Page 230 - SAMRC Annual Report 2024-2025

AUDIT COMMITTEE REPORT

We are pleased to present our report for the financial year ended March 31, 2025.

Audit committee members and attendance

The audit committee consists of the members listed hereunder and should meet at least 4 times per annum as
per its approved terms of reference. During the year 2025, 5 meetings were held. The unaudited annual financial
statements were reviewed and discussed at a meeting held on 29 May 2025.

Name of member Number of meetings attended
Ms D Dondur 5
Prof T. Mavundla 4
Prof E. Mukwevho 5
Prof T. Naledi 4
Dr M. Madikizela 5
Ms J Williams 5
Mr J Watson 5

Ms Doris Dondur
Chairperson of the Audit Committee
South African Medical Research Council
31 August 2025

B-BBEE COMPLIANCE PERFORMANCE INFORMATION

The following table has been completed in accordance with the compliance to the BBBEE requirements of the
BBBEE Act of 2013 and as determined by the Department of Trade, Industry and Competition.

Has the Department/Public Entity applied any relevant Code of Good Practice
(B-BBEE Certificate Levels 1 – 8) with regards to the following:
Discussion
Response (include a discussion on your response and indicate what
Criteria Yes/No measures have been taken to comply)
Determining qualification criteria for the issuing No Not Applicable
of licences, concessions or other authorisations in
respect of economic activity in terms of any law?
Developing and implementing a preferential Yes The SAMRC complies with the Preferential Procurement
procurement policy? Regulations of 2022
Determining qualification criteria for the sale of No Not Applicable
state-owned enterprises?
Developing criteria for entering into partnerships No Any Public-Private Partnership (PPP) that the SAMRC may enter
with the private sector? into will be in line with the Treasury Regulations. However,
SAMRC receives some funding from the private sector, and
these funds do not constitute PPP
Determining criteria for the awarding of incentives, No However, two of the indicators of Programme 4 address
grants and investment schemes in support of the issue of capacitating black/historically disadvantaged
Broad Based Black Economic Empowerment? individuals

228 SAMRC ANNUAL REPOR T 2024-25