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In the Spotlight (2016 Highlights) Clover's vision and mission Clover at a glance Geographic footprint Group structure Our shareholders and shareholder Directorate
Introduction Chairman's report Chief Executive's report Chief Financial Officer's report Six year financial review Financial highlights
Overview of Clover's value creation Clover's business model CLOVER'S WAY FORWARD Way better value creation Clover's Timeline Clover's future value creation philosophy Strategy
Report on governance, risk and compliance Clover's risk universe King III Index Report of the Remuneration Committee Remuneration policy Remuneration mix Approach to executive remuneration Approach to non-executive director's remuneration Legacy scheme SARs issues
Six capital report Human capital Natural capital Manufactured capital Intellectual capital Social and relationship capital Financial capital Combined Assurance
Audit and risk committee report Approval of the financial statement Certificate by Company Secretary Independent Auditor's report Directors' report Consolidated statement of comprehensive income Consolidated statement of financial position Consolidated statement of changes in equity Consolidated statement of cash flows Notes to the consolidated financial statements Notes 1 - 10 Notes 11 - 20 Notes 21 - 30 Notes 31 - 34 Abbreviations Definitions
  • Clover's better way story and the shape of clover
  • Business review
  • How clover creates value
  • Governance, risk and compliance, and remuneration reports
  • Ethical operations – reporting on the 6 capitals
  • Annual financial statements
  •   BACK
  • In the Spotlight (2016 Highlights)
  • Clover's vision and mission
  • Clover at a glance
  • Geographic footprint
  • Group structure
  • Our shareholders and shareholder
  • Directorate
  •   BACK
  • Introduction
  • Chairman's report
  • Chief Executive's report
  • Chief Financial Officer's report
  • Six year financial review
  • Financial highlights
  •   BACK
  • Overview of Clover's value creation
  • Clover's business model
  • CLOVER'S WAY FORWARD
  • Way better value creation
  • Clover's Timeline
  • Clover's future value creation philosophy
  • Strategy
  •   BACK
  • Report on governance, risk and compliance
  • Clover's risk universe
  • King III Index
  • Report of the Remuneration Committee
  • Remuneration policy
  • Remuneration mix
  • Approach to executive remuneration
  • Approach to non-executive director's remuneration
  • Legacy scheme SARs issues
  •   BACK
  • Six capital report
  • Human capital
  • Natural capital
  • Manufactured capital
  • Intellectual capital
  • Social and relationship capital
  • Financial capital
  • Combined Assurance
  •   BACK
  • Audit and risk committee report
  • Approval of the financial statement
  • Certificate by Company Secretary
  • Independent Auditor's report
  • Directors' report
  • Consolidated statement of comprehensive income
  • Consolidated statement of financial position
  • Consolidated statement of changes in equity
  • Consolidated statement of cash flows
  • Notes to the consolidated financial statements
  • Notes 1 - 10
  • Notes 11 - 20
  • Notes 21 - 30
  • Notes 31 - 34
  • Abbreviations
  • Definitions

Ethical operations – reporting on the 6 capitals

  • Six capital report
  • Human capital
  • Natural capital
  • Manufactured capital
  • Intellectual capital
  • Social and relationship capital
  • Financial capital
  • Combined Assurance

Social and relationship capital

Clover Mama Afrika

Good corporate citizenship

Mama Afrika

Good business also means being accountable for our legal, ethical and economic responsibilities. Clover works to provide the profitability our shareholders expect, while aiming to improve the quality of life in the communities where we operate.

The Clover Mama Afrika Trust commenced 12 years ago, in 2004. Since then, Clover Mama Afrika has developed an enviable reputation as one of South Africa's most innovative, effective and sustainable corporate investment programmes, bringing tangible benefits to vulnerable people.

Clover Mama Afrika sets out to restore some of the finest African traditions into modern life, such as caring for one another, passing on skills and protecting the young, the weak and the aged, as well as HIV/Aids victims. Today, the Clover Mama Afrika project strongly emphasises assisting people in disadvantaged communities to help themselves so that they may regain their pride, establish self-sustaining livelihoods and become valuable members of their communities and to society at large.

At the heart of the programme are the carefully chosen mamas, who are already pillars of strength in their communities. Hand-picked by Clover, the mamas are outstanding community icons who empower others to also become community pillars. Clover Mama Afrika passes on essential skills such as cooking, baking, sewing, quilting, mosaic, egg laying projects, welding, hairdressing and food gardening, among others. Based on their skills, the chosen mamas receive tools, equipment and infrastructure needed to create incomes for their communities. Over the last 12 years, Clover Mama Afrika has appointed 42 Mamas to collectively care for over 15 500 children and more than 2 500 elderly people.

Value drivers of the Clover Mama Afrika initiative

  • Skills selection centres: Relevant, employable and marketable skills are aligned to the needs of each respective community to ensure that the centres become self-sustainable. After skill-training, Clover Mama Afrika provides start-up equipment to allow for immediate income generation and the passing on of skills.
  • Site improvement: Clover Mama Afrika assists communities with repairs and renovations to needed infrastructure, such as ablution facilities. Mama's require the facilities to create safe havens for their charges.
  • Monitoring and Evaluation: Clover regularly evaluates each self-help project to identify where interventions may be required to keep them on track.
  • Partners: Clover Mama Afrika should ideally partner with other organisations and individuals to most effectively embed sustainability into the fabric of South African society.

