We’ve got the TELKOM scorecard
Finally, after years of nagging, we’ve now got the TELKOM scorecard. They finally issued a verified scorecard on 8th October 2009. Their score is a rather poor level 5. Their ownership points are 7.24, management 11 – full marks. Employment equity is 7.86 – less than half the points available. Skills development is 10.48 which means they are making an effort to train their staff. Procurement is good at 18.19 pints which means they are making a big effort to deal with compliant suppliers. Enterprise development is 0- showing that they are giving their suppliers a hard time by demanding compliancy, but making no effort to assist those very enterprises that do need help. Worse, socio-economic development is 3.8 out of 5 showing that they spend less than the 1% industry norm on their CSI activities.
Normally I praise any company for making any effort towards transformation, but I expect more of TELKOM. It took ages for them to issue a certificate, ostensibly because of their difficulty in identifying their shareholders, but assured us they were compliant in other ways. To push procurement at the expense of enterprise development is not a good strategy. and to care so little for their community that they do not reach targets on SED is unforgivable. It should be remembered that both ED and SED are based on cumulative spend since 2007, so it is likely that TELKOM has never met targets on both those items for that past 2 years, and to reach targets in 2010 will be that much harder.