CURAFIN MANCO’S ROLE IN BBBEE

Supporting Socio-Economic Development

Owner-driver Programmes implemented by Curafin Manco serve as an example of how corporate South Africa is responding to the preferential procurement and enterprise development requirements of the Broad Based Black Economic Empowerment Code of Good Practice (BBBEE Code).

The purpose of the BBBEE Code is to support socio-economic development amongst a broad spectrum of black South Africans who have been denied access to the mainstream economy in the past, and would face difficulty in gaining access and sustaining participation in the economy today.

A combination of the two BBBEE Code elements by Curafin Manco has resulted in the establishment of enterprises for members of the broader black community whilst ensuring the enterprises sustainability through access to an established market.

Curafin Manco provides management services to the newly established enterprises, assisting them in areas where they would in all probability have had no prior experience.

In providing its services, Curafin Manco aims to make these entities sustainable; in turn passing on the benefits of the BBBEE codes to the corporate sponsor, enabling the achievement of maximum BBBEE recognition.

This plan seeks to generate significant interest of a funder/investor to facilitate the funding of vehicles and the working capital requirements.

How Our Owner-Driver Programme Works

1. Education

Giving the owner-driver an opportunity to employ and manage his own staff while overseeing the entire delivery process.

2. Transformation

Transfer of knowledge, creating the opportunity for an individual to own assets.

3. Ownership of the Asset

Creating the opportunity for an individual to own assets.