PwC is committed to transformation and recognises that it's not about numbers but about meaningful development of our people.
PwC is committed to transformation and recognises that transformation is not about numbers but about meaningful development of our people.
The firm recognises that Transformation is an economic imperative and it is not only essential to the growth of the firm but also of the South African economy.
We endeavour to transform the South African economy to enable the meaningful participation of Black people, Women, and Rural communities in the mainstream of the economy in a manner that has a positive impact on employment, income redistribution, structural readjustment and economic growth.
PwC continues to engage with emerging black accounting firms on audit jobs in order for skills transfer to take place.
Over the past 12 years, PwC has qualified the largest number of CA’s, from historically disadvantaged communities, a recognition that has been recognised by the Association for Advancement of Black Accountants of South Africa (ABASA).
To ensure the sustainability of the firm and the accounting profession, PwC have a strong commitment to bursary sponsorship. PwC spent over R20.6 million last financial year on bursaries, 75% of which went towards assisting over 600 students from historically disadvantaged communities.
Our Enterprise Development spend is in excess of R25,000,000 a year, exceeding the CA Charter requirement.
The objective of the codes is to advance economic transformation and promote the economic participation of black people. Enterprise & Supplier Development is not merely a combination of Enterprise Development and Preferential Procurement , but sets our to increase the promotion of black-owned and black women-owned businesses with 51% and 30% black ownership respectively.
PwC continues to engage with emerging black accounting firms on audit jobs in order for skills transfer to take place and economic empowerment to prevail, whenever possible. The firm is also involved with a number of organisations that aim to advance black development in South Africa. These include firms such as the BSSA and Faranani – a PwC initiative which focuses on rural women development.
Mamoroke Lehobye is a Black South African Female, qualified Chartered Accountant CA(SA) whom owns a private company called MyCFO (Pty) Ltd based in Soweto, Johannesburg. Our involvement to date is to assist her practice from an enterprise development perspective to provide resources on a secondment basis. Assist her and some of her clients with advisory consulting services. Make available our internal resources, Design Studio, Printing etc. as and when needed. Invite and involve her in our internal training etc.
MyCFO has assisted with the UJ Soweto Conference (Dr Richard Maponya Annual Entrepreneurial Conference) in making herself available as a skilled volunteer and have assisted one of our new PCS clients called Gradesmatch with access to funding through the existing relationships.
The relationship to date has been nothing but mutually beneficial and we envisage great opportunities going forward.
We strive to be a transformed firm that represents the demographics of South Africa, and also to create an environment that will enable growth and economic empowerment for all. We have developed our procurement policy to take into account the current business dynamics.
67.58% of our total discretionary expenditure is channelled towards organisations that are socially responsible and embrace the objectives of black economic empowerment.
Partner , PwC South Africa
Tel: +27 (0)11 797 5490