How we can help you achieve your B-BBEE scorecard points
In line with the revised B-BBEE criteria, Learn to Earn's projects offer a number of mutually beneficial partnership opportunities. Other LtE business synergies
|Your company's B-BBEE element||
|Potential synergy with Learn to Earn|
|Ownership||Company's ownership structure and/or participation (including voting rights and economic interests) in a board-based ownership scheme.||25 (priority element)||
Broad-based shareholding options available from 2016. In 2015, LtE has commenced a restructuring process to register the organisation as part of a broad-based Trust, with the same NPO PBO status as until now. The Trust representation (ito race & gender) structure, exceeds the prescribed minimums. The Learn to Earn Trust (IT) number was finalized at the end of July 2016, with various ownership solutions available to your company. Going forward, all income generating projects within Learn to Earn will be incorporated under Learn to Earn Development Enterprise (Pty) Ltd, Level 1 Enterprise Development company (100% owned by the broad-based Learn to Earn Trust).
Examples of possible application: if a measured entity transfers (for example) 10% of their shares to Learn to Earn Development Enterprise (Pty) Ltd, they will receive recognition for these transferred shares on all of the sub-elements of Ownership.
|Skills Development||Training of own staff AND/OR training and subsequent placement of (unemployed) targeted beneficiaries||
20 + 5 bonus points (priority element)
Expenditure: estimated as total 6% of payroll (skills levies)
Learn to Earn is an accredited training organisation meeting all relevant requirements with the Education, Training & Development SETA.
Majority of other LtE’s training interventions are short skills courses, geared to get the unemployed person economically active in a short space of time. When training is offered in a commercial setting, the already employed, entry-level employee is given an opportunity to improve their skill set.
Examples of possible application: through contributing towards the skills training for the unemployed, formal & informal training scorecard requirements can be met, together with training offered to selected own/existing employees (as relevant). Additional points available for training and subsequent employment of previously unemployed people, as per target specific EAP demographic requirements.
|Enterprise and Supplier Development||
Developing black-owned businesses (empowering suppliers) with the end objective of bringing them into the company’s supply chain.
Contribution can consist of both monetary or non-monetary contributions.
|40 + 4 bonus points (priority element)||
LtE is well-positioned both now and into the future, to assist your company to contribute towards the revised BBBEE scorecard (Enterprise & Supplier Development) requirements.
All income generating projects within Learn to Earn are incorporated under Learn to Earn Development Enterprise (Pty) Ltd, an Enterprise Development company (100% Black owned and 33% Black female owned). This BBBEE Level 1 Black owned EME qualifies as both Enterprise and Supplier Development beneficiary, offering a range of products including Ground UP Business (corporate & mobile coffee solutions) and consulting services.
|Socio-Economic Development||Monetary or non-monetary contributions to NPO's facilitating income generating activites for targeted beneficiaries||5||
Tax deductible financial or product contribution (as per Section 18A of the Income Tax Act) to LtE's training programmes for the unemployed across range of market-relevant courses.
|Management Control||Employment equity representation within your company’s board /management levels||15 + 4 bonus points||LtE’s integrated occupational training programme can equip already employed individuals, and ensure that their skills-set improves to enable upward mobility within the Measured Entity.
Examples of possible application:
A customized training programme may be designed in line with client specifications and offered externally to a designated group of staff (for example, customer service training) thus allowing progression over time from unskilled or semi-skilled, to skilled employees.
In summary: partnership with the Learn to Earn Group can provide your company with a comprehensive, simple and meaningful way of improving the company's B-BBEE scorecard.
Learn to Earn’s beneficiary base (SED) is audited once a year by a SANAS accredited agency. A separate legal opinion of AQRate Verification Services (Dec2016), verifying the LtE Group structure is available upon request, as is LtE Pty Ltd’s current BBBEE affidavit.
Benefits to corporate/business partners include:
- Meaningful B-BBEE scorecard contribution
- Being a registered Non-profit and Public Benefit Organisation means that quantifiable (invoiced) product or financial donations to LtE Trust, from within 10% of your company’s gross annual income, are tax deductible
- Marketing opportunities for example, through branding of sponsored mobile barista units, implying further return on your social and marketing/PR investment
- Opportunity to broaden the recruitment pool for your company’s entry level vacancies
- Various staff involvement opportunities
Typical donations (SED or ED) procedure:
Please reference each transaction accordingly (name of the company + the purpose of donation (SED or ED). An official thank you letter / receipt will be issued within a month of the donation received, together with a B-BBEE (beneficiary confirmation) letter. Tax certificates are usually issued after the end of financial year in which the donation was made.
Account name: Learn to Earn
Account number: 450 151 424
Swift code: ABSA ZAJJ
NPO Certificate - Number 005-073
PBO Number - 930065993