Business and Arts South Africa and Middel
& Partners announce the launch of an innovative, on-line programme. This
will allow businesses to channel their B-BBEE socio-economic development (SED)
contributions towards arts and culture.
Backed by the technology of an online
ticketing system Tixsa, the Middel & Partners and BASA SED Programme takes
the form of a simplified on-line platform on BASA’s website. At the click of a
button, businesses are able to both contribute to arts and qualify for BEE
scores in accordance with the BEE Codes.
"Business and Arts South Africa
continues to focus on innovative ways to support the arts sector, whilst
developing equitable partnerships with business,” says BASA CEO, Michelle
Constant. “The BASA Middel & Partners SED Programme will hopefully address
the challenges of B-BEEE for businesses, whilst supporting a crucial and
under-supported sector of society - the arts."
A business consulting and auditing firm
that is also an IRBA approved B-BBEE service provider, Middel & Partners is
well-placed to work in partnership with BASA to give effect to this vision.
“Middel & Partners firmly believes in
the positive effects the Arts have on developing and building a nation,” says
CEO Coenie Middel. “We are therefore grateful to be provided the opportunity to
participate in an initiative that encourages businesses to contribute and
support the arts. We sincerely hope that our efforts will bring light to
projects that empower and uplift those in the arts community.”
In allowing businesses to channel their
B-BBEE socio-economic development contributions towards arts and culture, the
Middel & Partners and BASA SED Programme enables businesses to comply with
the BEE Act – in particular the promotion of black people’ sustainable access
to the economy through the contribution of 1% of their profits to
socio-economic development.
The benefiting arts and culture
organisations need to demonstrate that the beneficiaries remain no less than
75% black at all times. Participating arts and culture organisations will be
selected on an annual basis.
In addition, businesses’ contributions to
arts and culture through this programme will also qualify as socio-economic
development contributions under the BEE Act, through an impact on the
sustainable economic participation of black artists, musicians and actors.
With Middel & Partners providing the
B-BBEE expertise and Tixsa ensuring a secure online payment system, BASA will
manage and maintain the Middel& Partners and BASA SED Programme.
The Middel & Partner and BASA SED
Programme is made possible through the support of Fasken Martineau and
Empowerdex
For further information please contact
Lonwabo Mavuso at 011 447 2295 or e-mail Lonwabo@basa.co.za
To make a contribution go to www.basa.co.za
or www.middel.co.za
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