SDT and BBBEE
Using BBBEE as the driving force, we are able to raise the necessary funding for our beneficiaries using the following BBBEE solutions to our clients.
A company is required to spend 1% of their Net Profit after Tax on various Social Enterprise Development Beneficiaries. As we are a qualifying SED beneficiary and based on the fact that Sport is seen as a qualifying social enterprise development initiative, all funds donated to us will contribute fully to our funders BBBEE scorecard.
In terms of Ownership, a company needs to ensure that 25% of the shares are held by black people. As the SDT meets the requirements of a “Black Person”, our funding clients can look to us as a means of ensuring that they achieve the necessary points under ownership whilst at the same time feeling “comfortable” that any benefit derived by the SDT as a shareholder is being well managed and contributing to a good cause.
Businesses struggle to achieve the full points under Skills Development. However, these problems can be solved by spending the allocated funds on the SDT beneficiaries.