Page 22 - Transformation Report 2018/2019
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14. CONCL USION
This report for the periods 2018 and 2019 demonstrates This also epitomises the Group vision to create New Breed
the significant and diverse impact the Group and its Law Firms that don’t stand apart from, but contribute
TM
member firms have on transformation. With firms being positively and significantly to the South African environment
small and medium in size it confirms that with a unified and legal profession.
vision, belief and commitment, even smaller players in
the economy can have a very real impact on change Despite successes, the Group recognises that the
and growth. commitment to transformation remains continuous and
that particularly in the area of professional appointments,
much work still needs to be done to transform the legal
profession.
Group expenditure demonstrates What stands firm is the communal commitment and
that member firms wish to unified vision of the Group to increase its transformation
contribute positively and efforts, without which progress would undoubtedly
significantly to the South African have been less pronounced and in many respects less
environment sustainable.
As a reference tool the following table summarises the broad areas of contribution by member firms to transformation,
community support and BEE:
Transformation expenditure by Group and 2018 2019 TOTAL
member firms during 2018/19*
Annual Verification Cost of Firms R 270 000.00 R 325 000.00 R 595 000.00
Annual Verification Support provided to Firms R 580 000.00 R 620 000.00 R 1 200 000.00
Annual Employment Equity and Skills Development Support to Firms R 390 000.00 R 340 000.00 R 730 000.00
Group Graduate Recruitment R 190 000.00 R 180 000.00 R 370 000.00
Phatshoane Henney Foundation Bursary Programme R 250 000.00 R 250 000.00 R 500 000.00
Skills Development Expenditure R 12 300 000.00 R 15 200 000.00 R 27 500 000.00
Socio-economic Development Expenditure R 2 000 000.00 R 2 200 000.00 R 4 200 000.00
Community Support Expenditure R 5 300 000.00 R 1 700 000.00 R 7 000 000.00
Enterprise Development Expenditure R 5 500 000.00 R 7 800 000.00 R 13 300 000.00
Pro Bono Support R 2 500 000.00 R 4 000 000.00 R 6 500 000.00
Support of Black Legal Service Providers R 57 000 000.00 R 53 000 000.00 R 110 000 000.00
Support to Black Advocates R 4 400 000.00 R 2 600 000.00 R 7 000 000.00
BEE Procurement Expenditure R 108 000 000.00 R 127 000 000.00 R 235 000 000.00
TOTAL R 198 680 000.00 R 215 215 000.00 R 413 895 000.00
*Costs have been rounded off for ease of use. Most costs have been drawn from formal BEE verification results of firms during 2018 and 2019.
Group Transformation Report for 2018/19
