Results 1 to 7 of 7

Thread: Environmentally and Socially Responsible Business Finance

  1. #1
    Junior Member
    Join Date
    Apr 2010
    Location
    Durban
    Posts
    10
    Thanks
    1
    Thanked 1 Time in 1 Post

    Environmentally and Socially Responsible Business Finance

    Did you know that GroFin chooses to follow a sustainability policy that assists in the development of SMEs in a environmentally and socially responsible way.

    Applicants are required to acknowledge that they are not involved in the following activities, which form part of GroFin’s Prohibited Activity list:

    1. forced labour or child labour
    2. activities that are illegal
    3. weapons and munitions
    4. significant activity in tobacco or related products
    5. significant activity in alcoholic beverages (excluding beer and wine)
    6. pornography or prostitution
    7. significant activity in gambling
    8. endangered wildlife
    9. radioactive materials (excluding medical equipment)
    10. unbonded asbestos fibres
    11. cross-border trade in waste
    12. logging operations in primary tropical moist forest.
    13. polychlorinated biphenyls (found in oil filled capacitors, transformers and switchgear before 1985)
    14. pharmaceuticals subject to international phase outs or bans
    15. pesticides/herbicides subject to international phase outs or bans
    16. ozone-depleting substances (ODS) and other hazardous substances subject to international phase-outs or bans
    17. hazardous chemicals
    18. drift net fishing
    19. degradation of critical habitats
    20. racist and anti-democratic media
    21. significant alteration of any critical cultural heritage
    22. relocation of indigenous peoples from traditional or customary lands
    23. speculative real estate development
    24. production or activities that impinge on indigenous peoples’ land, without full documented consent of such peoples

    GroFin does offer term loans from 3 to 5 years from R500 000 to R7 million.

    Our business is growing your business!!

  2. #2
    Diamond Member AndyD's Avatar
    Join Date
    Jan 2010
    Location
    Cape Town
    Posts
    4,403
    Thanks
    513
    Thanked 854 Times in 687 Posts
    Quote Originally Posted by Gary Simmonds View Post
    1. forced labour or child labour
    2. activities that are illegal
    3. weapons and munitions
    4. significant activity in tobacco or related products
    5. significant activity in alcoholic beverages (excluding beer and wine)
    6. pornography or prostitution
    7. significant activity in gambling
    8. endangered wildlife
    9. radioactive materials (excluding medical equipment)
    10. unbonded asbestos fibres
    11. cross-border trade in waste
    12. logging operations in primary tropical moist forest.
    13. polychlorinated biphenyls (found in oil filled capacitors, transformers and switchgear before 1985)
    14. pharmaceuticals subject to international phase outs or bans
    15. pesticides/herbicides subject to international phase outs or bans
    16. ozone-depleting substances (ODS) and other hazardous substances subject to international phase-outs or bans
    17. hazardous chemicals
    18. drift net fishing
    19. degradation of critical habitats
    20. racist and anti-democratic media
    21. significant alteration of any critical cultural heritage
    22. relocation of indigenous peoples from traditional or customary lands
    23. speculative real estate development
    24. production or activities that impinge on indigenous peoples’ land, without full documented consent of such peoples
    Many of the activities cited are already against the laws of the country. Many of the remaining activities are open to wide interpretations. I'm not really convinced this would make a company any more environmentally socially responsible. Can you explain further please? How do you vet the loan applicants to ensure they conform to these rules?
    _______________________________________________
    I am special and so is Vanash.
    _______________________________________________

  3. #3
    Diamond Member adrianh's Avatar
    Join Date
    Mar 2010
    Location
    Cape Town
    Posts
    5,089
    Thanks
    336
    Thanked 808 Times in 642 Posts

    Talking

    Oh well, that counts me out from getting a loan from you then!
    How easily someone is offended is directly proportional to how stupid they are.
    ~GS Elevator

  4. #4
    Diamond Member AndyD's Avatar
    Join Date
    Jan 2010
    Location
    Cape Town
    Posts
    4,403
    Thanks
    513
    Thanked 854 Times in 687 Posts
    Asbestos roof sheets Adrian?
    _______________________________________________
    I am special and so is Vanash.
    _______________________________________________

  5. #5
    Diamond Member adrianh's Avatar
    Join Date
    Mar 2010
    Location
    Cape Town
    Posts
    5,089
    Thanks
    336
    Thanked 808 Times in 642 Posts
    1. forced labour or child labour
    The wife has to cook and the children have to do their homework.

    5. significant activity in alcoholic beverages (excluding beer and wine)
    These guys have it in for Jack Daniels.

    7. significant activity in gambling
    I use South African roads everyday.

    11. cross-border trade in waste
    I supply Namibia with Proudly South African products.

    18. drift net fishing
    I drift around bars and cast my net while I trawl for girls.

    20. racist and anti-democratic media
    I have been know to blurt out "Malema is a twat" on more than one occasion.

    24. production or activities that impinge on indigenous peoples’ land, without full documented consent of such peoples
    I own land in Cape Town that was appropriated from the natives when Jan Van Riebeek got here.

    So as you can see I am totally up the proverbial sludge creek!
    How easily someone is offended is directly proportional to how stupid they are.
    ~GS Elevator

  6. #6
    Site Caretaker Dave A's Avatar
    Join Date
    May 2006
    Location
    Durban, South Africa
    Posts
    20,979
    Thanks
    3,055
    Thanked 2,462 Times in 2,067 Posts
    Blog Entries
    12


    At least you can still be "counter-revolutionary"
    As long as that isn't anti-democratic...

    Isn't being revolutionary in a democratic society anti-democratic?

    Man, this politically correct stuff is difficult
    The trouble with opportunity is it normally comes dressed up as work.

  7. #7
    Gold Member Martinco's Avatar
    Join Date
    Oct 2008
    Location
    Rustenburg
    Posts
    927
    Thanks
    175
    Thanked 136 Times in 108 Posts
    Certainly looks as though Gary left himself wide open, but hey guys, I think he is serious !
    Martin Coetzee
    Supplier of Stainless Steel Band and Buckle and various fastening systems. Steel, Plastic, Galvanized, PET and Poly woven.
    We solve your fastening problems.
    www.straptite.com

    You may never know what results will come from your actions, but if you do nothing, there will be no results... Rudy Malan 05/03/2011

Did you like this article? Share it with your favourite social network.

Did you like this article? Share it with your favourite social network.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •