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Benefits for South African Donors
B-BBEE Socio-Economic Development; Connect Network is a B-BBEE compliant Socio-Economic Development (SED) initiative. The BEE Codes encourages business to contribute to the SED of South African black people. Businesses can achieve 5 points on their BEE scorecard through investing or donating money, time or goods to qualifying black beneficiaries. To achieve the full 5 points on the SED element of BEE business have to contribute 1% of their total net profit after tax towards these qualifying black beneficiaries.
Investments in, or donations to qualifying projects or programs where more than 75% of its beneficiaries are black can be claimed towards the 1% target. As such, Alternative Prosperity provides business with credible verified projects that enables the investor to claim points towards its BEE scorecard.
Claim your tax back
Connect Network is a registered section 18A company which means that individuals and companies can receive a tax back certificate.
Contact [email protected] for further information or if you wish to earn your SED points.