B-BBEE Credentials- Level 2 Empowered

Our B-BBEE Scorecard: Edge Growth embraces both the spirit and the letter of the law and has achieved  a Level 2 accreditation which consists of 96.78 BBBEE points.

Partnering with a Level 2 empowered company such as Edge Growth has the following benefits:

• Procurement: Being Level 2 empowered, 125% of any payment from Edge Growth for services delivered can be claimed BEE Procurement spend
• Enterprise Development: Being classified as a Category B ED Beneficiary, 100% of any ED contribution made to Edge Growth (to assist in business development) will qualify as ED spend.

Download the Edge Growth's BEE certificate (pdf 172kb)  

• Ownership (25 points): 12.5% BBBEE Ownership transaction executed on the 29th September 2010 with Agri Sense Consultancy Investments and 12.5% BBBEE Ownership transaction executed with VUWA.
  
  Synergies resulting from the Edge Growth, Agri-Sense Consultancy and VUWA Investments partnership will ensure that businesses and entrepreneurs in sub-Saharan Africa substantially realize their return on investment in Enterprise Development (ED).
  
  Agri-Sense was approached by Edge Growth due to the many synergies that would result from a partnership with the company. Agri-Sense shares Edge Growth’s passion for poverty alleviation and in line with this shared vision have dedicated one of their directors, Calvin Fambisayi, to work full time as an executive director within Edge Growth. Calvin Fambisayi has poured himself into transformation through building extensive expertise in the field of ED and Preferential Procurement as well as developing and building SMEs. Calvin’s knowledge in this space has made him an asset to Edge Growth’s ED Strategy division. In addition, Agri-Sense was brought on board to assist in the development of an agricultural ED business, a space where we envision significant opportunities to provide income, jobs and food sources for sub-Saharan Africa. 
  
  VUWA Investments is Edge Growth’s other BEE partner and play in the private equity space. VUWA, represented by Gil Mahlati, add value to the fund management and deal sourcing side of our business, bringing high potential SMEs, that do not meet their investment criteria, to our ED Funds. VUWA’s extensive networks are a key enabler for ED capital raising, which is critical to Edge Growth being able to scale and unlock real impact in the ED space. Synergies also exist in that VUWA boasts a number of companies in their existing investment portfolio that could benefit from the Edge Growth incubator (Growth Accelerator).
   
• Enterprise Development (25 points): Edge Growth provided services to the value of 3% of NPAT to Trialogue, a black empowered SME, specializing in sustainable business and CSI. Edge Growth ran their annual strategy breakaway assisting the management team in designing a strategy and operational plan aimed at sustainable competitive advantage in a cluttered and intangible market space. 
• Preferential procurement (25 points): >50% of procurement from BBBEE suppliers, with 15% from those with >50% BEE ownership. Edge Growth chose to support SMEs and empowered companies by ensuring we procured for these types of businesses. 
• Socio-economic development (25 points) : >3% of NPAT (although the CSI requirement is 1% of NPAT) was provided in the form of business start up support to a young black local visionary (Lennox Mailwa) who is in the process of setting up the first internet café in Orange Farm. His business, First Step Internet Cafe, aims to be the first of its kind to provide internet access to all the school children in Orange Farm, who currently have to spend >R15 in taxi fees to get to an internet café to complete school assignments. It also provides much needed access to the job market for the Orange Farm locals through Fax and CV printing services. 
  
  Edge Growth has supported First Step Internet Cafe in all the aspects of business set up, from guidance in developing a business plan, gaining access to finance, managing contractors and setting up legal agreements, marketing, tax and company registration.
  
  Lennox’s Internet Café has been up and running for 11 months and is a thriving business. In this short time he has built up a steady clientele with 20 students signed up for a full time service. He operates the only fax service in Orange Farm, has 10 terminals, helps with the typing of CVs and documents and provides telephone access and lamination of business cards. He has also just invested in a bulk printer which he will use to print out the exercise books for the surrounding schools. He has recently employed an assistant to help him manage his business.