Transformation

Lafarge is the world leader in the building materials. It extracts resources from the heart of the earth to make materials to bring the heart of life.  Lafarge is driven by the needs of its customers, shareholders, local communities and architects. The group creates high value - added solutions which encourage creativity whilst leaving a lighter trace on the world.  Lafarge's success draws on the diversity of its employees world-wide and our values of courage, integrity, commitment and consideration for others as well as the code of good conduct.

Embracing Transformation

• Finalising a ground-breaking R1,2billion Black Economic Empowerment transaction early in 2007
• Establishing Employee Share Ownership schemes
• Reopening the Inanda Quarry in Durban under a partnership deal with the Qadi people. The new Qala Quarry company is effectively 63% black owned.
• Introducing a Learnership Programme to members of the communities in which we operate

The main features of the BEE transaction were the sale of 26% of its mining activities in Lafarge Mining (Pty) Ltd and 10% of its manufacturing businesses held in Lafarge Industries (Pty) Ltd, to its employees and Sinako (Pty) Ltd (“Sinako”), a women-led empowerment consortium.

Peotona:

20% of Sinako will be owned by Peotona, a women's investment company owned by Cheryl Carolus, Dolly Mokgatle, Wendy Lucas-Bull and Thandi Orleyn.

Motjoli:
20% of Sinako will be owned by Motjoli, a black-owned company operating in the mining sector.

The BEE rating agency Empowerlogic is commissioned to conduct a broad based black economic empowerment audit of the Lafarge South Africa Holdings operating companies:

• Lafarge Industries South Africa (Pty) Ltd, which incorporates the company’s manufacturing and marketing activities of cement, readymix concrete and gypsum
• Lafarge Mining South Africa (Pty) Ltd, which embraces the company’s sand, aggregate, limestone and gypsum quarrying interests.