Apart from assisting companies with their BBBEE scoring Vital Consulting and Partizan (an independently owned EME and 51% Black owned BEE facilitator ) will assist to structure BBBEE programmes for Supplier, Enterprise ( ESD) and Socio Economic Development (SED) .
Companies are required to spend a fraction of their nett profit on qualifying projects in order to secure up to 20 B-BBEE points.
Supplier and Enterprise Development
To claim the full 15 points allocated to enterprise development, a potion of your Net Profit After Tax ('NPAT'), must be allocated to support small Black owned businesses that are or will become suppliers to you.
Our expertise lies in being able to advise on and assist with implementing ESD strategies by:
Identifying qualifying Black owned small busineses and start ups ,
Developing ESD programmes that qualify in terms of the Codes,
Developing and implementing incubation, training and mentoring programmes,
Assisting with sustainablilty and job creation.
Our affiliation with accredited training providers allow us to :
underpin our ESD programmes with targetted skills upliftment programmes
transfer technical and business skills and knowledge of the core business of the new venture
enhance this with an incubation period of knowledge investment, mentorship and technical and financial support.
The key principle of Socio-Economic Development (SED) is for your company to carry out initiatives that result in Black beneficiaries having sustainable access to the economy and hence reduce the poverty barrier.
Your company needs to spend 1% of your Net Profit After Tax to earn all the points available.
Costs can be direct or indirect.
Costs are sometimes tax deductable as well.
We act as a direct or third party SED facilitator/implementer. By implementing and disbursing SED benefits to training, education and other qualifying initiatives, we ensure that to your investment reached the right places and the right people and maximises your B-BBEE scoring.