Illovo - Human Capital Report 2014/15 - page 9

Percentage company expenditure per employee benefit category, excluding contributions to
retirement funds
This expenditure is equivalent to 11% of total employee compensation
As part of our commitment towards social upliftment, our estates embrace community-based educational
activities, extending from pre-school through to secondary school levels. This includes support for local
projects to upgrade schools, such as classroom-building, and to provide assistance to improve school
administration and management. In many instances, these entities are funded entirely by Illovo.
Retirement funding schemes
In addition to the benefits of legislated national retirement funds, we offer membership of a number of
provident and defined contribution pension funds. Elected employee trustees represent the interests of
members and assist with the prudent management of the various funds. The benefits associated with our
retirement schemes include, inter alia, retirement, death, disability, funeral, critical illness and life
insurance.
Employee share purchase schemes
A share purchase scheme provides assistance to employees of our South African and Swaziland
businesses to purchase shares in the company, providing them with the opportunity to share directly in
the continued profitability and growth of the business. A separate share purchase scheme operates in
relation to our listed subsidiary in Malawi for the employees of that company.
37%
31%
10%
13%
9%
2014/15 ‐ R288.8 million
Accommodation
Health care
Education
Environmental
Community/Other
49%
30%
11%
7%
3%
2013/14 ‐ R245.0 million
Accommodation
Health care
Education
Community/Other
Environmental
1,2,3,4,5,6,7,8 10,11,12,13,14,15,16,17
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