SOCIAL ADVANTAGE

The introduction of the Broad-based Black Economic Empowerment (B-BBEE) Act and the Department of Trade and Industry’s Codes of Good Practice are pushing South African businesses to become more involved in transformation.

However, navigating ones way through the minefield of B-BBEE legislation, let alone the specialist skills required to implement the various B-BBEE interventions is enough to convince anyone to put it off for another day.

Whilst having a broad knowledge-base of the workings and business implications of B-BB-BBEE, Social Advantage specialises in two distinct areas of the B-BBEE codes, namely Code 600, Enterprise Development, and Code 700, Socio-Economic Development, or social investment as it is more commonly known.

Social Advantage ensures that:

• Your business is working off the correct B-BBEE scorecard
• Your business makes the right Socio-Economic Development (SED) and Enterprise Development (ED) decisions
• The beneficiaries of your ED contributions are relevant to your supply chain and / or industry
• The beneficiaries of your SED contributions receive the full value and impact of your investments
• Your business is getting the deserved credit on your B-BBEE scorecard by making sure your contributions meet the relevant criteria
• Where possible, your contributions maximise the relevant bonus points and multiplier opportunities
• Your business receives specialist knowledge in planning, implementing, monitoring and reporting on Socio-Economic Development and Enterprise Development interventions
• Your business is able to completely outsource all or any part of your ED and SED interventions and feel confident that it is being expertly looked after
• Your business is able to contribute towards an independent managed portfolio fund consisting of a variety of relevant and qualifying beneficiaries

Social Advantage is a level 4 B-BBEE contributor.