BEE

Socio-Economic Development/ Social investment, your BEE rating and how you can help D.A.R.E to help you! Crime affects all businesses and 00% of crimes is Alcohol and Drug related. By choosing D.A.R.E as your social partner you not only benefit on your BEE scorecard but also make a meaningful impact on crime prevention.

Your BEE rating is directly linked to your Socio-Economic development and D.A.R.E can help your rating!

D.A.R.E is a registered NPO, registration number NPO067-301. Any contribution to D.A.R.E is welcome and will count towards your BEE scorecard rating. Should you for instance contribute 1% of your nett profit after tax, you get the full 25 points on QSE scorecard and 5 points on Generic Scorecard, since 85% of the services rendered by D.A.R.E is to previously disadvantaged individuals.

More on BEE and Socio-Economic development

Black economic empowerment (BEE) is a dominant theme in South African boardrooms and the business press. In many ways, BEE is a uniquely South African phenomenon. It represents the need for comprehensive redress in the wake of apartheid and the important role of the state in pushing transformation.

In South Africa, BEE is well understood and it is codified in government policy. It requires companies to increase historically disadvantaged South Africans’ (HDSAs’) access to ownership, management positions, employment equity, skills development, supply chain opportunities, services (such as bank loans), and community development benefits.

QSE Scorecard (Socio-Economic development counts 25 points)

Any enterprise with and an annual Total Revenue of between R5 million and R35 million is Qualified Small Enterprise (QSE). A QSE can select any four (4) of the seven (7) Elements of B-BBEE (Broad-Based Black Economic Empowerment) for the purpose of calculating its BEE Contributions.

Generic Scorecard (Socio-Economic development counts 5 points)

Enterprise with and an annual Total Revenue of R35 million and more will be measured against all seven (7) Elements of B-BBEE (Broad-Based Black Economic Empowerment).