ESD Solution

LEADING B-BBEE SERVICE PROVIDER FOR MAXIMUM BEE SCORECARD POINTS

What is ED?

Enterprise Development is defined as “the act of investing time and capital in helping people establish, expand or improve businesses. Enterprise development helps people to earn a living; it helps them out of poverty; and it leads to long-term economic growth for themselves, their families and their communities.”

Enterprise Development is either done for
commercial reasons or positive societal change.
to see that a small company grows fast in order to maximise the return on their investment. Mostly in South Africa it is done to benefit the broader society in order to stimulate economic activity with a specific focus of Black Economic Empowerment.

In terms of the BBBEE Codes of Good Practice, Enterprise Development aims to address key challenges facing small businesses, specifically black owned entities that struggle to take their business from survivalist or micro level to a level of sustainability and profitability. Enterprise development seeks to assist and accelerate the development, sustainability and ultimate financial and operational independence of SMEs through financial and non-financial contributions made by corporates.

Enterprise Development is a Priority Element on the Amended B-BBEE Codes of Good Practice that came into effect in 2015. It is also the highest scoring element under the revised BB-BEE codes with 40 points.

We Are A Qualified Beneficiary Of ESD

Exempt Micro enterprises (Turnover less than 10 Million)
Skills development, recruitment and placement business solutions targeted at disadvantaged young people aged 18-35 years
100 % Black owned
100% Black Woman owned
Level 1 B-BBEE Scorecard
1% of NPAT ED funding to support organisational development costs .
Recognised ED beneficiary in accordance with the B-BBEE codes
Full ED points – 5 points
Potential to become credible supplier through learnership or placement solutions

SDF Solution

As it is a legislated requirement that employers of 50 or more persons constitute a fairly representative Workplace Training Committee, Skill-hub will ensure that these meetings occur and all relevant record keeping is kept – requirements needed in Skills Development Monitoring and Auditing visits.

Our primary responsibility is to ensure that clients record training expenses (both internal and external) correctly and submit the necessary documentation in order to be reimbursed Mandatory Grant by their SETA. We have two services which cater for business. The first is for clients who merely want the documentation compiled and submitted correctly the other is a turnkey service where we manage the entire process.

Our value add:

Aligning training objectives to optimise the company’s B-BBEE rating
Assisting companies to benefit from financial incentives such as ETI and SARS’s Section 12h allowance
Accessing funding for companies from their respective SETA’s
Addressing skills shortages