For many companies, February is financial year-end, when budgets must be spent and plans made for the next fiscal cycle. It is often a time when CSI managers have to run around frantically trying to allocate the final portion of their budget before the year ends. Not wanting to make quick decisions about who to support without doing their homework, many companies turn to SASIX for investment-ready social development projects.
If you need to get your B-BBEE points or spend the remainder of your 2011-12 Corporate Social Investment budget but are not sure where to find a sound and well-assessed investment project, SASIX is a safe, easy and effective way to make a meaningful contribution to development in South Africa.
The South African Social Investment Exchange (SASIX) is used as an online social investment tool by many responsible South African companies. It is perfect for small and medium-sized businesses who may not have a dedicated CSI department. And it provides a hassle-free due diligence mechanism for bigger companies that still have unallocated CSI funds to spend.
All projects are screened, visited and assessed against the SASIX investment principles, which are:
- Driven by results
- Holistic strategy aimed at solving a clearly defined social problem
- Understand beneficiaries and include them in processes
- Prioritise organisational sustainability
- Demonstrates a collaborative approach
SASIX investments are eligible for SED points on the B-BBEE scorecard and are tax-deductable under Section 18A.
> View the latest SASIX prospectus
Projects available for investment include:
- Enterprise Development: Strengthening small businesses in the tourism sector within the Western Cape with Open Africa
- Education: Equipping youth with learning challenges for careers in catering – Sparrow Schools
- Health: Life-Saving operations for 10 children at The Walter Sisulu Paediatric Cardiac Centre for Africa
- Vulnerable people: Sustainable farming in the Central Karoo with the Southern Cape Land Committee
- Environment and Conservation: Environmental education for rural schools through the Lapalala Wilderness School
How to invest
Onlinenow at sasix.co.za or call us on (+27 21) 762 7944 or email salma@ggsa.co.za
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