Codes and Charter Compliance
CEF is a level one status BEE company
Ownership and control
Partnering with CIDA Empowerment Fund will contribute
significantly towards achieving ownership points for economic
interest and voting rights of black people, black women, and
a black, broad-based designated group.
Empowerment Fund is a wholly owned subsidiary of CIDA
Empowerment Trust, a 100% black entity, with the previously
disenfranchised, black students of CIDA as its sole beneficiaries.
Empowerment Fund has the requisite ownership and board
participation of black women to qualify for points for
economic interest and voting rights of black women.
is a truly broad-based BEE partner, empowering the poorest
of the poor from all nine provinces, 60% of whom are black
Empowerment Fund’s empowerment status complies with
the requirements of recognition of the economic benefits
and voting rights of its black student beneficiaries.
selecting CIDA Empowerment Fund as a BEE partner, companies
are selecting a designated youth group as outlined by
the DTI’s BEE Codes of Good Practice.
its broad-based nature, introducing CIDA Empowerment Fund
as a BEE partner is likely to translate into empowerment
bonus points in terms of the DTI’s BEE Codes of
Corporate Social Investment
was first established in 1999, and can attribute its sustainability
to date to CSI donations, effectively managed and utilised to
the satisfaction of various donors. CIDA has established a reputation
for itself in the market, as an entity through which companies
have been able to channel CSI in a manner which provides for:
exemption as a result of CIDA’s Section 18 tax status
as a result of proper governance structures being in place
of educational, social and economic impact achieved through
CSI interventions in company selected areas including higher
level education and training in specified programmes, or
targeted at specified communities;
and community development.
CIDA student is required to initiate training projects within
their respective home communities, significantly extending CIDA's
reach from the classroom to the heart of South African people.
Partner companies are able to leverage off CIDA's extensive
community network to implement effective CSI and consumer education
networks typically comprise of community members from LSM 1
- 5, and small and medium micro-enterprises. Partner companies
have, for example, utilised CIDA students to run financial literacy
programmes and HIV/AIDS programmes within their communities.
the past three years, CIDA students have trained and mentored
approximately 500 000 community members in nine provinces through
the Nelson Mandela CIDA Extranet, 300 000 of whom are living
in the rural areas. A significant proportion of these community
members have set up sustainable development and job creation
The Women on the Move (WOTM) programme was launched in early
2005 to specifically address the impact of HIV/AIDS among poor
communities. WOTM aims to educate thousands of girls using a
peer to peer approach, to build self-esteem, knowledge and contribute
to developing their full potential.
Human Resource Development
In partnering with CIDA Empowerment Fund, companies will be
able to meet their human resource development objectives as
CIDA is an accredited institution of higher learning. Through
its facilities and educational programmes, CIDA is able to provide
training for company employees, targeted stakeholder groups,
and broader communities in the markets within which partner
companies operate. Higher level training is provided in various
areas, from graduate studies in the Bachelor of Business Administration
degree programme, specialising in areas such as finance, IT,
marketing and entrepreneurship, to non-graduate training in
areas such as Call Centre training.
Through CIDA, partner companies have the ability to develop
training programmes aligned with their own strategic objectives,
through the extension of CIDA’s existing academic infrastructure.
Companies can, through an empowerment partnership with CIDA
Empowerment Fund, also benefit from an annual allocation of
student bursaries for studies at CIDA, to be targeted at student
groups of the company’s specification. Companies can elect
to participate further in these students’ career development
through mentoring and learnerships administered by CIDA, and
also benefit through access to a pool of black graduates coming
through these programmes, to address transformation requirements.
Responding to the need to foster a culture of entrepreneurship
in South Africa, CIDA, together with Richard Branson’s
Virgin Unite, launched the CIDA - Branson School of Entrepreneurship
in October 2005. The course material is integrated into the
existing CIDA BBA degree, providing CIDA students with the entrepreneurial
skills required to build their own businesses. Graduates with
proven entrepreneurial ability and sound business ideas are
provided with seed capital from the New Business Seed fund,
as well as workspace and centralised support services in the
CIDA - Branson Incubator facilities, an area of 3500 square metres
in existing CIDA premises.
Through an empowerment deal with the CIDA Empowerment Fund,
partner companies will be able to benefit from access to black
entrepreneurs and SME’s established through CIDA’s
programmes. These are enterprises which are viable by virtue
of appropriate management skills and mentorship, which can be
supported in various ways, including financial support, infrastructural
support, as well preferential procurement programmes. Partner
companies can also benefit from additional points earned through
providing similar support to the CIDA - Branson Incubator facilities
and the New Business Seed Fund.