Socio-Economic Development

Our B-BBEE Contribution

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:

Socio-Economic Development

The Siyazisiza Trust has been supporting social-economic development for over 30 years, with the objective of facilitating income generating activities for targeted beneficiaries. Under the SED element, companies can make contributions to the Trust as monetary or non-monetary (services).

As a Public Benefit Organisation with Section 18A Status, companies making monetary or asset donations under this category would be able to obtain the double benefit of an 18A deduction (up to 10% taxable income) as well as the relevant B-BBEE points.

For Socio-Economic Development, companies have to spend 1% of their net profit after tax per annum, to receive up to five points on their B-BBEE score card.