Congratulations to Love to Langa Co-Founder Jon Ostroff and our neighbor, Rich Zemble, for both losing 38 lbs on a weight bet! Jon had sponsors for his journey and has raised over $11,000 towards the Love to Langa Montessori School!
Broad-Based Black Economic Empowerment
In 1994, South Africa elected its first democratic government which launched BBBEE
(Broad-Based Black Economic Empowerment) in 2003 as a racially-selective
program to empower previously disadvantaged groups and enhance the economy.
Here’s why being B-BBEE Compliant is important:
1. If you want to engage with any kind of government body, your business or organization
will have to be 100% BEE compliant to do the following:
a. apply for a tender (an offer to do work or receive goods at a fixed price),
b. purchase a state-owned asset,
c. enter a public-private partnership.
2. Private companies that engage in business with each other may also reap the benefits of being BEE compliant through preferential procurement. Larger businesses are incentivized to do business with you because it improves their own B-BBEE score.
3. Being BEE compliant means you will not miss out on prospective business from companies wanting to deal with only BEE compliant companies. It could also mean you gain business from non-compliant competitors.
And lastly, if you have a B-BBEE Certificate you become eligible for grants and obtaining financing. You can also be a beneficiary of corporate supplier development initiatives.
Love to Langa CT has a Level 2 certificate because it is not 100% Black-owned but serves
100% Black beneficiaries (Black, Coloured and Indian.)
For information on making a tax-deductible donation to Love to Langa in Rands via our South African bank account, please email us at firstname.lastname@example.org.
Contact Love to Langa
PO Box 104 Gladwyne, PA 19035-0104 United States,
We're a US-based non-profit organization. We empower leadership within impoverished communities and we empower children to learn.