Socio-Economic Development
Enterprise development, or ED, is the act of investing time and capital to help people establish, expand or improve their business. It helps people earn a living or find a way out of poverty, and leads to long-term economic growth for themselves, their families and their communities.
Enterprise and Supplier Development (ESD) is a combination of Preferential Procurement, Supplier Diversity, Supplier Development and Enterprise Development programs to service business needs. It is part of the Broad-Based Black Economic Empowerment policy to advance economic transformation in South Africa.
Broad-based black economic empowerment (BBBEE) is a government policy to advance economic transformation and enhance the economic participation of Black people (African, Coloured and Indian people who are South African citizens) in the South African economy. The purpose of BBBEE is to bridge the gap between formal and substantive equality to ensure that all people in South Africa fully enjoy the right to equality.
How Can Your Organisation Support?
WildHearts invite your organization to participate in a Broad-based Black Economic Empowerment opportunity by sponsoring a factory to contribute to Enterprise and Supplier Development. Our factories support the local community with job creation opportunities and local schools, through the distribution of pads to school girls.
Join a network of organisations transforming the lives of South African School Girls:
To learn more and speak to a member of our team, email: sales@wildheartsmb.co.za
The WildHearts Foundation Africa is a registered Public Benefit Organisation – Corporate entities can donate cash that is tax-deductible.
Donation – Tax Deduction Deal Structure
The WildHearts Foundation Africa is a registered Public Benefit Organisation – this implies that Corporate entities can donate cash that is tax deductible.
Under the South African tax law, a donation in cash from a corporate sponsor will lead to the equivalent deduction on their annual taxable portion due to be paid to the South African Revenue Services, SARS. A Section 18(A) certificate will be supplied to the corporate entities after a donation is received. This is the documentation required to submit to SARS to confirm that the tax deductible donation was received by the Public Benefit Organisation.
The donation by a corporate entity is limited to a maximum of 10% of the amount payable to SARS.
See definition of the donation allowed:
A bona fide donation is a voluntary, gratuitous gift disposed of by the donor out of liberality or generosity, where the donee is enriched and the donor impoverished. There may be no quid pro quo, no reciprocal obligations and no personal benefit for the donor. If the donee gives any consideration at all it is not a donation. The donor may not impose conditions which could enable him or any connected person in relation to himself to derive some direct or indirect benefit from the application of the donation.
