CSI (Corporate Social Investment)

Preamble

Letshego Group is committed to occupying an impactful role as a socially responsible corporate citizen. This commitment is rooted in a deep moral conviction and is driven by prudent business sustainability practice and reinforced by our corporate values. In this context we have embraced a variety of socially responsible business practices which include a commitment to pro-actively invest in the social development needs of the countries in which we operate. On an annual basis the Groups gives back to the community through its CSI 1% of its Group profit after tax.

Letshego Group CSI Objective

Letshego’s approach to Corporate Social Investment (CSI) is underpinned by the view that we must achieve a pragmatic balance between meeting the developmental needs of the society whilst simultaneously deriving value for our business. In this context our primary CSI objectives will be to;

• Make a relevant and notable contribution to the social development agenda in the areas of education, culture and arts, welfare and poverty alleviations, environment and HIV/AIDS sectors where our primary criteria for success will be the real difference that we have made in the lives of the beneficiaries that we assist.

• Nurture a reputation amongst our stakeholders for being a compassionate organization that is playing its part in the up-liftment of the poor and disadvantaged in Africa.

Finally, Letshego Group recognises that it is not a social development expert and the Group will therefore where possible outsource its CSI involvement, via the mechanism of financial and/or in-kind grant making, to organizations with credible social development and governance track records. In such instances the Holding company and /or its subsidiaries ensures regular, accurate and transparent feedback reporting by beneficiaries of such grants.

Scope

Priority will be given to communities within which we operate NGOs programmes and events which would be in line with Letshego Group Code of Ethics as well as key programmes and action plans aimed at supporting Letshego key strategic issues.

Areas of focus

• Entrepreneurship and Small Business Development
• Sport development at grass roots level
• Cultural development
• Environment
• Welfare and Poverty Alleviation
• Employee Involvement (volunteer work in any of the above focus areas).
• Music and Art
• HIV/AIDS