Socio-Economic development projects

(As prescribed in code 700 of the BBBEE Codes of Good Practise (Government Gazette, 9 February 2007))

• Environment: Projects focusing on conservation, awareness, education and waste management (e.g. recycling of waste).
• Projects targeting infrastructural development, enterprise creation or reconstruction of underdeveloped areas: Rural communities of geographic areas identified in the governments; integrated sustainable rural development or urban renewal programmes.
• Development Programmes for women, youth, people with disabilities, people living in rural areas and other target groups (social development, economic development, life skills, etc.).
• Health: Support of health and HIV/AIDS programmes in the community (education, prevention, treatment, counselling, etc.)
• Education: Support for community education facilities; programmes at secondary and tertiary education level; bursaries and scholarships.
• Training: Community training; skills development for unemployed; adult basic education and training in communities.
• Sport, Arts & Culture: Support of development programmes; development of new talent.

• Grants; direct costs; overhead costs; developmental capital for entities.
• Provision of training and mentoring that will assist the beneficiary entities to increase their operational and financial capacity (cost of time spent by staff).
• Maintaining a socio-development unit (Only that portion of salaries and wages attributable to time spent by staff in, and the other expenses related to, promoting and implementing socio-economic development, constitute contributions).

• This refers to monetary and non-monetary contributions to beneficiaries if at least 75% of the value directly benefits black people.
• The full value of Socio-economic Development Contributions made to beneficiaries is recognisable if at least 75% of the value directly benefits black people.
• If less than 75% of the full value of social-economic Development Contributions directly benefits black people, the value of the contribution made multiplied by the percentage that benefits black people, is recognisable.