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Neftaly Human Capital BEE Management Policy, Procedures, Processes, Templates, Documents and Forms NeftalyP579

Neftaly Human Capital BEE Management Policies, Procedures, Processes, Templates, Documents and Forms (NeftalyP579)

Document Code: NeftalyP579
Approved By: Neftaly Malatjie, Chief Executive Officer
Date Approved: 21 October 2025
Next Review Date: 21 October 2026
Neftaly Policy Owner: Neftaly Chief Strategic Partnership Officer (NeftalyCSPR)**

NeftalyP579-1: Neftaly CEO Neftaly Malatjie Speech on the Purpose and Rationale for Launching the Neftaly Human Capital BEE Management Policy

To the Chairperson of Neftaly, all Neftaly Royal Committee, all Neftaly Royal Chiefs, and all Neftaly Human Capital,

Kgotso a ebe le lena.

Today, we launch the Neftaly Human Capital BEE Management Policy (NeftalyP579), a critical framework guiding Neftaly’s commitment to empowerment, inclusivity, and equitable economic participation.

At Neftaly, transformation is not only a legislative compliance requirement — it is a moral and strategic imperative that aligns with our values of justice, equality, and sustainable development. This Neftaly Policy is designed to ensure that every aspect of our Human Capital, partnerships, procurement, enterprise development, and skills investment actively contributes to the realization of Broad-Based Black Economic Empowerment (B-BBEE) across all Neftaly programmes and affiliated entities.

This Neftaly Policy also demonstrates Neftaly’s responsibility as a Royal Institution that leads by example, ensuring that empowerment is embedded in the daily practices of all Neftaly Human Capital Officers, Royal Directors, and partners.

Through structured Neftaly procedures, detailed Neftaly templates, and transparent documentation processes, this policy aims to support both internal compliance and national transformation objectives.

My message shall end here.

Neftaly Malatjie | Chief Executive Officer | Neftaly

NeftalyP579-2: Neftaly Scope

This Neftaly Policy applies to all Neftaly departments, programmes, Royal Committees, and Human Capital Officers involved in the implementation of BEE-related initiatives, reporting, and compliance activities.
It governs all Neftaly transactions and activities that influence BEE scoring, ownership structures, procurement, skills development, and enterprise or supplier development.

NeftalyP579-3: Neftaly Definitions

  • Neftaly BEE: Broad-Based Black Economic Empowerment framework implemented by Neftaly.
  • Neftaly Enterprise Development: Neftaly’s programme to support black-owned SMMEs.
  • Neftaly Skills Development: Training and learnership initiatives under Neftaly to improve employability.
  • Neftaly Ownership: Neftaly’s equity and shareholding compliance aligned with BEE codes.
  • Neftaly Preferential Procurement: Ensuring Neftaly procurement supports empowered suppliers.
  • Neftaly Verification: Annual audit and certification of Neftaly’s BEE status by accredited agencies.

NeftalyP579-4: Neftaly Objectives

  • To institutionalize BEE compliance within Neftaly operations.
  • To ensure Neftaly contributes meaningfully to national transformation goals.
  • To align Neftaly procurement, ownership, and Human Capital development with BEE Codes of Good Practice.
  • To enhance Neftaly’s reputation as a compliant, equitable, and socially responsible organization.
  • To enable Neftaly to access funding, partnerships, and procurement opportunities requiring verified BEE compliance.

NeftalyP579-5: Neftaly Roles and Responsibilities

  • Neftaly Chief Executive Officer (NeftalyCER): Final approval authority for BEE policy implementation and reporting.
  • Neftaly Chief Strategic Partnership Officer (NeftalyCSPR): Oversees Neftaly BEE compliance and partnerships.
  • Neftaly Chief Finance Officer (NeftalyCFR): Ensures Neftaly financial reporting reflects BEE compliance elements.
  • Neftaly Chief Human Capital Officer (NeftalyCHCR): Implements Neftaly skills and employment equity components.
  • Neftaly Royal Committee: Monitors and evaluates BEE performance and compliance status.
  • Neftaly Officers and Human Capital: Responsible for supporting BEE initiatives, training, and documentation.

