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Famous Brand Ethics Essay

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A stakeholder is a person or group that has either an investment or share in a business or company. This is important for companies as money is invested into the company depending on the investors and the amount of money a shareholder has invested into the company. BBBEE stands for Broad-Based Black Economic Empowerment, this is a form of empowerment initiated by the South African government in response to criticism against based empowerment instituted in the country in 2003/2004. BEE is a necessity as unfortunately there are still racist white citizens who will not hire a black man/woman because of their skin colour instead of looking at their skills and whether or not they fit the job description. This creates equality I the workplace, and …show more content…

This is to ensure that Famous Brands governs their approach correctly with the right morals and values placed in their company as well as to ensure fair business practices. This code of ethics is applicable to all Famous Brands franchises which includes Mugg & Bean, Wimpy, Steers, Tashas, Keg, The Bread Basket, Europa, Debonairs pizza, Fishaways, Juicy Lucy, Wakaberry, and lots of others as well. CONCLUSION: It is rather difficult to compare the two, however if we take a close look into our research and compare it on those terms, Sasol definitely comes out on top. Although famous brands does check off the list in regards to the king 11 report, Sasol somehow seems to go above and beyond. This is most likely because of the two contrasting scales of business, yet still, this is what we have seen, above. I would advise investors to go via famous brands as a reputable company and invest in Sasol as a franchise. In this way, both companies gain the success they both truly deserve. Sasol is a great place to invest in, as it lends itself to sustainable development, and also encourages and complies with BBBEE laws and the KING 11

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