BEE Partner, South Africa Economy Watch

Exemption from Category A and B contributions

Where contributions are made to an entity that is not a Category A or B beneficiary it is not measurable unless the contributions were made, in part, for the purpose of helping that recipient become a Category A or B beneficiary. The contributions may only be included in the measurement once the recipient has qualified as a Category A or B beneficiary. Read the rest of this entry »

Qualifying socio-economic development contributions

Socio-economic development contributions consist of monetary or non-monetary contributions actually initiated and implemented in favour of beneficiaries by a measured entity with the specific objective of facilitating sustainable access to the economy for those beneficiaries.

The contributions may be monetary based or non-monetary, such as providing training or sacrificing their employees‘ time in favour of beneficiary groups, as opposed to incurring a direct expense. The contribution must be “actually initiated and implemented“, meaning it must be exercised and paid for. Future initiatives do not count. Read the rest of this entry »