[layerslider id=”5″]

I alone cannot change the world,
but I can cast a stone across the waters to create many ripples

Mother Teresa - #

Trust Funds

As part of our vision to restore the poor we believe in facilitating the wise use of corporate social responsibility spend through ethical B-BBEE consulting. We believe in tailor-making a solution for corporates to achieve a ‘win-win’ outcome of contributing to society in an area that is of value to the business. Many times this could be seen as ‘market development’ or as ‘brand awareness’.

The application of our funds for the past three years are summarised in the following report:

Jedidiah Trust Segametsi Progress

The trusts’ overhead and administration expenditure is 6,5% with a benefit of 93,5% to the beneficiaries.

graph

The application of our funds for the past three years are:

The purpose of the fund is to create and cause sustainability for the ‘poor’ / beneficiaries. This fund was created in Segametsi Hope (SA). Tiger Wheel & Tyre (SA) made the first grant donation of R570,000 to open the fund during 2011. Since 2011 the Segametsi Hope Sustainability fund grew to more than R3,000,000. The focus of application is to create sustainable and profitable projects or

business units for Segametsi Hope members. Tiger Wheel & Tyre’s funds were mainly invested around the Informal Day Care centres in an attempt to achieve financial stability or additional income at the Day Care centre.

For more information visit www.segametsi.com.

The Socio Economic Fund is a ‘giving’ account. In South Africa, corporations need to give 1% of NPAT to a defined beneficiary. Jedidiah Trust is accredited to receive those funds, give the donor / grantor the relevant B-BBEE documentation for it to qualify for the relevant points in the accreditation process. In terms of the B-BBEE codes, the funding must be applied into the appropriate defined areas. This will vary from sector to sector. Jedidiah Trust will ensure that the correct application for your B-BBEE code requirements is followed.

OWN WISHES:
Your corporation wishes and or needs / focus will be facilitated. For example if your workforce works in Daveyton, the Socio Economic

project could be focussed in that area. This will allow you to specify certain objectives in the application.

PURPOSE DESIGN:
The project could also be designed around your product and market strategy. For example, if you are manufacturing a product, the project could be structured to give your corporation the maximum exposure and an indirect benefit.

For more information please email Jedidiah.

The Enterprise Development Fund is a trust account for designated Enterprise Development Projects. In South Africa, corporations need to give up to 3% of NPAT to a defined beneficiary for Enterprise Development purposes. Segametsi Group is accredited to receive those funds, give the sponsor / grantor the relevant B-BBEE documentation for it to qualify for the relevant points in the accreditation process. In terms of the B-BBEE codes, the funding must be applied into the appropriate defined areas. This will vary from sector to sector. Jedidiah Group will ensure that the correct application for your B-BBEE code requirements is followed.

OWN CORPORATE NEEDS:
Your corporation wishes and or needs / focus will be facilitated. For example if your business is in Renewable Energy, the Enterprise

Development project could be designed around solar solutions. This will allow you to specify certain objectives in the application of the funds.

PURPOSE DESIGN:
The project could also be designed around your product and market strategy. For example, if you are manufacturing a product, the project could be structured to give your corporation the maximum exposure and a direct benefit. We do specialise in “Supply Chain development” and transfer of skills.

For more information visit www.segametsi.com.