codeX’s Agile Web Developer programme directly supports Socio-Economic Development in the ICT Sector.
What is BEE Socio-Economic Development?
In terms of the B-BBEE Codes of Good Practice, the objective of Socio-Economic Development (SED) contributions is the promotion of sustainable access for beneficiaries to the economy.
SED contributions are any monetary or non-monetary contribution implemented for individuals or communities, where at least 75% of the full value benefits black people.
Through our ground-breaking approach to training, we ensure that candidates who are under-represented in tech acquire the solid technical and practical skills required for a career in web development. 87% of codeX candidates meet the BEE criteria.
100% of Socio-Economic Development grants made to codeX are recognized for the BEE ScoreCard.
Donations via the Click Foundation codeX Bursary Fund are tax deductible (eligible for Section 18A certificates).
Contribution Benefit Factor
|Qualifying contribution type||Contribution amount||Benefit Factor|
|Grant and related contributions|
|Grant contribution||Full grant amount||100%|
|Direct cost incurred in supporting SED, sector specific initiatives or approved SED contributions||Verifiable cost (including both monetary and non-monetary)||100%|
|Discounts in addition to normal business practices supporting SED, sector specific initiatives or approved SED contributions||Discount amount (in addition to normal business discount)||100%|
Compliance Target for Socio-Economic Development
|SED Indicator||Weighting points||Compliance Target for 2016|
|Average annual value of all SED contributions by the Measured Entity as a percentage of Net Profit After Tax (NPAT) or turnover||5||5||1% of NPAT or 0.125% of turnover|
- Mentoring and professional services can also be recognised for Socio-Economic Development, with a benefit factor of 80%. Download our BEE ScoreCard Guidelines
Download codeX BEE SED Documents:
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