Sasol slipping in skills development
The energy giant is not investing enough in human capital and is cutting funding to training and its HIV/AIDS programme, write Audrey Elster and Dugan Fraser
Sasol is one of SA’s biggest employers, with a current workforce of about 30,100 people. It has reinvented itself over the years since 1950 as a multinational player with operations in 33 countries. It is a leading member of the corporate community and what it does helps set the tone for what others do. As an investor in Sasol, The Raith Foundation watches its performance in the environmental, social and governance space closely and engages with it on issues of concern. One concern: Sasol’s investment in people. At its annual meeting in 2015, concerns were raised with Sasol about the number of its employees receiving artisan training, which had dropped 46% since the preceding year. It was noted in 2015 that the number of artisans training had now increased 39%, so while it has still not reached the levels of financial 2014, there has been a significant increase. In contrast, skills shortages in 1981 caused Sasol to initiate one of the biggest training programmes launched by an indus...
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