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Corporate Social Investment

Foskor occupies an essential part of the eco-system within which it operates. Therefore, Social Capital and Inclusive Development contributions are given attention as best as possible. The Social Capital measures implemented by Foskor includes the following:

  • Supply Chain opportunities to local businesses and communities which includes the logistics or transportation of product; hauling and maintenance services in core operations; Protection Services; and others;
  • Contribution to the education sector through school building project;
  • Allocation of our commercial properties to support SMME’s; TVET; Local Museum to preserve heritage; and accommodation of the Local Traffic Department;
  • Learnership Programmes for the unemployed youth;
  • Support to sustainable initiatives within host communities;
  • Partner with Local Municipality to implement some of the Integrated Development Plans.

The previously implemented BEE deal with Community Trusts in Phalaborwa and Richards Bay, as well as the ESSOP scheme have unfortunately not performed as per the intended objectives given the business challenges that Foskor grappled with in recent few years. Both deals are being looked into for future processes.

Better collaboration between the business; the relevant State departments; local Municipalities and community stakeholders is an urgent imperative towards materially enhancing progress in this space.

The race is on: F21 runners 

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