top of page

THE

BEECHAMBER

Asset 4.png

NEWS

DEVELOPMENT IS MORE THAN MONEY



At times, merely making a financial contribution to an Enterprise Development or Supplier Development Beneficiary does not constitute a sustainable claim. A claim for each of these sub-elements needs evidence that demonstrates an organisation’s intervention has contributed to growth, sustainability as well as operational and financial independence.


The monetary route is one contribution option. However, other avenues are contributing an asset or upgrading equipment. In such a case, the value of the asset or the upgrade will determine the claim. It is important to note that only the asset or upgrade is a claim. A B-BBEE Rating Agency will not recognise other line items on an invoice that is not to the benefit of the Beneficiary.


When submitting a claim when granting an asset, it is irrelevant whether it is new or pre-owned, imported or locally produced.


Enterprise & Supplier Development Services are available to Members in assisting with impactful initiatives.

Comments


bottom of page