Interfront 2024 Annual Report

INTERFRONT ANNUAL REPORT 2024 B-BBEE Compliance Performance Information During the 2022/2023 financial year, Interfront, with the assistance of a specialised service provider, undertook its Broad-Based Black Economic Empowerment (B-BBEE) verification process. As a result, Interfront was rated as a Level 8 Contributor to B-BBEE. Recognising the importance of improving its B-BBEE status, Interfront is actively collaborating with the service provider to enhance its contribution level. Upon the completion of the current audit cycle, Interfront will conduct a new B-BBEE verification to measure the progress made. The outcome of this verification will provide valuable insights and benchmarks for further improvements, demonstrating Interfront’s commitment to advancing economic transformation and inclusivity within the organisation and the wider community. CRITERIA RESPONSE YES/NO DISCUSSION Determining qualification criteria for the issuing of licences, concessions or other authorisations in respect of economic activity in terms of any law? Not relevant Developing and implementing a preferential procurement policy? Yes Determining qualification criteria for the sale of state-owned enterprises? Not relevant Developing criteria for entering a partnership with the private sector? Not relevant Determining criteria for the awarding of incentives, grants and investment schemes in support of Broad-Based Black Economic Empowerment? Not relevant