DRDGOLD recognises that, in order to conduct our business effectively, developing and maintaining solid and trustworthy relationships with all stakeholders is a matter of importance.
DRDGOLD therefore works diligently, and on a sustained basis, to engage with its identified stakeholders in a manner that is open and accountable, and with integrity.
DRDGOLD's primary stakeholders, our shareholders, provide the investment that underpins our business. The various other stakeholders – including employees, government, communities and organised labour – are all entities, groups or individuals that either affect – or are affected by – our business. Working closely with all groups of stakeholders at all times is central to the way in which we conduct our business and we take stakeholders into account as part of our business planning.
DRDGOLD identifies and engages with external and internal stakeholders at a number of different levels. Extensive and ongoing engagement, formal and informal, is undertaken by various disciplines and in various ways.
DRDGOLD engages on a formal and regular basis with local authorities, including the Ekurhuleni Metropolitan Municipality and the City of Johannesburg. The company regularly consults with regulatory authorities, including the DMR, the Department of Water Affairs (DWA), the Department of Environmental Affairs, the Department of Agriculture, Forestry and Fisheries and the National Nuclear Regulator.
DRDGOLD participates in a number of public groups, including the Ekurhuleni Business Forum, Blesbok Spruit Forum, Klip River Forum, Rand Water Catchment Quality Forum and Heriotdale Business Forum.
Stakeholder concerns are raised in various ways, including formal concerns or queries lodged in writing with the company. Concerns can also be raised during stakeholder forums or informal discussions. DRDGOLD responds to all concerns appropriately and timeously.
DRDGOLD's operations are located in close proximity to local communities, with resulting economic, environmental and social effects on the residents. The company therefore engages on an on-going basis with these communities through local councillors and community leadership structures.
A major priority for DRDGOLD is controlling dust emissions from tailings storage facilities. This is particularly important during winter when it is dry and the wind blows. We conduct quarterly dust monitoring feedback meeting with the relevant authorities, including local municipalities, ward councillors, business forums and interested and affected parties (I&APs) to discuss dust fall-out figures, new legislation and mitigation measures.
Before any project that might affect stakeholders begins, DRDGOLD engages in public participation processes with I&APs.
In identifying its stakeholders, DRDGOLD developed a matrix of groups/individuals that are directly and indirectly associated with the company. The main stakeholders identified by DRDGOLD, their key concerns and the process DRDGOLD follows when engaging with them, are as follows:
|Shareholders||DRDGOLD knows that the key priority of any shareholder is to maximise investment returns in a sustainable manner. The company works diligently to provide information on operating, financial and other performance in a timely and equitable manner. This is done by making the relevant announcements on the JSE's Stock Exchange News Service and the NYSE, accompanied by almost simultaneous website postings, web alerts to a database of registered users and the distribution of an explanatory press release to a second database of analysts, investors and media.|
|Employees||Relations with employees and organised labour at DRDGOLD are governed by recognition agreements and conditions of employment by legislation. The company supports the rights of all employees to freedom of association and acts in accordance with the South African Constitution, prescribed legislation, Chamber of Mines forums and recognition agreements with unions. The company encourages open communication and consultation. Conflict is dealt with as necessary in workplace forums. DRDGOLD is aware that a successful business is a sustainable business, and works conscientiously to empower its employees, and to implement programmes and job opportunities that benefit the communities in which it operates. Employees and employee representatives are briefed through formal and informal structures as needed, including a printed newsletter three times a year. Entitled Asikhulume which means "let's talk", this publication is distributed to all operations staffed by DRDGOLD employees. Copies are available at designated pick-up points and each edition is preceded by "teaser" posters – along the lines of a newspaper placard. Selected articles in each issue are typically translated into SeSotho and isiZulu, and the English articles are easy to understand.|
|Communities||DRDGOLD is committed to making a difference to the communities which surround its operations. Social and Labour Plans (SLPs) and Local Economic Development (LED) programmes are in place, and have been developed in compliance with the requirements of South African mining legislation. The company ensures that the projects and commitments it undertakes are in line with the local municipalities' integrated development plans. DRDGOLD engages on a formal and regular basis with local authorities, including the Ekurhuleni Metropolitan Municipality and the City of Johannesburg. Operational management has regular, formal and informal interaction with surrounding communities as well as formal consultations with I&APs.|
|Stakeholder group||Key concerns||Engagement process|
|Shareholders and investors||Operating and financial performance, share price performance and dividends, and issues relating to the overall sustainability of the company, particularly risk mitigation, nationalisation and safety||Annual general meetings, roadshows, one-onone investor meetings, preliminary and annual results presentations, investor site visits, company announcements, company website, annual report suite, investor roadshows|
|Employees||Job security, training and development, remuneration, health and safety, personal growth||Company policies, collective bargaining practices, team briefings, two-way manager-employee communication, Asikhulume and campaigns, including Best Life and ICAS|
|Suppliers and specialist service providers||Sustainability of company, company's financial performance, employment practices, local procurement practices, business training and support, quality control, preferential procurement practices||Company practices and policies, preferential procurement programmes, open days and dialogue|
|Government and regulating authorities||Licence to operate, employment, education and training, LED programmes, environmental impact and rehabilitation||Formal processes, participation in industry associations, SLPs, dialogue, company reports, open days and site visits|
|Communities and NGOs||LED, employment and local job creation, CSI initiatives, health issues particularly HIV/AIDS, environmental impact and rehabilitation, skills development and education programmes||Community forums, stakeholder forums – including organised labour, industry partnerships, community engagement programmes, wellness campaigns (particularly HIV/AIDS awareness), youth development programmes, dialogue, company announcements and advertising in local newspapers (including EBDA )|
|Media||Financial results, corporate activity, environmental issues, marketing, community-related topics||Company announcements, company website, online presentations, media site visits, company reports, interviews and articles in local publications|
From a human resources (HR) perspective, we will amend plans as needed provided the principles of governance and affordable sustainability are maintained.
Commitment to external initiatives
DRDGOLD is an advocacy member of the Chamber of Mines of South Africa. The Chamber is a voluntary membership, private sector employer organisation and is the principal advocate of major policy positions endorsed by mining employers. It represents members in various departments of South African national and provincial government, and other relevant policy-making and opinion-forming entities within the country and abroad. The Chamber also works closely with various employee organisations in formulating positions where appropriate.