Social Responsibility

HCI uses investments to fund SACTWU’s welfare programme. These funds are spent on projects and initiatives that impact on the lives of workers and their families. HCI is one of the few JSE companies with broadly based black empowerment shareholders, and HCI believes that it is critical to support all initiatives that contribute to empowerment.

During 2006, Formex Industries donated an amount of R100 000.00  to the Aids Haven, an organisation that cares for children affected by HIV/AIDS.  The company  also donated R30 000.00 to the Motherwell Soccer Association for the development of their league. A further R10 000.00 was given to the Stone Breakers Football Club for the purchase of new Soccer Kit.

In 2007 Formex Industries donated R100 000.00 each to two organisations, namely Cornerstone and Siyakhathala. Siyakhatala, which is based in Cottrell Street, Korsten, Port Elizabeth, cares for Street Boys. Cornerstone, based in Durban Road, also in Korsten, cares for orphanaged  children, children affected and infected by HIV, as well as the abused and mentally disturbed.