Interfront 2024 Annual Report
A B D E C GOVERNANCE Social Responsibility Interfront launched its Bursary and Graduate Internship Programme in the 2013/2014 financial year with the goal of fostering diversity both within Interfront and in the broader IT sector. This initiative provides bursaries to undergraduate and postgraduate students from designated groups, supporting their educational pursuits and promoting inclusivity. Additionally, Interfront’s Graduate Internship Programme isakeycomponent of itscommitment to social responsibility and youth development in South Africa. This programme aims to recruit young, inexperienced IT graduates and offer them comprehensive training, with the objective of retaining them as permanent employees upon completion of their internships. Through these initiatives, Interfront not only contributes to the educational and professional growth of young individuals but also strengthens the future talent pipeline in the IT sector. These programmes are integral to Interfront’s mission of driving positive social impact and fostering a diverse, skilled workforce. Audit Committee Report The Audit and Risk Committee (the Committee) is established as an independent statutory committee in terms of section 51(1)(a) of the Public Finance Management Act (PFMA), Treasury Regulation 27.1 and section 94 of the Companies Act, No. 71 of 2008 (Companies Act). The Committee functions within an approved Terms of Reference and complies with the relevant legislation, regulations and governance codes. The Committee has been combined with the SARS Audit and Risk Committee, as provided for in Treasury Regulation 27.1.2 and section 94(2) (a) of the Companies Act. The Committee submits this report for the financial year as required by Treasury Regulations 27.1.7 and 27.1.10(b) and (c) issued in terms of section 51(1)(a)(ii) and 76(4)(d) of the PFMA and section 94(7)(f) of the Companies Act.
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