Social and Ethics Committee Review

The Committee is responsible for meeting its statutory duties in terms of Regulation 43 of the Companies Act and monitoring and reviewing Massmart’s performance as a responsible corporate citizen.

NN Gwagwa Chairman of the Social and Ethics Committee

BOARD MEMBERS

BOARD STATUS

MEMBER SINCE

ATTENDANCE

NN Gwagwa (Chairman)

Independent Non-Executive Director

1 November 2006

3/3

S Muigai

Non-Independent Non-Executive Director

26 May 2017

3/3

MW Slape

Executive Director

1 September 2019

3/3

Prof De Jongh

Independent permanent invitee

20 November 2011

3/3

We have oversight of Massmart’s efforts towards supporting small local manufacturers; socioeconomic development; responsible sourcing; efforts to minimise its environmental footprint and its contribution to society through employment, skills development and a responsible tax policy

What kept our Social and Ethics Committee busy in 2020 and what will keep it busy in 2021 and beyond:

The focus of the Committee in 2020

Reviewed and assessed Massmart’s response to the social impact of the Covid-19 pandemic and the consequent lockdowns
Considered South Africa’s regulatory, political, environmental and social landscape and its implications for Massmart and the retail sector
Monitored the Group’s pay parity response strategies and compliance
Monitored the Group’s compliance with minimum wage legislation and applicable wage sectoral determination
Tracked the Group’s employment equity plans and progress
Monitored and assessed the Group’s progress with regard to its transformation agenda
Ensured Massmart maintains its responsible corporate citizen status
Reviewed Massmart’s relationship with key stakeholders and industry bodies to gain an understanding of Massmart’s impact on these stakeholders and their impact on Massmart
Monitored responsible Private Labour sourcing
Ensured Massmart’s continued participate in various internationally accredited governance, social and environmental indices

Our focus in 2021 and beyond

Review the possible impact on Massmart and the retail sector of South Africa’s regulatory, political, environmental and social landscape
Monitor Massmart’s performance as a responsible corporate citizen
Monitor and assess the Group’s progress with regard to transformation and review the work of the Transformation Committee
Oversight of responsible sourcing
Monitoring of Massmart’s Broad-Based Black Economic Empowerment performance
Monitored the Group’s efforts to embed and ethical culture

Dr Lulu Gwagwa
Chairman of the Social and Ethics Committee
8 April 2021