WHY BECOME A MENTOR

Your contribution as a mentor is an invaluable component to the success of the business incubation programme and to the empowerment of a new generation of business enterprises.

 

Mentors play a crucial role in the development of entrepreneurs as clients can learn from the mentor’s experience, knowledge and expertise in a collaborative exchange.

 

Mentors and mentees are assessed and matched to form an ongoing mentoring relationship aimed at improving the sustainability and growth of the clients with the specific purpose of:

 

  • transferring business skills and knowledge;
  • helping the clients to grow;
  • helping the clients to meet their objectives.

 

The Black Umbrella Mentorship Programme is a bilateral structure composed of Volunteer Mentors and a Panel of Experts.

VOLUNTEER MENTORS

 

There is a database of mentors in each area linked with participating clients. Volunteer mentors are required to allocate time to the following:

 

  •  1 day training (once off);
  •  1 hour a month for mentoring;
  •  2 mentor events yearly.

Enterprise Development

 

You can increase your B-BBEE Score by contributing towards Enterprise Development with Black Umbrellas and help foster an economy of entrepreneurs.

 

Your contribution as a company can be achieved through:

 

  • Monetary Donations;
  • Donation of business goods & services;
  • Participation in the voluntary mentor programme;
  • Providing procurement opportunities to businesses within the Black Umbrellas incubators.
  •  Black Umbrellas has been certified by Empowerdex as fully compliant with the requirements for the B-BBEE Codes of Good Practice and all relevant criteria therein for the recognition of Enterprise Development Contributions.

 

Empowerdex has verified that all beneficiaries of the Black Umbrellas initiative are Category A beneficiaries. Therefore the full value of contributions made to Black Umbrellas by donor entities may be recognised at a factor of 1.25 when calculating the donor entities’ Enterprise Development Contributions.

 

Thus a company donating money to Black Umbrellas would be able to claim 125% of its contributions as Enterprise Development Contributions.

 

For example, a company donating R100,000 to Black Umbrellas would be able to claim R125,000 (R100,000 x 125%) as an Enterprise Development Contribution.

 

In addition, Black Umbrellas has been granted Section 18A Tax Exemption by SARS, thus donations of cash or quantifiable assets are deductible for tax purposes within the limits prescribed in terms of Section 18A of the Income Tax Act.

 

Donations of goods or services, which will assist in the operation of the offices, development of the SMMEs and expansion of existing operations, are also greatly appreciated.

 

Overhead costs, which are allocated to supporting the activities of Black Umbrellas and not directly incurred may be recognised at a benefit factor of 80%. However, with the enhancement factor of 1.25, 100% of the allocated overhead cost may be claimed for scorecard purposes.

WANT TO BECOME A MENTOR - CLICK HERE

Mentoring Partnership

 

Click here to find out more.

 

OUR CONTACT DETAILS

HEAD OFFICE

info@blackumbrellas.org

011 592 6401

 

ESD CONTRIBUTIONS

info@blackumbrellas.org

021 447 7156

 

JOHANNESBURG | 010 590 5555

 

CAPE TOWN | 021 447 7156

 

DURBAN | 031 327 3200

 

PRETORIA | 012 342 5678

 

PORT ELIZABETH | 041 501 3400

 

RICHARDS BAY | 035 901 8760

 

MOOINOOI | 011 100 1738

 

LEPHALALE | 014 763 1820

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