Socio-Economic Development (SED)

Socio-Economic Development (SED)

Socio-Economic Development (SED)

Spoudazo Enterprises has a wide range of Social Economic Development (SED) projectsaimed at uplifting and empowering disadvantaged individuals.  We offer the opportunity for entities to earn B-BBEE points by investing a mere 1% of your annual net profit after tax on any of Spoudazo’s SED projects. This investment can be made either in time, services or money contributed, and is worth 5 points for a Qualifying Small Enterprise (QSE) and 5 points for a Generic Company in their B-BBEE scorecards. SED counts 5 points only for both QSE & Generic in the New Codes.

Spoudazo went through the process to verify our beneficiaries by LDSW Incorporated, an accredited B-BBEEverification agency. We can confirm that more than 75% of our beneficiaries are black people as defined in the Codes of Good Practice on B-BBEE. Entities can therefore claim 100% of any contribution made to Spoudazo as Socio-Economic Development contributions towards its B-BBEE compliance. Spoudazo also offer the benefit that all donations are tax deductible when we issue your company with a pre-numbered section 18A receipt.

Companies could gain immensely by channeling investment towards Spoudazo’s SED initiatives, not only by earning valuable B-BBEE points, but also from a tax- and marketing perspective as explained above

Socio-economic Development (SED) is one of the five elements of the B-BBEE scorecard.  SED focuses on the extent to which an organization carries out initiatives intended to uplift the previously disadvantaged society of South-Africa that currently still falls outside of the income earning bracket.

All contributors will be furnished with the required documentation that will enable them to claim points on their B-BBEE scorecard for your SED contribution. Should, the turnover of the donor be R5 million – R35 million per annum, 5 points on the SED scorecard will be awarded for both QSE’s & Generics in the New Codes.

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