Company Data
| Last traded |
R261.89 |
| Change |
R-3.11 |
| % Change |
-1.17% |
| Cumulative volume |
4.99m |
| Market cap |
R351.71bn |
Related Articles
Top Stories
May 25 2012 13:58
The costs of the first phase of the Gauteng Freeway Improvement Project have increased significantly to almost R90bn, according to a report.
May 24 2012 17:31
The Reserve Bank will maintain current interest rates, and a considerable reduction in the local petrol price is anticipated, says governor Gill Marcus.
May 25 2012 11:36
The JSE has identified and stopped "incorrect" trades from one of its members, and will reverse the trades and lower the session's total value after the close.
Johannesburg - Resources giant Anglo American [JSE:AGL] on Wednesday unveiled a new enterprise development venture that is expected to create 25 000 new jobs in up to 1 500 new businesses across South Africa over the next seven years.
The group said in a statement that the commitment is a pledge to the Business Call to Action (BCtA) - a global initiative that challenges companies to apply their core business expertise, technology and innovative spirit to tackle poverty, promote growth in developing countries and contribute to the attainment of the Millennium Development Goals (MDGs).
Anglo American is the first company from the extractive industry to have a project accepted by the BCtA.
The group's commitment to the BCtA is to establish 12 enterprise development hubs in high unemployment areas in South Africa, within the ongoing Anglo Zimele initiative.
"This venture is expected to create 25 000 new jobs in up to 1 500 new businesses across South Africa over the next seven years," Anglo American said.
The group said it would provide financing for small business start-up funds targeting the most vulnerable segments of society, in addition to providing mentoring and access to supply chain opportunities.
Looking to the future, Anglo American would also seek to further increase its enterprise development activities in Chile and Brazil.
"We are delighted that the expansion of Anglo American's long-established Anglo Zimele programme has been recognised by the Business Call to Action and we are continuing to review further opportunities to grow this successful and enormously valuable community programme," said Anglo American chief executive Cynthia Carroll.
The MDGs are eight goals that respond to the world's main development challenges to be reached by 2015.
They were adopted by 189 world leaders at the Millennium Summit in 2000 and represent a global commitment to promote poverty reduction, education, maternal health and gender equality and aim to combat child mortality, AIDS and other diseases.
Since 2008, 19 companies have developed business initiatives that contribute to the attainment of the MDGs.
"Long term economic growth is vital to the fight against global poverty and business investment is vital to building economic growth," said Helen Clark, Administrator of the United Nations Development Programme (UNDP).
- I-Net Bridge