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:
The Black Umbrella Mentorship Programme is a bilateral structure composed of Volunteer Mentors and a Panel of Experts.
There is a database of mentors in each area linked with participating clients. Volunteer mentors are required to allocate time to the following:
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:
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.
OUR CONTACT DETAILS
011 592 6401
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
Our Hotline is available
24 Hours a day
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