Who We Are
Extraordinary Team
The founders of Khula Bursary Company (KBC) walked the journey of Broad-Based Black
Economic Empowerment (B-BBEE) as private sector participants, since day one of the
South African Government’s drive to implement policy to advance economic transformation and enhance economic participation in the South African economy.
Balancing corporate spend in the participation of the B-BBEE policy drive and tax incentivized benefits, with sustainable initiatives to redress the inequalities, access to economic privileges, and unlock contribution to the economy, has become a passion to the KBC team. KBC is a Level 2 B-BBEE contributor, 51% black women owned and also qualifies as a black designated group.
Vision
On-going delivery on innovative solutions, models and collaborative platforms to support transformation in education.
Mission
Supporting, endorsing and participating through teaming to advance economic transformation and enhance economic participation in the South African economy.
REASONING
KBC developed an innovative platform that creates a pipeline to enables access to education for continual growth. The intent is to unlock this access for students from marginalized and disadvantaged communities.
B-BBEE is intended to stimulate the process of participation of previously disadvantaged groups in the economy to increase economic growth.
B-BBEE is defined as a socio-economic process that directly contributes to the economic transformation of South Africa and brings about significant increases in the number of previously disadvantaged groups to participate, manage, own and control the country’s economy, as well as significantly decreases in income equalities.
Contingency of skilled, highly qualified leaders and contributors for economic growth and participation is of essence to sustain all the effort made through
the B-BBEE policy introduced.
The KBC team therefore developed an innovative solution that addresses a pipeline for this contingency need. They turned their focus to excellence within the education environment to assist with output for this contingency need.
Corporate Public and Private businesses in the South African business landscape are encouraged through incentives to comply with the B-BBEE Act. One of the key changes in the B-BBEE Codes forces businesses to spend up to a maximum of 2.5% of their payroll on bursaries, that derive a benefit.
The KBC team created a donation platform as base to derives optimum benefit for businesses on their B-BBEE levels, whilst addressing the above output for a contingency need in the South African economy. Seamless administrative integration with education institutions is the key.
