Vision and Mission Statement

Our Vision is to make a difference in South Africa through verifying transformation progress of our clients accurately to meet the objectives of
the B-BBEE Codes of Good Practice, as amended.

Our Mission is to assess, verify and validate both disclosed and undisclosed BEE related information of economic entities in order to determine
and report on their BEE status. The verification of the BEE status of economic entities is based on the principles contained in the Broad-Based
BEE Codes of Good Practice, as amended, as well as the relevant gazette, clarification notes and industry charters and sector codes. The overall
aim of BEE verification is to give confidence to all parties that rely upon the verification certificates to reflect the true and just BEE status of a
verified entity.

Confidentiality Statement

The director of Wackrill Poole Verification Services (Pty) Ltd (WPVS) make the following public statement on WPVS’s understanding of the
concept of Confidentiality and the importance thereof when carrying out our Verification activities.

Confidentiality means that in order to gain access to the privileged information that is required for WPVS to assess the B-BBEE status of a client
adequately according to the requirements for B-BBEE Verification; WPVS will keep any proprietary information about a Client confidential.
However, WPVS may by agreement disclose a Client’s actual verification result, without compromising the confidentiality of the information
supporting the verification outcome.

During the Verification Activities, WPVS may acquire knowledge of certain information, documents, material, knowledge, know-how, trade
secrets and proprietary interests concerning the Client, including but not limited to its business and strategic plans, adherence to B-BBEE
principles, financial information, technology, computer systems, licensing arrangements and other technical information concerning the Clients’
customers, financiers and suppliers, its methods of carrying on business and other confidential information which is not in the public domain
and not readily available to a competitor of the Client.

WPVS specifically agrees and undertakes as follows:

➖    that all information in relation to our clients, whether such information was gained by us prior to, during or after our Verification
          Activities, will be treated by ourselves as confidential information and will not be reproduced or disclosed to any person or
          organisation; 
➖    that we will restrict the use of the above mentioned information exclusively for our Verification Activities.  Permission to disclose any
          information about a client may only be granted once we have obtained unambiguous written permission from the client to do so;
➖    that we will maintain and uphold the confidentiality and good faith in relation to the confidential information;
➖    that we will not divulge, publish or disclose to any person, firm, company, corporation, trust or other entity whatsoever any of the
          confidential information other than the scorecard and certificate;
➖    that we will not at any time use any of the confidential information or any part or extract thereof for our own benefit or for the
          benefit of any third party other than in our Verification Activities;
➖    that we will be bound by the Confidentiality provisions contained in the Verification Agreement concluded between WPVS and
          our client;
➖    that without the written consent of the Client, no information other than the scorecard and certificate is provided to anyone outside
          the Agency.

The undertakings given by WPVS herein shall not preclude WPVS from disclosing the confidential information:

➖    to the extent that it may be obliged to do so in law, including, without limitation, any disclosure to the Department of Trade and
          Industry or to SANAS;
➖    In accordance with the disclosure requirements of any recognized stock exchange;
➖    Insofar as such disclosure is necessary for the purpose of the Verification, to its own officers, employees and professional advisers.

The undertakings given by WPVS shall not apply to any part of the confidential information which is public knowledge at the time of its
disclosure or thereafter becomes part of the public domain, otherwise than as a result of a breach by WPVS of any of its undertakings or
obligations hereunder or by its employees, officers or professional advisers.

The above Statement is made by Wackrill Poole Verification Services (Pty) Ltd in the interest of transparency and so that all our clients may be
aware of our intentions.

Statement on Impartiality

The directors of Wackrill Poole Verification Services (Pty) Ltd (WPVS) make the following public statement on WPVS’s understanding of the
concept of Impartiality and the importance thereof when managing conflicts of interest and to ensure objectivity when carrying out our
Verification Activities.

Impartiality is the actual and perceived presence of objectivity. Objectivity means that conflicts of interest do not exist or are resolved so as not
to adversely influence the activities of WPVS.

Synonyms that are useful in conveying the element of impartiality are: objectivity, independence, freedom from conflicts of interest, freedom
from bias, lack of prejudice, neutrality, fairness, open-mindedness, even-handedness, detachment and balance.
Being impartial, and being perceived to be impartial, is necessary for WPVS to be able to deliver a credible Verification Service that provides
confidence to our clients, the public and all other entities in the country.

It is recognised that the main source of revenue for WPVS is that of our Client paying for our services and that this is a potential threat to
impartiality. Our fee structure will be based upon the degree of responsibility and skill involved and the time necessarily occupied on the work,
plus the reimbursement of outlays. We will contract our fees in advance with our clients and will not allow the fact that the payment of fees by
clients to become a threat to impartiality.

In order to obtain and maintain confidence, WPVS will at all times be able to demonstrate that our decisions are based on objective evidence
and that our decisions have not been improperly influenced by other interests or by other parties.

Threats to impartiality include:

➖    Self-interest threats - threats that arise from a person or enterprise acting in their own interest, for example financial self-interest;
➖    Self-review threats - threats that arise from a person or enterprise reviewing the work done by them. For example evaluating the
          B-BBEE compliance of a Client for whom WPVS may have provided consultancy, or a staff member or director reviewing his own
          work in an appeal or complaint procedure;
➖    Familiarity (or trust) threats - threats that arise from a person or body being too familiar with or trusting towards another
          person instead of seeking and evaluating objective evidence on which to base the verification conclusion or decision;
➖    Intimidation threats - threats that arise from a person or enterprise having a perception or experience of being coerced openly or
          secretively, such as a threat to be replaced or reported to a supervisor if he does not do what the person who is coercing
          him/her wants.

The above Statement is made by Wackrill Poole Verification Services (Pty) Ltd in the interest of transparency and so that all our clients may be
aware of our intentions.
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