CAPE TOWN – The liquor industry on Thursday signed guidelines for good business practices for South African companies operating on the African continent.
The trade and industry department said that the guidelines, signed in Cape Town, aim to encourage companies to align their involvement and practices with the South African government’s integration and development objectives on the continent and to build mutual confidence, trust, and benefit for the companies and the societies in which they operate.
The signing ceremony was witnessed by Trade and Industry Minister Dr Rob Davies, and the chairperson of Parliament’s portfolio committee on trade and industry, Joanmariae Louise Fubbs.
The companies which signed the guidelines included Distell, Heineken, Diageo, Pernod Ricard, SALBA and Vinpro.
Davies said that the signing ceremony confirmed the importance attached by both government and the liquor industry to support the development integration efforts of the continent, as well as to improve the quality of South Africa’s presence and reputation on the continent.
“In line with South Africa’s and the continent’s developmental integration ambitions, the guidelines represent a proactive initiative by the government to promote responsible business conduct and good corporate governance by the South African private sector in their business engagements in the continent.
“They are a voluntary set of principles and standards that seek to ensure that the operations of various South African businesses abroad are in compliance with the laws of the countries in which they operate; as well as aligned with and in support of government policies and the developmental approach to regional economic integration in the African continent,” Davies said.
He highlighted that the guidelines do not place any additional bureaucratic or legal obligations on companies. However, they aimed to ensure that alignment is created between the government and the private sector in engagements with the continent, particularly in advancing Africa’s developmental agenda.
The chairperson of Industry Association for Alcohol Responsibility and Education, Rico Basson, said the signing represented the alcohol industry’s commitment towards a better future for South African businesses and the communities which they operate in.
“Signing the Guidelines for Good Business Practice binds the liquor industry to a set of principles and standards that will ensure business conducted across Africa will comply with the laws of the countries in which they operate,” said Basson.
“We are committed to investing in infrastructure and boosting the local economy in the countries we operate in, and in doing so, want to ensure that we are giving back to communities. We aim to replenish the natural resources of the land and empower communities through skills development while conscious of our employees’ well-being and work environments,” he added.
– African News Agency (ANA)
ECONOMY / 28 FEBRUARY 2019, 4:00 PM/ SONGEZO NDLENDLE