B-BBEE Policy

BROAD-BASED BLACK ECONOMIC EMPOWERMENT (B-BBEE) POLICY FOR THE NATIONAL DEBT REVIEW CENTER

POLICY TITLE

Broad-Based Black Economic Empowerment (B-BBEE) Policy.

FIELD OF APPLICATION

All staff, management, and stakeholders involved in operations, procurement, and enterprise development.

COMPLIANCE OFFICERS

Director: Transformation & Compliance (Monitoring and Evaluation) – Sibabalwe Dakana
B-BBEE Officer – Sibabalwe Dakana

STAKEHOLDER CONSULTATION

Internal management, relevant line managers, and staff representatives have been consulted during policy formulation and revisions.

POLICY OWNER

Designation: Director: Transformation & Compliance

Name: Sibabalwe Dakana

POLICY HISTORY

Decision Date	Status	Implementation Date	Approving Authority	Resolution Number	Policy Doc No	Next Review Date
30/07/2025	New	Immediately	Board of Directors	NDRC-BBEE-2025	D/001/25	30/07/2026

PREAMBLE

At The National Debt Review Center, we believe that true business success is rooted in inclusive growth and meaningful empowerment. Our Broad-Based Black Economic Empowerment (B-BBEE) policy reflects our commitment to redressing historical inequalities and creating lasting economic opportunities for Black South Africans.

This policy aligns with:

The B-BBEE Act No. 53 of 2003, as amended;
The Codes of Good Practice, Section 9(1);
National objectives for equitable economic participation.

Our aim is to redress historical inequalities and foster broad-based empowerment while enhancing our operational integrity and compliance.

DEFINITIONS

For the purpose of this policy, the following definitions apply:

Black People: Africans, Coloureds, Indians, and Chinese South Africans as defined by the B-BBEE Act.

Black Youth: Black South Africans aged 18–35, eligible for targeted empowerment initiatives.

Black Disabled: Black South Africans with a verified disability, as defined by the Employment Equity Act.

Black Unemployed: Black South Africans registered with government employment services and actively seeking work.

Broad-Based Black Economic Empowerment (B-BBEE): The economic empowerment of all Black people, including women, workers, youth, people living with disabilities, and people living in rural areas, through integrated socio-economic strategies such as:

Increasing Black ownership and management participation
Skills development and training programmes
Preferential procurement from Black-owned enterprises
Enterprise development and socio-economic contributions

Exempted Micro Enterprise (EME): A company with an annual total revenue of R10 million or less, qualifying for simplified B-BBEE recognition.

Professional Services – Debt Review: Services offered by NDRC, including:

Comprehensive financial assessments of clients’ debt obligations
Negotiation with credit providers for affordable repayment arrangements
Legal protection under the National Credit Act for clients under debt review
Consolidated debt repayment management
Ongoing client support and financial guidance

Preferential Procurement: Procurement from suppliers who are B-BBEE compliant, including QSEs and EMEs, with a preference for Black-owned and Black women-owned businesses.

Enterprise Development: Strategic support, investment, and mentorship provided by NDRC to Black-owned enterprises, particularly youth-owned businesses, to increase sustainable economic participation.

Socio-Economic Development: Initiatives by NDRC to support communities, including financial contributions, skills development, and other programmes that advance the socio-economic welfare of disadvantaged groups.

B-BBEE Affidavit Verification: The sworn affidavit confirming NDRC’s B-BBEE status, valid for 12 months from the date of signing by a Commissioner of Oaths.

Inclusive Economic Growth: The outcome of all NDRC B-BBEE initiatives, reflecting equitable economic participation of Black South Africans.

REGULATORY FRAMEWORK

Legislative Framework

Institutional Policy Framework

This policy should be read in conjunction with:

NDRC Corporate Governance Charter
Internal Procurement Policy
Skills Development and Training Policy
Privacy Policy
Protection of Personal Information Policy
Employee Policies

OBJECTIVES

The objectives of this policy are to:

Integrate B-BBEE principles into all business processes.
Define roles and responsibilities for compliance, monitoring, and reporting.
Ensure strategic engagement with Black Youth and other designated groups.
Promote equitable procurement and enterprise development.
Monitor, evaluate, and report progress regularly.
Ensure transparency, ethics, and compliance with all legislative and industry standards.
Expand meaningful participation of Black South Africans across all areas of our business.
Build diversity in ownership, management, and skilled occupations within our sector.
Focus on youth empowerment to create sustainable long-term impact.
Maintain alignment with B-BBEE legislation, Codes of Good Practice, and evolving regulations.
Ensure our practices are ethical, verifiable, and accountable to all stakeholders.

PRINCIPLES / VALUES / PHILOSOPHY

Equality: Fair treatment and access for all stakeholders.
Inclusivity: Integrating empowerment in all operations.
Shared Responsibility: Collective ownership of transformation goals.
Transparency: Ethical business and verifiable B-BBEE practices.
Sustainable Empowerment: Focused on measurable long-term impact.

SCOPE

Applies to all NDRC staff, management, contractors, and stakeholders engaged in operations, procurement, enterprise development, or professional services.

RESPONSIBILITIES

Compliance Officers

Monitor B-BBEE implementation.
Ensure all procurement and enterprise development aligns with B-BBEE objectives.
Prepare annual reports and submissions for verification.

