No business can function without a safe environment. To put it differently a business can only but prosper in a safe environment.
This is such an important but underestimated element as it is sometimes the indirect factors that make or break a business.
In the BEE context:
- Points are awarded when the company makes donations (monetary or non-monetary) to organisations such as schools, clubs, orphanages, soup kitchens, etc.
- If at least 75% of the beneficiaries of the organisation is black, the full amount of the donation is included in the BEE claim and points are awarded accordingly.
- If the black beneficiaries constitute less than 75% of the total beneficiaries, the amount of the donation is reduced proportionately and the points are also allocated proportionately.
Before blindly implementing your BEE strategy, contact us for a specialist opinion today.