It is that time of the year when companies have to evaluate their profit margins, tax calculations and B-BBEE scorecards. Spoudazo Enterprises Trust offers the opportunity for entities to earn B-BBEE points by investing a mere 1% of their annual net profit after tax on any of Spoudazo’s Socio-economic Development (SED) projects. This investment can be made either in time, services or monetary contributions.
SED is one of the five elements on the B-BBEE scorecard. SED focus on the extent to which an organization carries out initiatives intended to uplift the previously disadvantaged society of South-Africa (who currently still falls outside of the minimum income bracket). Companies could benefit immensely by channelling investment towards Spoudazo’s SED initiatives - not only by earning valuable B-BBEE points, but also from a tax- and marketing perspective.
We also offer enterprise development opportunities. Aside from helping to set up businesses and alleviate unemployment, there are significant tax benefits and B-BBEE scorecard points that may be earned by companies investing in the enterprise development. All contributors will be furnished with the required documentation that will enable you to claim points on your B-BBEE scorecard for your ED contribution.