Social Overview

Provision of decent work and diversity are two key themes for OMAI. While 2020 was an especially challenging year, employment numbers have increased this year and are approaching 2019 levels.  Historically disadvantaged South Africans (HDSAs) represented 85% of employees. Female representation in management has increased since 2019 and is now at 40%, overall female representation has decreased, indicating continued work is needed on this front.

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32,936

Total employees as at Dec 2021

AIIM Overview

Total employment numbers have decreased slightly compared to 2020, as construction activities came to an end on a number of assets.  AIIM continues to perform well in terms of transformation, with the percentage of historically disadvantaged South Africans (HDSAs) employed at 84%.  Although overall representation of females in the workforce and management is above 20%, there is room for improvement.

11,271

Total employees as at Dec 2021

Impact Investing Overview

Total employment increased by 19% across the funds, mainly due to the increase in construction jobs reported at some HIFSA projects, as well as the construction of new Edufund schools in 2021. Historically disadvantaged South Africans (HDSAs) constituted over 50% of the workforce, and overall female management representation has also increased by some 6%.

4,530

Total employees as at Dec 2021

OMPE Overview

The impact of Covid – 19 continues to be seen across the portfolios. Overall employment across Fund IV and Fund V as at December 2021 was 17,135. While Fund V has been added to the OMPE portfolio, there has been a decrease in overall employment in Fund IV. 

With the addition of Fund V, transformation and gender representation has shifted for the OMPE portfolios. From a gender equality perspective OMPE had a 48% overall female representation in 2021 (60% in 2020). The female representation in management has shifted with the addition of the new Fund, being 36% in 2021 (45% in 2020).  From a transformation perspective, historically disadvantaged South African (HDSA) representation was 90% in 2021. HDSA female representation in management was 26%, while HDSA male representation in management was 29%.

17,135

Total employees as at Dec 2021

AIIF2

The overall number of employees and the proportion of female employees have both increased compared to 2020.  The exit of two South African assets in 2020 saw the number of historically disadvantaged South African (HDSA) females in management drop to zero however the overall representation of HDSAs is at 79%.  

3,096

Total employees as at Dec 2021

AIIF3

AIIF3 supported 4,159 jobs by the end of December 2021. From a gender perspective, overall female representation was 23%, up from 17% in 2020 and female representation in management has also increased. AIIM continues to look for opportunities to drive greater gender equality.

*Note, because there are no South African assets, data related to historically disadvantaged South Africans is not applicable for this fund.

4,159

Total employees as at Dec 2021

IDEAS

IDEAS supported 4,016 jobs by the end of December 2021. The fund has performed well from a diversity and transformation perspective showing improvements on female and HDSA representation in the workforce and at management level compared to the previous year.

4,016

Total employees as at Dec 2021

SEIIFSA

Total employment numbers decreased by 5%. Female managers account for 68% of management, with nearly half being historically disadvantaged South African (HDSA) female management.

1,514

Total employees as at Dec 2021

HIFSA

The increase of 36% in employment numbers in 2021 is a result of increased construction activity and jobs reported on some greenfields projects.

2,471

Total employees as at Dec 2021

OMRAF

The decrease of 28% in employment is a result of the completion of the development of a retirement village during the second half of 2021.

280

Total employees as at Dec 2021

FUND IV

The impact of Covid – 19 continues to be seen across the portfolio companies. There has been an overall decrease of employee numbers from December 2020 of 13,652 to 12,253 employees as December 2021. From a gender equality perspective, the fund has held steady with 59% overall female representation in 2021 (60% in 2020). The female representation in management has had a slight drop with 42% in 2021 (45% in 2020). 

The fund continues to show strong transformation, with overall representation of historically disadvantaged South Africans (HDSA) at 98% in 2021 (88% in 2020). Representation of HDSAs in management has increased, with HDSA females in management increasing from 20% in 2020 to 31% in 2021 and HDSA males in management increasing from 24% in 2020 to 28% in 2021. 

12,253

Total employees as at Dec 2021

FUND V

As at December 2021 the fund included 4,882 employees, 69% being historically disadvantaged South Africans (HDSAs). There was 14% HDSA female and 34% HDSA male representation at management level. Overall female representation was 20%, with 21% female representation in management.  

4,882

Total employees as at Dec 2021


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EDUFUND

The total employment number for Edufund refers to the construction of two schools during 2021, as well as teachers in two operational schools.

265

Total employees as at Dec 2021