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THE

BEECHAMBER

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NEWS

CLAIMING SOCIO-ECONOMIC PROJECT CONTRIBUTIONS



A ‘Socio-Economic Project Contribution’ is defined in Schedule 1, Part 2 as follows: “Monetary or non-monetary contributions carried out for the benefit of any projects approved for this purpose by any organ of state or sectors including, without limitation:

a) projects focusing on environmental conservation, awareness, education and waste management; and

b) projects targeting infrastructural development or reconstruction in underdeveloped areas, rural communities or geographic locations identified in the government's integrated sustainable rural development or urban renewal programmes;

c) new projects promoting beneficiation.”


Q | What process should an organ of state follow for project approval for Socio-Economic Contributions? In addition, does the Department of Trade, Industry and Competition (dtic) have a policy or guidelines for recognising a project as a contribution?


Following a legal opinion from state law advisors, "the process of approving a project for Socio-Economic Development purposes is separately regulated.” How is the process of approving a project for Socio-Economic development purposes separately regulated within organs of state?


A | Approval in the form of a letter on an official letterhead signed by the representative of the organ of state is sufficient for the acceptance of any of the projects listed under the definition of ‘Socio-Economic Project Contributions'. Projects should meet the descriptions provided in the definition and supporting Socio-Economic Development evidence should be submitted. Therefore, the dtic cannot prescribe processes to any department, as requested in the second part of this query.


Socio-Economic Development Services are on hand to assist organisations claiming project contributions.

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