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Companies that spend 3% of their net profit after tax (NPAT) may claim 15 points for their BEE scorecard.
To make matters worse, approximately 45% of South Africa's entrepreneurs are ‘necessity entrepreneurs’, i.e. they would take the first available job if it came along.
The beneficiaries of Enterprise Development should be companies that are at least 51% black-owned.
Raizcorp is also the only for-profit, unfunded incubator of its type in Africa.
