LEGAL COMPLIANCE

PURPOSE
This policy is to ensure that Isabella Jewellers & Refiners (Pty) Ltd follows relevant laws, regulations and
business rules. There are two requirements for Isabella Jewellers & Refiners (Pty) Ltd to be compliant with
the law, first its policies need to be consistent with the law. Second, its policies need to be complete with
respect to the law.
POLICY STATEMENT
Isabella Jewellers & Refiners (Pty) Ltd is committed to ensuring compliance with:

• • All applicable legal and regulatory obligations; Our own core policies; and Our contractual
    obligations with third parties.
    SCOPE
    This policy applies to all relevant members at every level. Isabella Jewellers & Refiners (Pty) Ltd
    respects applicable law, including international law, and requires its employees and business
    partners to do likewise.
    GENERAL PRINCIPALS
    Failure to understand and act within appropriate legal boundaries can result in a number of negative
    consequences, including customer dissatisfaction, ineffective allocation of resources, missed business
    opportunities, failed business ventures, negative publicity, penalties and damages, litigation and the
    potential loss of customers.
    This Policy will be managed by the Management and the Compliance Officer. The Compliance Officer will
    be responsible for ensuring that Isabella Jewellers & Refiners (Pty) Ltd Staff are given appropriate
    information and training to assist them to comply with legal, regulatory and policy obligations. All Isabella
    Jewellers & Refiners (Pty) Ltd employees are accountable for ensuring they understand and use relevant
    processes and tools (including training) to ensure compliance and adherence to all applicable laws.

• • PURPOSE

• • This policy is to ensure that Isabella Jewellers & Refiners (Pty) Ltd follows relevant laws, regulations and

• • business rules. There are two requirements for Isabella Jewellers & Refiners (Pty) Ltd to be compliant with

• • the law, first its policies need to be consistent with the law. Second, its policies need to be complete with

• • respect to the law.

• • POLICY STATEMENT

• • Isabella Jewellers & Refiners (Pty) Ltd is committed to ensuring compliance with:

• • All applicable legal and regulatory obligations; Our own core policies; and Our contractual
    obligations with third parties.
    SCOPE
    This policy applies to all relevant members at every level. Isabella Jewellers & Refiners (Pty) Ltd
    respects applicable law, including international law, and requires its employees and business
    partners to do likewise.
    GENERAL PRINCIPALS
    Failure to understand and act within appropriate legal boundaries can result in a number of negative
    consequences, including customer dissatisfaction, ineffective allocation of resources, missed business
    opportunities, failed business ventures, negative publicity, penalties and damages, litigation and the
    potential loss of customers.
    This Policy will be managed by the Management and the Compliance Officer. The Compliance Officer will
    be responsible for ensuring that Isabella Jewellers & Refiners (Pty) Ltd Staff are given appropriate
    information and training to assist them to comply with legal, regulatory and policy obligations. All Isabella
    Jewellers & Refiners (Pty) Ltd employees are accountable for ensuring they understand and use relevant
    processes and tools (including training) to ensure compliance and adherence to all applicable laws.
  • COMPLIANCE LAWS & ACTS
  • Isabella Jewellers & Refiners (Pty) Ltd have identified the following Laws as being applicable to its activities
  • and is fully committed to compliance to them. All these are embodied in various SA legislation
  • documentation.
  • • Bribery and facilitation payments.
  • • Money Laundering and finance of terrorism.
  • • Corruption, smuggling, embezzlement, fraud, racketeering, transfer pricing and tax evasion.
  • • Trading practices and consumer rights.
  • • Human Rights.
  • • Child Labour.
  • • Employment terms and conditions.
  • • Occupational Health & Safety Environmental Management.
  • • Community and Social Impact Consumer Health safety and environmental information.
  • • Competition Laws.
  • The Organization will stay up to date with all relevant Acts and communicate any relevant changes to
  • employees. Isabella Jewellers & Refiners (Pty) Ltd makes use of a consultants Pinnacle SHEQ
  • Consultants for legal updates and evaluation of compliance audits. These acts will include:
  • • Employment Tax Incentive Act Financial Intelligence CentreAct.
  • • Income Tax Act National Credit Act Statistics SA Act Value Added TaxAct.
  • • Basic Conditions of Employment Act.
  • • Compensation of occupational injuries & diseases Act.
  • • Employment Equity Act.
  • • Labour Relations Act Occupational Health & Safety Act.
  • • Skills Development Act.
  • • Unemployment Insurance Act.
  • • Disaster Management Act.
  • • Protection for Harassment Act.
  • • 2nd Hand Goods Act.
  • • Older Persons Act BBBEE Act.
  • • Companies Act.
  • • Consumer Protection Act.
  • • Counterfeit Goods Act.
  • • National Environmental Act.
  • • Management National Environmental Waste Act.
  • It is the employee’s responsibility to contact management should he / she have any queries. Employees
  • are invited to comment on this policy and suggest ways in which it might be improved. Comments,
  • suggestions and queries should be addressed to line Management.