Transformation

STANLIB’s commitment to South Africa extends beyond its people and its offerings; we are equally committed to the development of the skills that help create capital. These include the skills of its own people, the people of partner companies and the economic empowerment of the wider community.

Ownership

In 2006, Liberty Life shareholders voted in favour of a scheme of arrangement whereby Liberty would purchase the complete shareholding in STANLIB of Standard Bank and Quantum Leap Investments. This resulted in STANLIB becoming 100% owned by Liberty Life.

 

Recruitment policy

Employment Equity (EE) is a strategic issue at STANLIB. Among key performance criteria against which senior managers and executives are measured (and rewarded) is adherence to EE policy and achievement of EE targets. STANLIB is committed to building an industry that is more representative of our country’s population.
Read more

 

Skills development - learnership programme - graduate programme

STANLIB contributes significantly towards a better educated and qualified work force by offering bursaries that cover a wide range of job related academic courses.
Read more

 

Affirmative procurement

STANLIB has a policy of favouring suppliers who are substantially owned, led and managed by Previously Disadvantaged South Africans.

One of our enterprise development initiatives, the Brokerage Empowerment Programme, strives to assist empowerment-profiled brokers in growing and sustaining their enterprises by setting aside a pool of commissions for them, to carry out stock trades or to conduct investment research. This way, a set percentage of STANLIB brokerage is constantly allocated to black-owned, led and managed brokers, and the companies involved are guaranteed a fee income stream.

 

Enterprise development

Amongst the projects that STANLIB undertakes to support the development of black-owned and led enterprises is the provision of funding for Kagiso Ventures, a private equity fund and subsidiary of Kagiso Trust Investments in which the Liberty Group holds a significant equity stake.

Another example of enterprise development is our 20% stake and investment in African Vanguard Resources, the chosen Black Economic Empowerment partner of Harmony Gold in the Doornkop South Reef expansion project. STANLIB Asset Management initially took a 20% stake in the company in August 2003. We've also developed specific products to create funding for projects and businesses that serve previously disadvantaged communities, create jobs or enhance national infrastructure.

The Liberty Group supported the creation of Wiphold, the vehicle for the empowerment of black women, and contributed to its re-engineering into an empowered financial services company.

 

BEE Certificate

STANLIB has recently completed its broad-based BEE verification. At the beginning of 2011 we put in place initiatives and strategies to improve our BEE level which have resulted in our BEE rating moving from level 4 to a level 2 as of March 2012. These include adhering to our recruitment and employment equity policy, Learning and Development initiatives, enterprise development and CSI programmes.

Our overall score of 85.18 defines STANLIB as a level two (2) contributor. This equates to a 125% Procurement Recognition Level.

It's our sincere intention to sustain this level going forward by continuing to drive our BEE and transformation agenda.

STANLIB BEE Certificate