BEE

NeT story...
  Social Responsibility has been a neglected part of the scorecards since BEE scorecards have been introduced. The market indicates that persons generally know what to do in terms of the scorecard optimisation but when it comes to social responsibility, very few business owners know what to do and who to forward money to.
 
For this reason, the National Empowerment Trust was established in 2006, in conjunction with like-minded corporate bodies, a trust aimed at assisting scorecard holders and interested parties alike with their BEE spending on Social and Enterprise development. The main objective of NET is to alleviate poverty, create jobs, combat crime and develop communities with the help of the funds from mainly scorecard holders, who are motivated to contribute to the cause and in the process obtain the scorecard contribution points needed
 
The National Empowerment Trust (NeT) is 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-economic 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 results.
 
  • Partnership ensures that your contribution is making a lasting and effective difference.
  • NeT offers businesses marketing and branding options.
  • Partners gain tax benefits through the NeT 18A certificate.
  • Businesses earn points on the business BEE scorecard regarding Socio - Economic and Enterprise development activities.
  • NeT will give you feedback on the allocation of funds and the progress of the project.
  • You are part of long-term sustainable solutions in South Africa.
  • Your business can make a difference in the lives of individuals and communities otherwise not possible through your daily business activities.
 

Additional services:*

The service we offer, in conjunction with our partnering organizations, 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.