Employment Equity

The Sanlam Financial Services Group recognises the business imperatives of Employment Equity, and supports its goals and objectives.

At Sanlam we view employment equity as an integral element of our overall transformation initiative – our Group Executive Chairman has on numerous occasions stressed its business imperatives. The Group accepts the necessity to enact legislation for the removal of the economic legacies of structural inequality, and we view employment equity as an opportunity to strategically position ourselves to achieve certain business objectives. Furthermore, we believe that each individual has the right to dignity, respect and the realisation of their potential. It is in this context that the Sanlam Board of Directors commit themselves to the successful implementation of employment equity.

The goals of Sanlam's employment equity initiative are to:

• strategically position the company in a shifting macro environment;

• support the company's vision of creating a working environment that is conducive to attracting, training and retaining skilled people from all sectors of society;

• entrench an organisational culture valuing diversity and respecting the inherent dignity and worth of each individual;

• establish a diverse workforce, to best meet Sanlam's business objectives;

• broaden the company's skills base; and

• give effect to the SA Constitution, the Employment Equity Act and the Promotion of Equality Act.

By embarking on employment equity, the Group seeks to create a truly South African company, free from all forms of unfair discrimination, with equal opportunities for all and where diversity is optimised to enhance productivity.

As we operate in a country in the process of righting the wrongs of its past, Sanlam is committed to supporting and upholding the goals and objectives of employment equity. Through our own Employment Equity Policy, we strive for a free and fair business environment where there are equal opportunities for all.