BROAD-BASED BLACK ECONOMIC EMPOWERMENT (B-BBEE) POLICY

THE NATIONAL DEBT REVIEW CENTER (NDRC)

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:

REGULATORY FRAMEWORK

Legislative Framework

• Broad-Based Black Economic Empowerment Act 53 of 2003, as amended by Act 46 of 2013
• Companies Act 71 of 2008
• Skills Development Act 97 of 1998
• Employment Equity Act 55 of 1998
• Preferential Procurement Policy Framework Act 5 of 2000

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)

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

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

POLICY REVIEW

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

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.