B-BBEE and CSI partnership
Every part of society, both the private and public sector, from NPOs to corporates, has a role to play in nation building. Common Good contributes to this important work by creating opportunities for those marginalised by injustice to truly thrive – in early life, education and employment.
We invite you to partner with us to build brighter futures for thousands of men, women and children across Cape Town.
B-BBEE BENEFITS OF PARTNERING WITH COMMON GOOD
As a registered NPO working to bring hope, skills and opportunity to the marginalised, Common Good is perfectly positioned to assist partners in meeting requirements for B-BBEE compliance in Skills Development and Socio-Economic Development.
B-BBEE presents companies with an opportunity to align skills spend with initiatives and values that are meaningful to your organisation.
We offer our partners the benefit of being able to fulfil more than one element on the scorecard, allowing organisations to better structure their contributions to achieve maximum points.
Common Good is an established and trusted partner, with robust governance and strong fiscal management. We have received clean professional audits year on year since inception and have maintained a Level 1 B-BBEE status
WE WILL WORK WITH YOU TO MAXIMIZE YOUR B-BBEE CONTRIBUTION
To optimise recognition and ensure correct allocation, Common Good is happy to work with you to achieve the maximum benefit for your company.
Contact us to find out more about B-BBEE and CSI partnerships.
Depending on the size of the organisation, enterprises are required to spend 3-6% of payroll costs on skills development. Of this, Category F and G may contribute 15%. The amended code states that beneficiaries do not have to be the entity’s employees, but can also be qualifying black people in general.
Common Good is able to assist companies seeking to maximise their points in this priority element. We work closely with our partners to ensure efficient, recognisable skills development spend that is targeted at deserving candidates in the correct demographics.
Our various initiatives equip beneficiaries with the hard and soft skills needed to flourish in all phases of life: from very early childhood, throughout school and into adulthood, as they seek to enter the job-market.
This training qualifies for Category F and G of the Skills Development code: informal, work-based training, which leads to increased understanding of work or improved performance in skills.
An entity may obtain a maximum of 5 B-BBEE points for spending 1% of net profit (after tax) on SED contributions, where 75% of the value directly benefits black people. In particular, education has been identified as a core socio-economic development initiative.
Common Good is a verified SED partner. In excess of 75% of the value of benefits accrues to black people, and therefore any SED donations are fully recognisable for this element.
Our training, development and coaching models not only meet the requirements of the law, but are also according to the spirit of the law, which places emphasis on educational activities.
As a registered NPO, we may also issue S18A tax certificates for any individual, CSI or SED donations received.
B-BBEE scores are calculated on five elements, three of which are priority elements.
Small Enterprises (with an annual turnover of R10 – R50 million) are required to qualify with two of the three priority elements, one being Ownership.
Large Entities (with an annual turnover in excess of R50 million) are required to comply with all three priority elements.
B-BBEE PRIORITY ELEMENTS
The extent to which black* people own equity in the measured entity. The target is generally 25% black ownership and the sub-minimum requirement is 40% of the target.
The financial investment an organisation makes in the skills development of black people, as a percentage of its salary bill. This includes the number of black people (employees and others) that are registered for learnerships, internships, apprenticeships, and other general skills development activities.
ENTERPRISE & SUPPLIER DEVELOPMENTS
How many goods and services are procured from BEE compliant organisations, and the contribution made towards 51% black-owned entities, both within and outside the supply chain.
The extent of control exercised by black people in daily operations, strategic decision making, board representation, financial and general management within the measured enterprise.
The investment an entity makes towards facilitating sustainable access to the economy for black people. Donations also qualify for tax benefits.
*Black is defined as Africans, Coloureds, Chinese and Indians who are South African by birth or descent; or who became citizens by naturalisation.