Hugely important to the success of Clover Mama Afrika is the open-hearted attitude of the programme's corporate partners and sponsors. Professor Elain Vlok, Clover's manager of Corporate Services, drives Clover Mama Afrika with passion, dedication and insight. She believes that the programme's continuing success is built on a generosity of spirit that is the very essence of Africa's Ubuntu concept, which means “I am what I am because of who we all are''.

Blue chip partners that contribute to the success of Clover Mama Afrika and co-fund 40% of its expenses include the:

  • HCI Foundation
  • Eqstra Flexi Fleet
  • MiX Telematics.

Sustainable impact of Clover Mama Afrika

Skills training  Clover Mamas/
members trained 2015 
Clover Mamas/
members trained 2016 
Operating Clover Mama Afrika centres
2015 
Operating Clover Mama Afrika centres
2016 
Skills transferred to fellow community members
2015 
Skills transferred to fellow community members
2016 
Employed members earning wages/
salaries as reported 2015 
Employed members earning wages/
salaries as reported 2016 
Sewing  115  121  26  22  1 707  1 757  60  61 
Bread Baking Project  577  695  24  23  1 880  2 005  98  98 
Cooking & Baking  84  97  22  21  970  1 072  53  53 
Food Gardens  557  557  21  16  744  775  40  39 
Quilting  48  50  13  13  333  345  18  18 
Crochet/Knitting  28  28  16  14  570  569  15  15 
Hairdressing  27  32  4  4  118  141  17  17 
Pottery/New Earth pottery  1  1/6  1  1  20  24  3  3 
Egg farming  12  14  3  4  45  42  9  6 
Flower Arrangement  41  41  13  10  576  579  15  15 
Beadwork  21  21  15  11  338  359  22  22 

 

ADDED VALUE SKILLS

Skills training  Clover Mamas/
members trained 2015 
Clover Mamas/
members trained 2016 
Operating Clover Mama Afrika centres
2015 
Operating Clover Mama Afrika centres
2016 
Skills transferred to fellow community members
2015 
Skills transferred to fellow community members
2016 
Employed members earning wages/
salaries as reported 2015 
Employed members earning wages/
salaries as reported 2016 
Art/Mosaic  40/0  40/7  23  21/11  574  618  17  17 
Welding  8  9  7  5  0  24  0  0 
Mobile phones/Save a Child  79/0  79/175  36/0  13/26  0  0  0  0 
Basic Admin/Finance  45  49  27  27  0  0  0  0 
Totals  1 683  2 022  7 875  9 089  367  364 

* Food gardens feed over 6000 members per day.

Clover Mama Afrika is an award winning example of sustainable and effective corporate social investment (CSI) that is making a real difference to the lives of many needy South Africans.

In this period of review, Clover received the maximum score under the Socio-Economic Development element of the B-BBEE balanced scorecard.

Clover remains committed to supporting Clover Mama Afrika.

Charitable givings

Record of sponsorship and charitable givings

Clover's sponsorship budget for the period under review was submitted and approved by executive management, which takes responsibility for tracking, accounting and reporting to our Social and Ethics Committee on all Clover's sponsorships, donations and charitable givings. Each business unit maintains the documentation to enable transparent reporting. Clover provides sponsorships to earn brand awareness, corporate identity or consumer loyalty that is aligned with Clover's vision and mission. The accompanying table lists Clover's contributions to the Clover Mama Afrika project:

Record of Sponsorships and Charitable Givings (CMA)

2015  2016 
Education/Training/Skills Development  2 867 070  2 747 337 
Infrastructure Development  1 458 855  849 101 
Other charitable givings  869 461  995 467 
Donation of Clover Products
(gifts in kind)
95 588  606 889 

Awards

Clover Mama Afrika has won prestigious awards since the inception of the project:

Please click on the image to see enlarged version.

PAST, PRESENT AND FUTURE OF CLOVER MAMA AFRIKA

 

Please click on the image to see enlarged version.

Governing stakeholder relationships/consumer relationships

Clover actively engaged with all our stakeholders throughout the year under review. We have identified and prioritised our material stakeholders and evaluated their interests.

As part of risk management, Clover considers how to engage with each recognised stakeholder group. Our most significant stakeholders are those that can materially influence the attainment of Clover's strategic objectives. These groups or individuals can be affected by Clover's actions and operations or their operations can materially impact on Clover's operations.

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downloads
Integrated Report
Annual Financial Statements
PRODUCT GALLERY
AGM

Date: Monday, 28 November 2016 at 10am
Venue: Clover Headquarters
 Notice to AGM
  Proxy

CONTACT

Head Office
200 Constantia Drive, Constantia Kloof,
1709, Johannesburg
Tel: +27 (0)11 471 1400

downloads
Integrated Report
Annual Financial Statements
PRODUCT GALLERY
AGM

Date: Monday, 28 November 2016 at 10am
Venue: Clover Headquarters
 Notice to AGM
  Proxy

CONTACT

Head Office
200 Constantia Drive, Constantia Kloof,
1709, Johannesburg
Tel: +27 (0)11 471 1400

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Disclaimer
 
Copyright Clover Limited 2016
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Disclaimer   Copyright Clover Limited 2016