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A leading, dynamic organisation, professionally enhancing self-reliant communities

 

Social responsibility and BEE

If you need to improve your company's Broad-Based Black Economic Empowerment [B-BBEE] score, one of the most satisfying ways is by investing in the development of underprivileged people, organisations or communities.

Socio Economic Development and Enterprise Development make up two of the seven elements that companies can focus on as a means to becoming B-BBEE compliant.  In addition to the obvious social and economic benefits that arise, these two elements are often considered the ‘easier’ points to score as they do not involve the premature surrendering of ownership and management. 

Enterprise Development focuses on contributions to black owned businesses with the specific objective of assisting or accelerating their development, sustainability and ultimate financial and operational independence.  Contributions can be monetary, in the form of non-recoverable grants and recoverable investments and loans, or non-monetary, in the form of time spent coaching, training and mentoring the beneficiary business.

Socio-Economic Development refers to projects in the fields of environmental conservation; education and awareness; infrastructural and rural development; enterprise creation; healthcare and HIV/AIDS; primary, secondary and tertiary education; community training and skills development; development of women, youth, people with disabilities and people living in rural areas; and arts, cultural and sporting development programmes. 

Contributions can be monetary, in the form of grants, direct costs incurred in assisting beneficiaries and payments made to a third party such as CWD to perform SED on your behalf; or non-monetary, in the form of time spent training or mentoring beneficiary communities.  The full value of a company’s SED contributions will be recognised as long at as least 75% of the value directly benefits black people.   

Return on your CWD Investment

Supporting CWD programmes can result in your company receiving full credits for both enterprise and socio-economic development.  This means that if your company is being measured on the Generic scorecard, your 3% net profit after tax contribution towards enterprise development and your 1% net profit after tax contribution towards socio-economic development will earn you 20 points.  Assuming your company is already B-BBEE compliant, an increase by 20% will result in your company moving up at least one compliance level, if not two.

If your company is being measured on the QSE scorecard, your 2% net profit after tax contribution towards enterprise development and your 1% net profit after tax contribution towards socio-economic development will earn you 50 points.  Assuming your company is already B-BBEE compliant, this could result in your company increasing its compliance status by 5 levels.  Should your company not be compliant, these contributions alone will result in your company not only being compliant, but due to the number of points, automatically receiving a level 6 compliancy.

For further information, please e-mail jane.gallagher@cwd.org.za

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Programmes that qualify

Enterprise development:

  • CWD’s economic development programme, specifically the interventions that aim to provide seed capital, business support and mentorship to budding business owners 
  • Jobstart – which aims to unlock the potential of emerging entrepreneurs and existing micro-businesses.
  • Support and development of the women-run crèches that are part of CWD’s Early Childhood Development programme.

Socio-economic development:

  • Women in Need – which supports black destitute and homeless women and their pre-school children living on the streets of Cape Town
  • Woman Awakened – which aims to address domestic violence in disadvantaged communities around Cape Town through counselling and awareness interventions
  • Early Childhood Development – which focuses mainly on assisting women in settlements to start their own crèches
  • Masande Youth Programme – which focuses on leadership development, arts and culture and sports talents as a means to enrich the lives of disadvantaged black youth
  • Youth Unlimited programme – which provides a safe haven and life skills training for youth at risk
  • Neighbourhood Old Age Homes – which provide primary health care and shelter to black needy older people in the Western Cape
  • Jobstart – which forms part of CWD’s economic development programme – aims to assist unemployed black people with relevant skills training and job placements in the hospitality industry
  • Zanokhanyo Training Centre – which helps to bridge the gap between unskilled women and basic job opportunities through the provision of skills training and job placements


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