The final element of the BBBEE scorecard is socio-economic development – used to be referred to as corporate social investment, with 5 points scoring. Generally this includes a company’s donations to charity, or involvement in industry-specific charity based. The Chamber has a number of NPOs involved in a range of activities that are registered with the Durban Chamber. A directory of these NPOs will be compiled during the course of the year profiling them per area of interest to allow corporates to invest in them.
When it comes to SED, the Chamber will ensure that funds received are channelled through appropriately and used to implement worthy socio-economic development through our member NPOs.