OUR OUTLOOK AND ANCILLARY INFORMATION

Challenges, Uncertainties and Disruptive Factors FY25

OUR OUTLOOK AND ANCILLARY INFORMATION

Challenges, Uncertainties and Disruptive Factors FY25

Human Capital

Strategic Priority

Fit-for-purpose workplace and workforce

  • Drive a performance culture in SANBS with differential reward based on performance
  • Attraction and retention of critical employees
  • Driving a culture improvement programme
  • Cross functional teamwork
  • Invest in employee and leadership development
  • Reskilling of employees and preparation to adapt to Digitisation & AI with a clearly defined learning strategy through SANBS’ Academy
  • Wellness – holistic health and wellbeing to achieve requisite balance
  • Change resilience – new systems and processes
  • Succession planning

Challenges, Uncertainties and Disruptive Factors

  • Skills shortages (especially nursing and Biomedical technologists)
  • Work-life balance and potential burnout
  • Filling vacancies
  • Loss of critical employees
  • Consequences of macroeconomic environment and rising cost of living
  • Labour requirements

Mitigating Factors/Opportunities

  • Leadership diversity and inclusion awareness
  • Structured change management framework and dedicated change management resources
  • Culture/change initiative (DNA)
  • Improve wellness – physical, mental, and financial well-being of employees
  • Revise employee value proposition to attract and retain critical employees; including dual career streams, identifying promotional opportunities, flexible pay (eg reduced contributions to funds)
  • Revamped reward strategy
  • Streamlined recruitment processes
  • Effective talent management and succession planning
  • Strategic workforce planning
  • Driving an ethical culture through implementation of the Ethics Plan
  • Cross functional team to resolve labour demands
  • HCM technology integration through implementing SAP success factors

Risks

Materiality Matters

Intellectual Capital

Strategic Priority

Fit-for-purpose workplace and workforce, stakeholder engagement and partnership, supply chain (logistics, stores, inventory)

  • Reskilling of employees and preparation to adapt to Digitisation & AI with a clearly defined learning strategy through SANBS’ RAD Academy
  • Development, commercialisation and delivery of cellular therapies
  • Translational Research - To be an internationally recognised research unit known for innovation and collaboration
  • Enhance brand advocacy
  • Integrity of information management systems
  • Commitment to the highest ethical standards

Challenges, Uncertainties and Disruptive Factors

  • Adapting to and embracing digital transformation, mindful of information and cyber risks
  • Increasing technological advancements requiring an appropriately skilled workforce
  • Future-proofing SANBS
  • Public trust

Mitigating Factors/Opportunities

  • Revised Target Operating Model
  • Creating “future fit” employees, a SANBS employee who is agile and adaptive to the new way of work
  • Dual career pathway implementation
  • Robust Information Management Security systems
  • Research and development – involvement in clinical trials and funding grants/ cellular therapies and genetic testing therapy
  • Research and operational collaborations with key local and international stakeholders
  • Research and development through SANBS’ RAD Academy
  • Expanding our footprint and targets for whole blood, source plasma and platelet collections
  • Innovating with regards to logistics with further rollout of smart fridges and the drone project
  • Dedicated ethics committee and ethics help desk

Risks

Materiality Matters