THE FOUNDATION GROUP

The original company was established as a cc in 1998, the close corporation then converted to a company in the year 2000 and the Foundation Hospitality Group (Pty) Ltd was born. The core service offering was originally the provision of flexible “casual” labour for functions and banqueting but the company quickly grew into supplying kitchen, front of house and back of house staff.

While the company may have started small with only a few clients, it quickly grew due to the hands-on approach of the owners and quickly became one of the dominant companies in Hospitality Staffing Solutions in South Africa.

The company was restructured during 2005 and 2006 in order to accommodate the need to find an effective, meaningful and realistic solution to Black Economic Empowerment, the company was renamed the Foundation Bakhulise Group (meaning- “to let them grow”) and embarked on a process of market and structural consolidation while looking for an active “Big Brother “partner that could take the company to the next level. After approximately 18 months this partner was found in the form of LSC (Labour Supply Chain).

Approval from the Competition Commission for the incorporation of the Foundation Bakhulise Group into LSC was granted during the second half of 2007. The existing management team has stayed in place with certain original shareholders retaining a stake in the business. Both parties are excited about the opportunities that are emerging through the relationship.

A FEW ACHIEVEMENTS TO DATE

• 95% client retention
• Average reduction of labour cost by 15-20% at our clients
• No CCMA or Bargaining council awards in last two years
• Zero lost days due to industrial action in 5 years
• Less than 1% difference between staff booked to staff supplied
• More than 99% accuracy in timesheet capturing and payroll
• Completion of 350 learnership projects (so far)