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Balancing profit, people and our planet

Media24 recognises that sustainable development is a global imperative that results in opportunities, as well as risks for business. As a leading media company, Media24 aims to position itself to meet such challenges.

As Media24 expands its business, it aims to contribute to the communities in which it operates, develop its own people, contribute to general economic prosperity, and minimise its impact on the environment.

In formulating this policy, areas in which the group can make a meaningful contribution to sustainable development in the markets in which it operates, were analysed, facilitating the integration of these aspects into day-to-day operations and the formulation of strategy.

Extract from Media24 sustainable development policy

Value added statement for the year ended 31 March 2015

  31 March
  2015
R’m
  2014
R’m
 
Revenue 8 250   8 171  
Cost of generating revenue 4 702   4 536  

Value added

3 548   3 635  
Income from investments 48   42  
Wealth created 3 596   3 677  
Value distribution:

Employees

       
Salaries, wages and benefits 2 058   2 036  

Providers of capital

258   223  
Finance cost 113   81  
Dividends paid 145   142  

Governments

       
Total tax paid 1 087   1 106  

Reinvested in the group

193   312  
Depreciation and amortisation 342   319  
Other capital items 163   (139)  
Retained earnings (312)   132  
  3 596   3 677  

Distribution of wealth

Stakeholder engagement

Media24 has a wide range of stakeholders who are partners in our business. For Media24, stakeholder engagement implies a willingness to listen, share ideas and, critically, consider changing what we aim to achieve and how we operate.

We consider stakeholders to be individuals, groups or organisations that affect or could be affected by the company’s business operations. They include, but are not limited to, our employees, shareholders, customers and industry bodies.

Why we engage How we engage
Block To remain an employer of choice that provides a safe, positive and inspiring working environment
Block To understand and respond to staff needs and concerns
Block To provide strategic direction and clarity on how staff contribute to the bigger picture
Block To retain the best talent
Block To provide leadership, training and development
Block Ongoing engagement via line management
Block Media24 CEO and divisional general manager roadshows, weekly electronic newsletters, workshops, management briefings and internal communications
Block Knowledge-sharing sessions on industry topics
Block Annual leadership conference
Block Annual staff engagement surveys
Block Investment in leadership training and development
Block To keep shareholders informed of company developments
Block Media24 is a responsible corporate citizen
Block To retain and build upon the trust placed in us
Block Media24 Holdings and Welkom Yizani annual general meetings
Block Media24 Holdings integrated annual report to Welkom Yizani shareholders
Block Media24 (www.media24.com) and Welkom Yizani (www.welkomyizani.co.za) websites
Block To gain a better understanding of our clients, their aspirations and information needs
Block To continuously deliver relevant and useful products and services to our customers
Block To improve our content offerings
Block To build our brand and encourage loyalty
Block To ensure that we maintain high service levels
Block Social media platforms
Block Focus groups and panels
Block Functions/events
Block Emails
Block Letters to editors
Block Customer service call centres
Block Customer satisfaction surveys
Block To build our strategic business partnerships
Block To partner with business associations to promote unity on common issues affecting the industry
Block To learn from best practices and share information that will benefit the industry
Block To facilitate mutually beneficial learning opportunities to influence and/or promote common issues
Block Monthly meetings with various industry bodies
Block Participation in the Print and Digital Media South Africa (PDMSA) and engagement with various organisations such as the Audit Bureau of Circulations of South Africa (ABC), the South African Advertising Research Foundation (Saarf), the South African National Editors’ Forum (Sanef), the South African Publishers Association (Pasa), the Media Development & Diversity Agency (MDDA), the Association of Independent Publishers (AIP) and the Advertising Standards Authority (ASA)
Block Novus Holdings is a member of the Print Industries Federation of Southern Africa (Pifsa) and attends international industry events to remain abreast of developments