Improve your BEE scorecard. We offer a simple and hassle free way to claim your Enterprise Development points.
The Clothing Bank is one of the best examples of a successful Enterprise Development initiative in South Africa and is particularly well placed to support the transformation agenda. As a fully compliant Empowerdex-certified Third Party Enterprise Development Service Provider, The Clothing Bank offers a meaningful number of points on the B-BBEE scorecard under the old and new codes. Beneficiaries are 100% black South African women (previously unemployed mothers) with up to 35% being youth, and all qualify as Exempt Micro Enterprises (EMEs).
Under the current Generic Codes, 100% of Socio- economic Development (SED) qualifies as all of our beneficiaries are black South African citizens, and 125% of Enterprise Development (ED) qualifies as the black- owned enterprises are all EMEs.
Compliance with the new Codes of Good Practice is perceived to be much harder than with the current codes as the focus of Socio-economic Development (SED) has shifted towards projects that facilitate income generating activities for their beneficiaries. Changes to Enterprise Development (ED) criteria mean that ED beneficiaries will need to be a minimum of 51% black-owned EMEs and QSEs.
With the amended scorecard, The Clothing Bank can offer an attractive menu of points under:
The Clothing Bank can offer your enterprise the opportunity to significantly improve your BEE scorecard with a possible total of 41 points plus 6 bonus points.
Points Available through TCB
|Ownership||25% voting right black people||4pts|
|10% voting rights black women||2pts|
|10% economic interest with black women||2pts|
|25% of economic interest with black people||4pts|
|3% of economic interest in designated groups (youth)||3pts|
|2% of economic interest with new entrants||2pts|
|Skills Development||22.5% of black unemployed/employed in learning programme||4pts|
|6% of payroll spent on black people (internal or external) in learning||8pts|
|Number of unemployed people trained then employed||5pts (bonus)|
|Enterprise Development||1% of NPAT spend on Enterprise Development||5pts|
|Jobs created from ED Programme||1pt (bonus)|
|Socio-Economic Development||1% of NPAT spend on income generating activities||5pts|
For more information please contact Tracey Gilmore email@example.com +27 21 531 2134.