EARN ENTERPRISE DEVELOPMENT POINTS
The Hope Factory has assisted over 200 companies in receiving their Enterprise Development points and has developed more than 800 unemployed people over the past 10 years, of whom 76% are still financially productive.
We offer a simple, effective solution to your company's ED needs by acting as an Enterprise Development enabler and hence a conduit to the ultimate enterprise development beneficiaries.
Should you wish to make an ED contribution to The Hope Factory, please contact Dzokai. email: dzokaim@saica.co.za tel: 011 479 0638
As part of SAICA, The Hope Factory has clear governance structures and financial oversight. All money received through Enterprise Development is used solely for the development of further entrepreneurs.
ACCORDING TO THE BEE SCORECARD, COMPANIES WANTING TO RECEIVE ED POINTS NEED TO TAKE NOTE OF THE FOLLOWING CRITERIA
| Companies | QSE: Turnover > R5 million and < than R35 million |
Generic: Turnover > R35 million turnover |
| Maximum points potential that can be earned through investing with The Hope Factory |
25 | 15 |
| NPAT to be invested to earn maximum points |
2% | 3% |
POINTS FOR FURTHER INTEREST
Do I get a Section 18A Certificate?
Yes. The Hope Factory is a registered Public Beneficiary Organisation and is therefore able to issue Section 18A certificates which allows for tax deductibility of contributions by donors.
How does the VAT work?
The contributions received are not subject to VAT on condition that no benefit accrues to the donor (i.e. sponsorship for marketing).
Types of Beneficiaries
The beneficiaries to the contributions are all 100 % black owned entities, and are Exempt Micro Enterprises (EMEs). As black owned EMEs, the contributions are weighted up by 1.25x: Category A: 50% Black Owned Business (more than 50%) with an annual turnover of less the R35 million.
Does THF have a minimum investment amount?
Yes. The minimum contribution requirement is R20,000.
Disclaimer
The Hope Factory makes every effort to ensure that your organisation receives full, maximum points against the General Codes of Good Practice (2007) scorecard. However, The Hope Factory model cannot specifically cover the different requirements for each industry Sector Code. Speak to your verification agency to ensure that you will receive full points according to your industry Sector Code before investing.