Socio-Economic Development (SED) contributions are any monetary or non-monetary contribution implemented for individuals (natural individual or group of natural individuals) or communities, where at least 75% of the beneficiaries are classified as black people in terms of race.
SED contributions can be in the following forms:
- Grant Contributions
- Offering Discounts
- Covering overheads or direct costs
- Providing professional services at no cost
- Providing professional services at a discount rate
Our specialised partners in this section of the code ensures maximum BEE points scoring as well as ensuring that your contribution is used for the developments of communities and industries that will eventually become your future customers.