Page 24 - SETCO Report 2018-2019

Chapter 5: Transformation

MINEWORKERS INVESTMENT COMPANY

Nimble is particularly proud of our highly successful and long-term partnership
with the Mineworkers Investment Company (“MIC”) for a period of seven years.
The MIC played a very active and positive role in Nimble’s early growth - in
return Nimble delivered significant value to its stakeholders.

We concluded a share buy-back with MIC in 2015 to create a point of liquidity
for the MIC. We have retained a warm relationship with the MIC and we are
grateful for the positive contributions in our early years.

CURRENT SCORECARDS

Empowerdex have completed a B-BBEE verification on each entity based on 2017 financial figures. The
calculation of the scores has been determined in accordance with the Department of Trade and Industry’s
codes of good Practice on Broad Based Black Economic Empowerment as Gazetted on 11 October 2013.

We have taken the opportunity to align the review period of our entities to be coterminous. In this way,
Nimble’s total B-BBEE credentials can be monitored and managed more closely and cohesively.

Associates Group
Norman Bisset &

GENERIC (Pty) Ltd

SCORECARD Creditworks
(Pty) Ltd
QSE

Nimble Collection
Services (Pty) Ltd

Nimble’s subsidiaries are currently verified as follows:

Nimble Collection Services Creditworx Norman Bissett & Associates Group

Scorecard QSE GENERIC GENERIC
Ownership 25.00 5.48 0.00
Management Control 8.00 7.92 7.65
Skills Development 14.91 2.83 2.56

Enterprise & Supplier Development 9.58 10.36 11.26

Socio-economic Development 5.00 5.00 3.05
Score 62.49 31.59 24.52
Verification Level Level 7 Non-Compliant Non-Compliant

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