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Why diversity and inclusion matters at RMA

Diversity and inclusion are a priority for most South African organisations, especially if we consider the socio-political context of the country in which the legacy of exclusion is still prevalent. Although approximately 60% of South African companies were compliant with B-BBEE codes as of 2017, the pace of diversity and inclusion in the workplace is still considerably slow. RMA’s Social Impact Strategy aims to address these issues and create a welcoming work environment for all.

Our 3 main initiatives for driving diversity and inclusion at RMA include:

  • Organisation Culture Initiatives
  • Transformation Initiatives
  • Other RMA Employee Related Initiatives

RMA recognises that a diverse and inclusive company culture creates a motivated workforce with a deep passion for servicing customers. As a result of our ongoing commitment to diversity and inclusion, 81% of RMA’s Board members are black, with 26% of them being black South African women.

How to promote diversity and inclusion in the workplace

Promoting diversity and inclusion in the workplace means all the company policies and environment are conducive to people of any race, gender, religion, class or ability. Many organisations heavily rely on B-BBEE compliance as their main driver for transformation. While this is a promising start, building a diverse and inclusive company requires a detailed internal strategy, potentially including diversity and inclusion training.

RMA’s detailed internal strategy involves creating an inclusive and enabling environment by setting up a forum for employees to voice concerns over employment equity. This creates a safe space for all members of staff to share their opinions and suggestions on how to improve diversity and fairness in the workplace.

Building a diverse and inclusive company is also an advantageous business opportunity. These days, most stakeholders and investors strive to collaborate with ethical companies that recognise their corporate social responsibility.

The Social Impact Strategy & Corporate Social Responsibility

RMA’s Social Impact Strategy is designed to promote economic growth, empower marginalised communities, and alleviate poverty in South Africa. It serves as a definitive plan with measurable outcomes, ensuring that we can make an immediate social impact. The Social Impact Strategy consists of 5 key pillars:

  • Responsible Investing
  • Entrepreneurship
  • Financial Education & Inclusion
  • Innovative Skills Development
  • Diversity & Inclusion

RMA’s key stakeholders include:

  • Customers
  • Employees
  • Investors
  • Communities
  • Regulators and Government
  • Intermediaries (brokers and healthcare workers providing services on behalf of RMA
Financial Education & Inclusion Entrepreneurship Innovative Skills Development Responsible Investing

Award-winning personal finance coach, Mapalo Makhu, ran a successful financial education campaign for RMA.

R58 million in funding has been contributed by RMA to supplier and enterprise development in South Africa.

More than 250 persons with disabilities benefit from the Vocational Rehabilitation Programme that forms part of our skills development initiative.

RMA will contribute R125 million over a period of 10 years to responsible investment in South African businesses.

Learn more about RMA’s Social Impact Strategy and projects by downloading our digital magazine.

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