About us
Employee & Community trusts
The group’s mining rights are held in Seriti Power and unencumbered shareholding of 5% in the SP Employee Trust established for the benefit of employees and 5% in the Seriti Power Community Trust, established for the benefit of the members of communities adjacent to Seriti’s mining operations.
The group’s mining rights are held in Seriti Power and unencumbered shareholding of 5% in the SP Employee Trust established for the benefit of employees and 5% in the Seriti Power Community Trust, established for the benefit of the members of communities adjacent to Seriti’s mining operations.
The activities of these trusts are separate from and go beyond the requirements of the Mining Charter in addition to the activities undertaken by the mines in terms of legislation and the Social and Labour Plans (SLPs).
All permanent employees of Seriti Power share equally in any benefits distributed by the Trusts resulting from dividends received from the underlying company.
Seriti Power’s Community Trust is structured to carry out activities and projects in local communities in line with the objectives of the Community Trust. These focus on making an impact through improving access to healthcare, education, housing and basic services amongst others. Seriti consults with members of the various communities through its community consultative forums to assess what activities are required and are feasible to carry out.
Seriti, derived from Sesotho, stands for integrity.
It describes the aura cast by people as they go through life – the shadow that grows when we do good or diminishes when we misbehave. Essentially, Seriti is our reputation and our legacy.
