BBBEE and Socio-Economic Development

While the Socio-Economic Development (“SED”) element only counts for a maximum of 5 points on the Scorecard in the generic Codes of Good Practice published in terms of the Broad-Based Black Economic Empowerment (“BBBEE“) Act, this element is not as simple to implement as it appears.  Any corporate donor making a donation or other SED will need to ensure that both the contribution made, and the recipient qualify for such points.  In addition, the donor would preferably like to ensure that the recipient or beneficiary qualifies as a “public benefit organisation with section 18A status”