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Financial Results
2010 Annual Report
Noteworthy

BEE

BEE Rating
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CMSA maintains its commitment and role toward transformation in South Africa, through its embracing of BBBEE throughout its operations. The company strives to:

·         Be an equal opportunity employer, giving preference to, and aiming to increase, the number of employees from previously disadvantaged communities;

·         Foster a culture of equity for all employees and awareness of diversity; and

·         Empower employees through incentive schemes and upliftment projects, such as numeracy and literacy training for staff.

The group has achieved an A-rating from SANAS-approved Empowerdex, verified in terms of the Department of Trade and Industry's Codes of Good Practice, thus solidifying the group as a 'Level 4' contributor to BBBEE in the country. The current accreditation demonstrates a marked improvement of 12.65 points since the previous BBB-rating, at which the CMM operation was verified at 'Level 5'.

BEE Consortium

Sweet Sensation 67 (Pty) Limited ("Sweet Sensation"), the group of thirteen BEE consortiums that invested in Enaleni (now Cipla Medpro South Africa Limited) at the time of the Cipla Medpro acquisition, currently has an 18,1 % shareholding in our business.

The individual consortiums comprising Sweet Sensation were carefully selected to ensure they were aligned with the group's objectives such as being truly broad-based; encompassing women's groupings and having significant expertise in the wider health care sector. They have the ability to contribute meaningfully to the Group on a strategic and operational level to ensure the continued success of the group.

These consortiums include:

  • Amabubesi Healthcare (Pty) Limited is one of the leading BEE consortiums and is also a prominent player in the healthcare industry. The group has expertise in both the public as well as private sectors and owns various healthcare investments complementary to Cipla Medpro South Africa's business.
  • The Inala Consortium, led by Bongani Mlambo. This group is involved in medical aid administration and is the owner of various pharmacies. The Inala Consortium includes healthcare professionals with both retail and government experience.
  • The Yonga Consortium, lead by Bongani Caga. This group also includes DENOSA among its members, the largest nursing organisation in Africa representing the interests of 80 000 nurses and mid-wifery professionals in South Africa.
  • Safika Investments (Pty) Limited, which was formed in 2005 as a vehicle to invest in private equity transactions with specific emphasis on companies requiring BEE partners
  • The New Era Consortium and the Laxmi Group Limited are companies, which are involved in local and international packaging for pharmaceutical and consumer care products.
  • Two Ships Trading 237 (Pty) Ltd, led by Dr Aubrey Mokoape.
  • Koketso Growth (Pty) Limited is lead by Dali Tambo and Mandla Langa. Koketso has a number of investments ranging from the healthcare sector to hygiene.

Other BEE investor groupings include The Amathuli Trust, black health professional networks and prominent black business people such as Thembisa Dingaan, Dr Bobby Ramasia and Mbali Ngqula.