Tweet
Read this article today, I doubt it will be implemented but lets see
The Article
The work of numerous shelters like Childline would not be possible without the generosity and compassion of businesses, individuals, Department of Health and Social Development that fund them.
In terms of section 18A of the Income Tax Act, donations to Public Benefit Organizations’ such as the above non-profit organisations are tax deductible and businesses used to be able to also earn points on it’s BEE scorecard by donating to registered institutions like Childline. Not for long anymore if a new proposed bill is approved. Businesses could lose black economic empowerment points for making donations to charities which do not have 100 percent black beneficiaries, it was reported on Thursday. The Platinum Weekly thought it to be a hoax and immediately investigated. Yes, Ripleys believe it or not, black on white (so to speak), on the website of the DTI, a confirmation of the above mentioned.
Ammendmends was proposed to the BEE Codes of Good Practice, on the trade and industry department’s website, and available for public comment until December 2. “All stakeholders who have concerns and objections are requested to make use of the 60-day period to make their submission,” the department said.
Bridget Brun, a Durban BEE agency head, told the media: “This amendment will have a huge effect. It means that if the charity benefits any Indian, white, coloured or even a Mozambican or Zimbabwean child, companies will not be able to claim points on their BEE scorecard. We are going to have segregated facilities.” Childline head Joan van Niekerk said BEE laws were becoming ridiculous.
“We don’t know the race of the child who phones us. It’s inappropriate to ask, ‘Are you black, and how black are you?’
The Article
The work of numerous shelters like Childline would not be possible without the generosity and compassion of businesses, individuals, Department of Health and Social Development that fund them.
In terms of section 18A of the Income Tax Act, donations to Public Benefit Organizations’ such as the above non-profit organisations are tax deductible and businesses used to be able to also earn points on it’s BEE scorecard by donating to registered institutions like Childline. Not for long anymore if a new proposed bill is approved. Businesses could lose black economic empowerment points for making donations to charities which do not have 100 percent black beneficiaries, it was reported on Thursday. The Platinum Weekly thought it to be a hoax and immediately investigated. Yes, Ripleys believe it or not, black on white (so to speak), on the website of the DTI, a confirmation of the above mentioned.
Ammendmends was proposed to the BEE Codes of Good Practice, on the trade and industry department’s website, and available for public comment until December 2. “All stakeholders who have concerns and objections are requested to make use of the 60-day period to make their submission,” the department said.
Bridget Brun, a Durban BEE agency head, told the media: “This amendment will have a huge effect. It means that if the charity benefits any Indian, white, coloured or even a Mozambican or Zimbabwean child, companies will not be able to claim points on their BEE scorecard. We are going to have segregated facilities.” Childline head Joan van Niekerk said BEE laws were becoming ridiculous.
“We don’t know the race of the child who phones us. It’s inappropriate to ask, ‘Are you black, and how black are you?’
Comment