Construction Cares Fund
SAFCEC decided to take its commitment to ‘Development and Care’ one step further in an attempt to create greater benefit and opportunity for SME’s with a focused Black Business Development as well as for the general population involved in/or related to construction, through socio economic development (CSI).
The Construction Cares Fund (CCF) provides a vehicle to channel a portion of existing membership subscriptions and ring fence it with the distinct focus to develop SME’s as well as providing an opportunity for companies to donate funds to the CCF and earn either Enterprise Development points or CSI points. Once Public Benefit Status has been obtained, we believe that the CCF will attract contributions from all companies, members and non-members as well as clients to develop SME’s in the contracting fraternity.
The Trust Document, which has been drawn up for the CCF must have trustees must be employed by SAFCEC or its member companies. The following persons are Trustees:
- Ian Ferguson (Stefanutti Stocks);
- Andrew Vos (Bophelong Construction); and
- To Be Advised (SAFCEC )
Who can contribute to the CCF fund?
- All construction companies;
- All service providers in the construction industry;
- All suppliers; and
- State owned enterprises
What training will the CCF will focus on?
- Business training;
- Health and Safety; and
- Skills training.
What criteria must a Developing Contractor fulfill to become a CCF beneficiary?
- Turnover less than R35 million;
- 50% black owned or 30% black owned;
- 3 permanent employees;
- Must be a contractor;
- Must commit 3 people for training; and
- Must submit completed application forms and forward all documentation requested.
Who has provided sponsorship to the CCF?