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 Shanduka Black Umbrella Mentorship Programme is a bilateral structure composed of Volunteer Mentors and a Panel of Experts.
When you invest time and effort into someone else’s life, be it a business or a person, you get massive returns; you see the person grow, you see the company grow, you see them grow exponentially, you see them reaching their dreams, that’s what it’s about, Shanduka Black Umbrellas allows small companies to dream.
Charl Klopper, Mentor, Lonmin
You meet a lot of aspirant entrepreneurs and you listen to their stories, you listen to the businesses that they’re trying to build, it’s quite infectious.
John Carolin, Mentor, CA & CFA
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.
You can increase your B-BBEE Score by contributing towards Enterprise Development with Shanduka 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 SBU incubators.
Shanduka 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 Shanduka Black Umbrellas initiative are Category A beneficiaries. Therefore the full value of contributions made to Shanduka 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 Shanduka Black Umbrellas would be able to claim 125% of its contributions as Enterprise Development Contributions.
For example, a company donating R100,000 to Shanduka Black Umbrellas would be able to claim R125,000 (R100,000 x 125%) as an Enterprise Development Contribution.
In addition, Shanduka 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 Shanduka 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.
LOLONGA Mentoring Programme with Johnson & Johnson (Pty) Ltd
Find out more about LOLONGA here.