All of the Siyazisiza Trust’s beneficiaries are Black South Africans, with 83% being women and 15% are youths. We are constantly seeking partnerships, collaborations and funding opportunities to realise our vision of creating empowered local economies. The Siyazisiza Trust is a public benefit organisation in terms of Section 30 of the Income Tax Act, and receipts and accruals are exempt from income tax in terms of Section 10 (cN) of the Act.
Siyazisiza has a Level 1 QSE B-BBEE Status. Under the revised codes of good practice, companies are encouraged to help previously disadvantaged South African citizens gain sustainable access to the economy and contribute towards the development of black-owned small businesses and their access to the market.
By partnering with the Siyazisiza Trust , organisations have an opportunity to maximise their B-BBEE points on four of the five compulsory B-BBEE scorecard elements:
The revised codes of good practice also offer companies the opportunity to maximise their points for skills development. Companies who might find it difficult to achieve the skills’ development spend target can now increase their score by funding the Siyazisiza Trust’s skills development programmes for agricultural producers or the Siyazisiza Trust’s own black employees.
Skills development measures the extent to which companies carry out initiatives designed to develop the competencies of black people internally and externally.
Companies are required to spend 6% of their payroll on training. This training includes the following:
The Trust is not yet an accredited training provider, however, it does provide a range of Category F and G training, as well as mentoring in agriculture and enterprise development to its 100% black beneficiaries.