Our strategic Game Plan
We are a forward-looking business, rooted in Africa, South Africa and fiercely proud of our heritage. Our goal is to be a bridge services delivery group that is globally respected, and that Africa can be proud of, creating all forms of solution that empowers its stakeholders.
Our AfriOne Network strategic game plan
We are proudly African and an African Initiative for the interest of all Africans within and outside our continent, and treasure our diversity, which we leverage in the service of others. Our purpose is to bring your possibilities to life. We believe everyone should have access to the transformative power of services in whatever place they find themselves. To help them plan, dream, and aspire to change their lives. We believe in possibilities, and in the actions of people who always find a way to get things done. We believe in creating opportunities for our customers and members to make their possibilities real and in supporting them every step of the way, delivering innovative solutions, technologies, and propositions to make more possible for all our customers and clients, members and shareholders, governments, regulators, business partners, suppliers, competitors, and the broader community
As a bridge service provider, we play an important role in the economic life of individuals, businesses, and nations. We help to create, grow and protect wealth through partnerships in economic development while playing a shaping role in Africa’s growth and sustainability.
Our operating environment has changed in ways we could not have predicted, necessitating reflection on our strategic stance and priorities. Our constant strategic review process made it clear that a fundamentally new strategy would not be appropriate. Considering the changing internal and external environment, we identified the following priorities:
- A diversified franchise with deliberate, market-leading growth
- The primary partner for our clients
- A digitally powered business
- A winning, talented and diverse team
- An active force for good in everything we do.
Our strategy aims to generate sustainable growth with returns in line with or better than the market. It accelerates growth, primacy, and digitization without materially altering the Group’s risk appetite. It also further elevates sustainability as a priority.
The Board believes AfriOne Network is well-positioned to deliver on its strategy, given our robust service delivery performance and strong capital and liquidity levels. While pursuing our growth strategy, we will remain mindful of the uncertain economic operating context, the lessons learned during the pandemic, and the need to hold capital at the upper end of the Board target ranges. This is evident in our capital planning and dividend policy.
OUR APPROACH TO BROAD-BASED BLACK ECONOMIC EMPOWERMENT
The AfriOne Network supports a vision of a non-racial, non-sexist democratic society creating opportunities for all people to prosper.
We are committed to using our service resources, the expertise of our people and our infrastructure to promote inclusive growth in the societies in which we operate. We aim to achieve this in a meaningful and sustainable way and do so as we simultaneously transform our own organisation. We are a values-based organisation, driving a culture of fairness and equal opportunity.
In South Africa, we embrace the principles of the Broad-Based Black Economic Empowerment (B-BBEE) Amendment Act, which serves as the basis for the Department of Trade and Industry’s Financial Sector Code (FSC).
