position, product quality and differentiation, and global competitiveness of most of our businesses support their ability to outperform competitors, and to grow via exports to selected African and international markets.

Local manufacturer advantage: Our manufacturing businesses work with customers to deliver products that meet their needs, contribute to government localisation targets, and promote sustainability efforts, positioning them ahead of importers.

Diversification: The diversified nature of revenue and cash flow generation in our portfolio supports risk mitigation and sustainable earnings growth over time.

Positioned for a recovery: Most of our revenue is generated in South Africa, which positions us favourably for a recovery in the local economy.

Everything we do is guided by our values, which are:

to lead responsibly

to respect society

to value the environment

to embrace diversity

to respect our people

to innovate relentlessly

Our strategy is to deliver sustainable, value-accretive growth for our stakeholders by building a portfolio of market-leading businesses, concentrating on areas where we can leverage our competitive strengths. Astute capital allocation underpins our strategy.

Our primary focus is to allocate capital according to the most value-accretive opportunities available to us, whether through organic growth of our existing businesses or through select corporate actions.

Investment approach
OUR VISION AND PURPOSE

Our vision is to be recognised as the most inspiring listed company in Africa.

Our purpose is to inspire people by building exceptional businesses that create lasting economic and social value.

Our strategy is to deliver sustainable, value-accretive growth for our stakeholders by building a portfolio of market-leading businesses, concentrating on areas where we can leverage our competitive strengths. Astute capital allocation underpins our strategy.

Portfolio composition: We offer investors a vehicle to invest in a portfolio of quality, unlisted businesses, with well-known and respected brands. We are improving the quality of our portfolio by focusing on several initiatives to improve our returns, while executing on growth projects.

Leading market positions: Most of our businesses have leading market positions with a deep level of vertical integration and high barriers to entry, which support their market positions, lower costs, and enable a stable and sustainable supply chain.

Asset lifecycle: Our manufacturing businesses own assets with long useful lives and are equipped with the latest technology, enhancing their competitiveness and entrenching their market position.

Global competitiveness: The low-cost position, product quality and differentiation, and global competitiveness of most of our businesses support their ability to outperform competitors, and to grow via exports to selected African and international markets.

Local manufacturer advantage: Our manufacturing businesses work with customers to deliver products that meet their needs, contribute to government localisation targets, and promote sustainability efforts, positioning them ahead of importers.

Diversification: The diversified nature of revenue and cash flow generation in our portfolio supports risk mitigation and sustainable earnings growth over time.

Positioned for a recovery: Most of our revenue is generated in South Africa, which positions us favourably for a recovery in the local economy.

Everything we do is guided by our values, which are:

to lead responsibly

to respect society

to value the environment

to embrace diversity

to respect our people

to innovate relentlessly

Our strategy is to deliver sustainable, value-accretive growth for our stakeholders by building a portfolio of market-leading businesses, concentrating on areas where we can leverage our competitive strengths. Astute capital allocation underpins our strategy.

Our primary focus is to allocate capital according to the most value-accretive opportunities available to us, whether through organic growth of our existing businesses or through select corporate actions.

Investment approach
OUR VISION AND PURPOSE

Our vision is to be recognised as the most inspiring listed company in Africa.

Our purpose is to inspire people by building exceptional businesses that create lasting economic and social value.

Our strategy is to deliver sustainable, value-accretive growth for our stakeholders by building a portfolio of market-leading businesses, concentrating on areas where we can leverage our competitive strengths. Astute capital allocation underpins our strategy.

Portfolio composition: We offer investors a vehicle to invest in a portfolio of quality, unlisted businesses, with well-known and respected brands. We are improving the quality of our portfolio by focusing on several initiatives to improve our returns, while executing on growth projects.

Leading market positions: Most of our businesses have leading market positions with a deep level of vertical integration and high barriers to entry, which support their market positions, lower costs, and enable a stable and sustainable supply chain.

Asset lifecycle: Our manufacturing businesses own assets with long useful lives and are equipped with the latest technology, enhancing their competitiveness and entrenching their market position.

Global competitiveness: The low-cost position, product quality and differentiation, and global competitiveness of most of our businesses support their ability to outperform competitors, and to grow via exports to selected African and international markets.

Local manufacturer advantage: Our manufacturing businesses work with customers to deliver products that meet their needs, contribute to government localisation targets, and promote sustainability efforts, positioning them ahead of importers.

Diversification: The diversified nature of revenue and cash flow generation in our portfolio supports risk mitigation and sustainable earnings growth over time.

Positioned for a recovery: Most of our revenue is generated in South Africa, which positions us favourably for a recovery in the local economy.

Everything we do is guided by our values, which are:

to lead responsibly

to respect society

to value the environment

to embrace diversity

to respect our people

to innovate relentlessly

Our strategy is to deliver sustainable, value-accretive growth for our stakeholders by building a portfolio of market-leading businesses, concentrating on areas where we can leverage our competitive strengths. Astute capital allocation underpins our strategy.

Our primary focus is to allocate capital according to the most value-accretive opportunities available to us, whether through organic growth of our existing businesses or through select corporate actions.

Investment approach