NeftalyP579-6: Neftaly BEE Management Procedures

NeftalyP579-6-1: Neftaly Planning and Compliance Framework

  • Develop Neftaly annual BEE strategy aligned with company goals.
  • Conduct Neftaly baseline assessment and identify priority elements (Ownership, Management Control, Skills Development, Enterprise Development, Socio-Economic Development).
  • Approve Neftaly BEE strategy through Neftaly Royal Committee.

NeftalyP579-6-2: Neftaly Ownership and Management Control

  • Maintain Neftaly records of shareholding and Royal oversight structures.
  • Update Neftaly organizational charts for compliance.
  • Submit Neftaly annual ownership verification reports.

NeftalyP579-6-3: Neftaly Skills Development

  • Implement Neftaly Learnerships, Internships, and Training aligned with BEE requirements.
  • Record training costs, outcomes, and beneficiaries.
  • Align with Neftaly Human Capital Learnership Management Policy (NeftalyP277).

NeftalyP579-6-4: Neftaly Enterprise and Supplier Development

  • Identify qualifying black-owned suppliers and SMMEs.
  • Provide Neftaly support, mentorship, and funding to such enterprises.
  • Record Neftaly enterprise development spend and support evidence.

NeftalyP579-6-5: Neftaly Preferential Procurement

  • Develop Neftaly Supplier Database prioritizing BEE-compliant vendors.
  • Evaluate suppliers based on valid BEE certificates.
  • Integrate Neftaly procurement with Neftaly Vendor Management Policy (NeftalyP508).

NeftalyP579-6-6: Neftaly Socio-Economic Development

  • Implement community development initiatives under Neftaly Charity and Neftaly Social Impact Programmes.
  • Ensure projects meet the 1% net profit target for BEE SED contributions.

NeftalyP579-6-7: Neftaly Monitoring and Verification

  • Maintain Neftaly records of all BEE elements.
  • Conduct quarterly internal Neftaly BEE audits.
  • Appoint an external BEE verification agency for certification.

NeftalyP579-7: Neftaly Templates and Documents

  1. Neftaly BEE Strategy Template
  2. Neftaly Ownership Declaration Form
  3. Neftaly Skills Development Plan
  4. Neftaly Skills Spend Record Sheet
  5. Neftaly Learnership Implementation Tracker
  6. Neftaly Enterprise Development Support Agreement
  7. Neftaly Preferential Procurement Register
  8. Neftaly Supplier Vetting Form
  9. Neftaly BEE Verification Checklist
  10. Neftaly BEE Annual Report Template

NeftalyP579-8: Neftaly Compliance Requirements

  • Broad-Based Black Economic Empowerment Act (No. 53 of 2003)
  • Codes of Good Practice on BEE
  • Neftaly Procurement and Vendor Policies
  • Neftaly Skills Development Act Compliance
  • Neftaly Learnership Management Policy (NeftalyP277)
  • Neftaly Financial Reporting and Audit Standards
  • Neftaly Records and Archival Policy

NeftalyP579-9: Neftaly Frequently Asked Questions (FAQs)

  1. What is Neftaly BEE Management?
  2. Why is Neftaly committed to BEE compliance?
  3. How does Neftaly calculate its BEE score?
  4. Who manages Neftaly’s BEE verification process?
  5. What are Neftaly’s main BEE elements?
  6. Does Neftaly support external SMMEs?
  7. How does Neftaly ensure procurement is BEE-compliant?
  8. Can Neftaly Human Capital participate in BEE training?
  9. How often is Neftaly’s BEE verification conducted?
  10. Where can I access Neftaly BEE forms and templates?

End of Neftaly Human Capital BEE Management Policies, Procedures, Processes, Templates, Documents and Forms (NeftalyP579)
Approved by: Neftaly Malatjie, Chief Executive Officer
Neftaly Policy Owner: Neftaly Chief Strategic Partnership Officer (NeftalyCSPR)