Sparrow FET College

Sparrow FET Enterprises (Pty) Ltd.

Co. Reg. No: 2011/105891/07

 

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Maximise BBBEE Points

 

Ownership

Ownership

25 POINTS

Ownership points were developed in order to achieve a more inclusive composition of business ownership, focusing on race and gender. Black people (as defined by the amended codes of Good Practice for Broad Based Economic Empowerment) require integration into the mainstream economy, due to a history of marginalisation.

Compositions vary between Generic, QSE and EME businesses.

 

Skills Development

Skills Development

GENERIC – 20 POINTS & 5 BONUS POINTS

QSE – 25 POINTS & 5 BONUS POINTS

6% as a percentage of total payroll, also taking into consideration the same demographic target as Employment Equity (EE), including the national and provincial economically active population (EAP) statistics.

 

Supplier & Enterprise Development

Enterprise and Supplier Development

GENERIC – 40 POINTS

QSE – 30 POINTS

Enterprise Development
– Spend of 1% of Net Profit after Tax (NPAT)

Supplier Development
– Spend of 2% of Net profit after tax (NPAT)

 

Socio-Economic Development

Socio-Economic Development

5 POINTS

1% of Net profit after tax or Indicative profit.