As a group, we remain focused on transformation, developing our people and rewarding top performers. We have met our employment equity targets for top, middle and junior management, and women. We are nearing the target for the senior management category, while appointing people with disabilities remains an industrywide challenge.
Exxaro invested 6,8% of total salaries and wages or R221 million (2013: 6,5% or R200 million) on industry-related training initiatives during the year, ranging from ABET (adult basic education and training) to postgraduate studies. This training involved some 800 youth candidates, of which over 80% were historically disadvantaged South Africans (HDSAs) selected for learnerships, internships, bursaries and various skills programmes. We also have over 380 South African employees enrolled in postgraduate studies or management development programmes.
Our employee share ownership plan, Mpower 2012, paid dividends of R14 million for the 2014 financial year (2013: R11 million).