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THE

BEECHAMBER

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NEWS

FOLLOW THE MONEY | SOCIO-ECONOMIC DEVELOPMENT CONTRIBUTIONS

Many organisations choose third party facilitators to distribute their SED contributions, which the Codes allow.



However, organisations must note that, according to the Codes, the ultimate benefit needs to flow to the intended Black Beneficiaries.


The B-BBEE Commission’s SED Brochure, published in September 2019, addresses third-party facilitation of such contributions. Third party facilitators for SED contributions are usually Non-Profit Organisations (NPOs) or Public Benefit Organisations (PBOs), including Non-Profit Companies (NPCs). Such facilitators must produce either a B-BBEE Certificate or Affidavit to confirm their B-BBEE status.


NPOs, PBOs and NPCs are Specialised Enterprises for purposes of B-BBEE measurement. Their B-BBEE compliance is measured in terms of Statement 004 – otherwise known as a Specialised Scorecard.


Socio Economic Development Services are available to guide organisations in facilitating SED contributions in line with the requirements.



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