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Wesizwe Platinum – Building a Resilient Organisation Jacob Mothomogolo Projects Executive, Wesizwe Platinum Limited 30 October 2013. DISCLAIMER - PowerPoint PPT Presentation
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Wesizwe Platinum Building a Resilient Organisation
Jacob Mothomogolo
Projects Executive, Wesizwe Platinum Limited
30 October 2013
DISCLAIMERCertain forward-looking statements may be contained in the presentation which include, without limitation, expectations regarding metal prices, estimates of production, operating expenditure, capital expenditure and projections regarding the completion of capital projects as well as the financial position of the company. Such statements are only predictions and are subject to inherent risks and uncertainties which could cause actual values, results, performance or achievements to differ materially from those expressed, implied or projected in any forward-looking statements as a result of, among other factors, changes in economic and market conditions, changes in the regulatory environment and other business and operational risks.
No representation or warranty, express or implied, is made by Wesizwe Platinum, nor any of its subsidiaries, that the material contained in this presentation will be achieved or prove to be correct. Except for statutory liability which cannot be excluded, each of Wesizwes officers, employees and advisers expressly disclaims any responsibility for the accuracy or completeness of the material contained in this presentation and excludes all liability whatsoever (including in negligence) for any loss or damage which may be suffered by any person as a consequence of any information in this presentation or any error or omission there from. Wesizwe accepts no responsibility to update any person regarding any inaccuracy, omission or change in information in this presentation or any other information made available to a person nor any obligation to furnish the person with any further information.
CONTENTSIntroductionSituation and ConcernA requirementResilience- Resourcing- Requisite Variety- Organization and System Framework - Business Connectedness Conclusion
WHAT IS THE SITUATION? Business is the cornerstone of prosperity in society: companies create the resources that permit social development and welfare.
Who are the stakeholders of businesses: Consumers, Employees, Shareholders, Neighbours and the immediate community, Suppliers, Local authorities, EnvironmentEconomic contributions of Mines
% of GDP18%Attracts foreign investment (% of JSE)43%Tax receipts from mines13%% of electricity generation 94%Major contributor to job creation1m
MINING SITUATION Conditions/challenges using Mining as an example:
Increased input costsSocial pressures: 24.9% unemployment, violent strikesChanging political and regulatory environment Technical and financial risks (e.g., volatile exchange rate) Requisite variety is required
RESILIENCEJinchuan-CadFund investmentBakubung Platinum Mine project officially starts in July 20112 Bridging loans each of US$ 100 million Finalising US$ 650 million long-term loanAcquiring new Wesizwe head office in RivoniaIT framework infrastructure programme iin 2012ERP system commencing in 2014
QUESTIONExamples of conditions that are required:Adequate financial resources (assets, funding)Connectedness (information, other eco-systems)Expertise and leadership (mindfulness)Effective organization of systems and functions (VSM & activity theory)How can designing resilience into business ecosystems optimise customer value?
UTILITYConceptual Framework for Resilient Business Model
RESOURCING CAPITAL AND HUMANthe capacity of a system to undergo disturbance or perturbation and maintain its defining structure, functions and controls by absorbing the disturbance and reorganizing [Fletcher, Miller, and Hilbert (2006)]
the ability of a substance or object to spring back into shape; elasticity. (Dictionary definition)
the capacity to recover quickly from difficulties; toughness.(Dictionary definition)
NEW CORPORATE HEADQUARTERS FOR WESIZWE PLATINUM
REQUISITE VARIETY STAFF APPOINTMENTS IN 2012/13Chief Operating OfficerGeneral Manager MiningResident EngineerSHE ManagerSecurity ManagerITFinanceSustainabilityProcurement
NEW EMPLOYEESWesizwe utilises the full range of communication channels, both internal and external to introduce new employees into the company and to all stakeholders as part of its employee and stakeholder engagement strategies.
CHANGING LIVES THROUGH SKILLS DEVELOPMENT
CHANGING LIVES THROUGH SKILLS DEVELOPMENT (2)
BUSINESS CONNECTEDNESS
STAKEHOLDER MANAGEMENT
STAKEHOLDER MANAGEMENT (2)
CONCLUSION
Thank You
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