Line Managers

Implement B-BBEE strategies within their departments.
Report progress semi-annually.
Recommend adjustments to meet empowerment objectives.

B-BBEE STATUS

The National Debt Review Center – B-BBEE Status Table (EME)

B-BBEE Element	Weighting (Points)	NDRC Application / Notes
Ownership & Control	25	100% Black Owned, 100% Black Youth Ownership. Full economic participation vested in Black individuals.
Management & Leadership	15	Senior management and directors reflect Black ownership and control; policies in place to promote leadership opportunities internally.
Skills Development	20	Structured internal training and mentorship for staff; focus on Black youth financial literacy and debt counselling skills.
Preferential Procurement	20	Procurement strategy prioritises B-BBEE compliant suppliers, especially Black-owned service providers within professional and operational services.
Enterprise Development	10	Support initiatives for small Black-owned enterprises, particularly in the debt review ecosystem.
Socio-Economic Development	10	Community initiatives, educational workshops, and financial empowerment programmes targeting historically disadvantaged groups.

Total Points: 100
Annual Revenue: R10,000,000 or less → confirms EME status.
B-BBEE Level: Level One (135% procurement recognition).

Our Level One B-BBEE EME Status

We are a Level One B-BBEE contributor (135% procurement recognition) and a registered Exempted Micro Enterprise (EME). This status represents the highest level of compliance and empowerment, demonstrating our leadership in transformative business practices.

Annual total revenue for the financial year ending 28 February 2025: R10,000,000 or less, confirming our EME status.
Fully aligned with the B-BBEE Codes of Good Practice (Section 9(1), B-BBEE Act No. 53 of 2003, as amended by Act No. 46 of 2013).

IMPLEMENTATION

Integrate B-BBEE objectives into operational and strategic plans.
Budget allocation for empowerment initiatives.
Use internal committees for oversight and alignment with policy objectives.

REPORTING & MONITORING

Annual B-BBEE report submitted by line managers to the Director: Transformation & Compliance.
Verified annually by a Commissioner of Oaths or accredited verification agency.
Semi-annual internal progress reviews.

B-BBEE AFFIDAVIT VERIFICATION & TRANSPARENCY

B-BBEE status formally affirmed by a sworn affidavit, valid 12 months from signing.
All initiatives, procurement spend, and enterprise development efforts documented for auditing and tender purposes.

Our B-BBEE status is verified via a sworn affidavit, valid for 12 months from the date of signing by a Commissioner of Oaths. We are committed to ongoing verification and transparency, ensuring that our empowerment practices remain genuine, measurable, and impactful.

ANNEXURE A – B-BBEE AFFIDAVIT

POLICY REVIEW

Reviewed annually to ensure alignment with legislation, Codes of Good Practice, and best practices in B-BBEE compliance.

ANNEXURE B – SKILLS DEVELOPMENT, ENTERPRISE DEVELOPMENT & SOCIO-ECONOMIC DEVELOPMENT MATRIX

(Tailored for The National Debt Review Center & to be amended where necessary)

Element	Initiative / Programme	Description	Beneficiaries	Outcomes / Impact
Skills Development	Debt Counselling Compliance Training	Internal staff training on NCR regulations, POPIA, NCA sections relevant to debt review & removal.	NDRC administrators, consultants	Improved compliance, reduced legal risk, faster client processing.
	System Training – MyDebt Counselling System	Practical training on using in-house system for case management and consumer data handling.	NDRC employees	Increased efficiency, reduced admin errors, improved turnaround time.
	Consumer Financial Literacy Webinars	Public online sessions teaching consumers about credit health, budgeting, and debt management.	General public, debt review clients	Improved financial awareness, reduced risk of over-indebtedness.
	SEESA Accredited Skills Development Programmes	Enrolling employees in SEESA’s accredited short courses and SETA-aligned skills programmes, funded or partially funded via the Skills Development levy.	NDRC employees	Recognised qualifications, improved employability, higher productivity, B-BBEE points compliance.
Enterprise Development	Small Law Firm Partnerships	Support for small attorney practices through steady case referrals and collaborative court applications for debt review removals.	Partner law firms	Increased income for small legal practices, enhanced community legal access.
	FinTech Collaboration – My Credit Score Tool	Partnership with small tech service providers to enhance consumer credit awareness.	Partner developers, NDRC clients	Boosted exposure for small tech firms, improved client empowerment.
Socio-Economic Development	Free Debt Review Assessment Clinics	Offering free assessments to struggling consumers who cannot afford a paid consultation.	Over-indebted South Africans	Early intervention, prevention of repossessions, reduced financial distress.
	Debt Review Removal Assistance – Low Income Clients	Pro-bono or reduced-fee applications for clients in severe hardship where credit rehabilitation is crucial.	Vulnerable clients	Restored access to credit, improved quality of life.

Contact The National Debt Review Center – B-BBEE Enquiries

For enquiries regarding our B-BBEE policy or status:

Address: 36 Mangold Street, Newton Park, Gqeberha, 6045, Eastern Cape
Email: siba@ndrc.org.za
Phone: 0410125036

This policy is based on the National Debt Review Center BEE Affidavit – EME (February 2025) and is reviewed annually to reflect current performance and continued commitment to empowerment.