sustainability
BBBEE
GPI
From a black economic empowerment perspective GPI has impeccable credentials.
GPI was assessed by the SERA BEE Verification Agency in October 2009, and awarded an overall BEE rating of Level 1 (with a score of more than 100%)
BEE Verification Certificate October 2009 PDFCorporate social development and enterprise development are conducted through the investments that GPI has significant influence over.
SunWest
GPI is SunWest’s biggest local stakeholder in so far as shareholder empowerment is concerned and now owns an effective stake of 33,52% in SunWest, which is in line with what was intended in terms of the original bid, which secured the licence. GPI now has 6 000 direct shareholders. These shareholders took their savings and invested them in GPI and over the years these shareholders have seen a phenomenal growth in their investment. GPI now holds more than 50% of the SunWest voting shares and will use this position of strength to ensure that shareholder empowerment continues to be maximised over the long term. With the benefits of the regulated gaming environment now firmly entrenched through the elimination of the black or unregulated market and the achievement of secure tax revenues, the only remaining variable, which still requires some effort, is the empowerment of previously marginalised communities, as shareholders in the gaming industry. In this regard GPI’s continued participation in the benefits flowing from the activities of SunWest is of paramount importance to SunWest and its sustainability strategy. It is for this reason that GPI has managed to achieve a BEE lock-in of between 25% and 35% of its share capital until at least 2012.