NeT story...
The National Empowerment Trust (NeT) was established in 2006 as a non-governmental, Charitable Trust (no: IT7980/06) that focuses on sustainable Socio Economic- and Enterprise Development. NeT is registered as a Public Benefit Organization (PBO). NeT registration under Section 18A of the Income Tax Act enables donations to be exempted from donations tax, exemption reference no: 93/0023357
NeT vision...
The vision of the Trust is to create a link between the business and the social sector to empower them to play an active role in the transformation of communities through the funding and implementation of socio-economic development programmes.
NeT mission...
The mission of the Trust is to manage and allocate funding received from the business sector and other donors to organisations involved in impact-driven socio-econmic development programmes and projects.
South Africa, like the rest of the world, is faced by the harsh reality of poverty, diseases and unemployment. What could be done to reach out to people and communities to contribute towards transformation and development?
The BEE scorecard of a company is compiled according to seven codes including socio-economic development. E.g. it is expected of businesses to contribute 1% of their net profit after tax towards socio-economic development programmes or projects to score points
However, many companies do not have the human resources, time or expertise to implement and manage socio-economic development programmes or projects.
The National Empowerment Trust offers a comprehensive service to assist businesses to become involved in impact-driven programmes or projects that will contribute towards the transformation of communities.
We have extensive experience in the design, planning, implementation and management of community-directed programmes or projects, skills development and enterprise development funded by the private sector and national and international Foundations.
NeT partnership value...
We would like to assist you to become involved in sustainable programmes or projects that will not only contribute towards the transformation of communities but also ensure postive results.
NeT pre-screen projects according to the Socio-economic Development (SED) and Enterprise Development (ED) requirements of the BEE Codes of Good conduct.
NeT present turn-key solutions for corporate clients to earn maximum BEE points for their SED and ED contributions.
NeT evaluates and assets existing programmes sponsored by corporate clients.
NeT is a sound financial channel for contributions of approved projetcs.
NeT administrate and allocate received funds to approved projetcs.
NeT can issue an Article 18A certificate for donations received.
NeT issue a certificate to acknowledge your BEE contribtion through NET.
NeT give quarterly feedback to your company on the progress of the projects
Additional services:*
The service we offer, in conjunction with our suppliers, includes the identification of sustainable programmes or projects through the following process:
A feasibility study;
Programme or project design and planning;
Capacity building;
Evaluation and monitoring of implementation;
* Please contact our office for the price structure.
Businesses may select their own projects or can invest in the following projects evaluated and selected for funding by NeT. These projects must adhere to the selection criteria of NeT. As well as the BEE criteria for socio-economic development and most of the programmes or projects could also score points under enterprise development.
* Please contact our office for the price structure.
Businesses may select their own projects or can invest in the following projects evaluated and selected for funding by NeT. These projects must adhere to the selection criteria of NeT. As well as the BEE criteria for socio-economic development and most of the programmes or projects could also score points under enterprise development.
A feasibility study;
Programme or project design and planning;
Capacity building;
Evaluation and monitoring of implementation;