
Living Way and BBBEE
Broad-Based Black Economic Empowerment (BBBEE):
Enterprise Development
For companies that require BBBEE compliance, donations to Living Way can give rise to points on a BBBEE scorecard.
One of the elements used in determining a company's level of contribution towards B-BBEE is Enterprise Development.
Companies that donate up to 3% of their net profit after tax can gain points towards their B-BBEE scorecard. Smaller companies can donate up to 2%.
The government particularly encourages donations that assist or accelerate the development, sustainability and ultimate financial and operational independence of the beneficiary.
Assisting the Living Way entrepreneur development program would be a perfect way to accrue these points.
For further information about how assisting Living Way can help your level of BBBEE compliance, please contact Mike Bullock on 0861 BCUBED (0861 228233) or email him on michael@bcubed.co.za.