Meeting
Partner Companies' BEE Objectives
1.
Ability to contribute to empowerment in a measurable and
meaningful way
Partnering with CIDA Empowerment Fund gives companies
the ability to make a measurable and meaningful contribution
to empowerment which can be reported to stakeholders.
CIDA is able to provide clear and accurate reporting of
key deliverables including educational impact, student
employment, employment creation, and enterprise development:
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1.1
Short-term Educational Impact
In 2006, CIDA staff educated and developed:
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360
students in foundation year |
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900
students in a BBA Degree |
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300
banking learnerships |
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150
orphans and at risk youth (life skills training) |
•
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1500
call centre trainees |
•
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1000
unemployed youth (vocational training) |
1.2
Short-term Employment Impact
CIDA has empowered thousands of previously unemployed individuals
to participate in the South African economy:
| |
210
Bachelor of Business Administration graduates employed |
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400
CIDA Foundation students employed |
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1
800 Connectivity - trained employees employed in banking
and call centers |
| |
530
000 community members trained through CIDA Extranet |
•
|
1
000 hawkers and small businesses trained |
•
|
26
561 (9079 in 2005 alone) employees upskilled through Connectivity |
1.3
Economic Impact
CIDA's direct empowerment impact is transparent and measurable. In 2008, CIDA graduates working in the market place earned in excess of R63 million in salaries. Over the course of their careers, these graduates will earn in excess of R4 billion - now that's empowerment!
2. The Introduction of an authentic broad-based
BEE partner |
| Equity ownership |
100% black owned and controlled entity
Broad-based: 60% women
Designated group (youth, rural origin)
28 out of 25 points on our BEE scorecard for ownership |
| Management control |
Broad based: 60% women, 100% youth
Board participation |
| Employment equity |
Approximately 200 CIDA black graduates per annum. Ability to be developed into various levels of management. |
| Skills development |
Mentorship and learnership programmes |
| Fully accredited BBA programme |
Focused specified interventions, e.g. Manufacturing |
| Preferential procurement |
Nelson Mandela Extranet Programme
CIDA - Branson School of Entrepreneurship
CIDA - Branson Incubator
|
Enterprise development |
Nelson Mandela Extranet Programme
CIDA - Branson School of Entrepreneurship
CIDA - Branson Incubator
|
Socio-economic development |
Section 18 tax exemption
Transparency through governance
Measurable ROI
Rural and community involvement
|
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|
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CIDA
fulfils the DTI’s BBBEE criteria with absolute integrity. |
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CIDA
is educating previously disenfranchised and financially
disadvantaged youth throughout South Africa. |
| |
CIDA
is empowering women, who make up 58% of the current student
body, and at least 60% of the beneficiaries of the Trust. |
| |
CIDA
is empowering rural communities, which account for 60% of
the institutions intake. |
•
|
CIDA
is empowering South Africa’s youth. |
3. The introduction of a highly regarded BEE partner
CIDA is heralded by:
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Former President
Thabo Mbeki as an ‘education innovator’; |
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Nelson
Mandela as an ‘inspiration’; |
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Professors
at Bournemouth, London Business School and GIBS as a 'unique and powerful education model'; |
| |
The World Economic Forum as a 'Global Leader for Tomorrow'. |
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Mrs. Zanele Mbeki is the Chancellor of CIDA City Campus. |
4.
The Introduction of a long - term broad-based BEE partner
CEF is looking to establish long - term partnerships with
a select group of companies operating within South Africa.
Given CEF’s primary objective of ensuring the
sustainability of an education group, its focus is on
generating long-term dividends from its partner companies,
not in making a short - or medium-term capital profit.
CEF is an Endowment Fund, not a private equity fund.
We invest for the long-haul.
5. Improved corporate image and stakeholder
approval
Partner companies’ corporate image stands only
to benefit as a result of being intricately linked to
CIDA’s efforts to educate future South African
leaders every year. Through a partnership with CIDA
Empowerment Fund, companies will benefit from positive
PR, marketing and branding of the association with CIDA
and genuine empowerment.
6. Employee and community empowerment
CIDA Empowerment Fund’s contribution will not
be limited to improved BEE credentials for partner companies,
but will extend to CIDA offering a variety of possible
tuition programmes to company employees, children of
employees, and communities and schools of choice. These
will include full tuition scholarships for CIDA’s
university-level BBA degree, vocational and skills development
courses, as well as customized programmes developed
with partner companies. Establishing a partnership with
CIDA is consequently likely to be supported by staff,
boosting company morale and improving staff retention
ratios.
7. Customer empowerment
A certain number of free tuition scholarships per annum
will be offered to the customers and children of customers
of partner companies, both for its university - level
degree programmes, as well as for its vocational and
skills development programmes. Establishing a partnership
with CIDA is consequently likely to increase customer
brand loyalty.
8.
Value Add
| |
Improved
market reach and brand awareness
Over the past 3 years, CIDA students
have trained approximately 500 000 community members
throughout South africa, 300 000 of whom are living
in the rural areas. In the words of our former president,
the honourable Nelson Mandela, CIDA has an ‘extraordinary
reach across our nation’; a reach which
can be aggressively leveraged by partner companies
to build brand awareness and market share. CIDA
students are South Africa’s future generation
of leaders; business’s future consumers;
and community’s trendsetters and peer educators.
Their brand-building capacity is phenomenal. |
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Marketing
leverage
Selecting CIDA as an empowerment partner
has significant customer appeal. |
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Network
access
CIDA has an extensive corporate, state, local
and international network. |
| |
Corporate
Social Investment (“CSI”) administration
Given
its extensive involvement in community development,
CIDA is well placed to assist partner companies
in the implementation and management of their
CSI programmes, significantly reducing associated
administration costs. |
| |
Management
and strategic vision
Partner companies
will be able to draw on the financial and business
expertise of CIDA Empowerment Fund’s management
team. |
9. Broad-based Representation
While the CIDA 'mothership' campus is currently situated in Johannesburg CBD, its broad-based empowerment impact extends throughout South Africa and beyond. The CIDA student body is drawn from all over South Africa, with a special emphasis on accepting applicants from the poorer regions. The geographic composition of the current campus student body of approximately 964 students is as follows: |
| CIDA
BBA Students |
|
| %
Black Students |
100% |
| %
Students from KwaZulu Natal |
8% |
| %
Students from Limpopo |
12% |
| %
Students from Gauteng |
47% |
| %
Students from Mpumalanga
& North West |
10% |
| %
Students from Free State |
6% |
| %
Students from Eastern, Western & Northern
Cape |
11% |
% International |
6 |
| %
Students from rural areas |
60% |
CIDA believes the youth it empowers must empower their
communities. CIDA students train over 100 000 individuals
annually (and have trained over 500 000 individuals
over the past five years) in basic literacy, mathematics,
financial and computer skills, and HIV/AIDS awareness
through the Nelson Mandela Extranet Programme.
CIDA is also working hard to grow its intake of women,
evidenced by the initiation of its Women on the Move
Project in partnership with SA Life College and Lovelife.
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