Enterprise development projects
(As prescribed in code 600 of the BBBEE Codes of Good practice (Government Gazette, 9 February 2007)) |
Contributions could include the following: |
| |
- Grants; investments; loans; overhead costs; developmental capital for the entity.
- Provision of training and mentoring that will assist the beneficiary entities to increase their operational and financial capacity.
- The creation or development of capacity and expertise for beneficiary entities needed to manufacture or produce goods or services previously not manufactured, produced or provided in the RSA.
|
Enterprise development Beneficiaries |
| |
- Enterprise Development Contributions consist of monetary or non-monetary, recoverable or non-recoverable contributions actually initiated and implemented in favour of beneficiary entities by a Measured Entity with the specific objective of assisting or accelerating the development, sustainability and ultimate financial and operational independence of that beneficiary. This is commonly accomplished through the expansion of those beneficiaries' financial and/or operational capacity.
- The Enterprise Development Contributions must be made to a beneficiary entity with at least 25% black ownership or black women ownership.
|