The objective of this element is to assist, equip or make resources available to beneficiaries so that they can be absorbed into the economy as an active participant.
The full description of the elements is:
Paragraph 3.2.1 of the BBBEE Code Series 700 Measurement of Socio Economic Development Element states; 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.
We assist clients by:
- Advising them on how much they need to contribute
- Drawing up the necessary agreements in order to comply with the documentation requirements
- Find suitable beneficiaries
- Ensure that their contributions reach the nominated beneficiaries
We have a preferred beneficiaries that we recommend if the clients have not identified suitable beneficiary:
Let us assist you with your Socio Economic Development initiatives.