SED

What is SED?

Socio-Economic Development (SED) Contributions consist of monetary or non-monetary, recoverable or non-recoverable contributions actually initiated and implemented in favour of beneficiary entities by a Measured Entity with the specific objective of facilitating sustainable access to the economy.

What does this mean?

SED seeks to encourage initiatives that enhance the ability of black people who remain non-participants in the economic mainstream to be included in participating in the economy in a sustainable manner.

SED is any programme that creates sustainable access to the economy for its beneficiaries. This means that contributions should be providing sustainable benefit, to use the old saying SED projects teach people to fish rather than giving them a fish. If a company is not creating sustainable access to the economy for beneficiaries then they are not involved with SED.

SOCIO ECONOMIC DEVELOPMENT

How much money must be paid towards SED

Monetary or non-monetary contributions to the equivalent of 1% on NPAT