BBBEE & SARS

All donations whether in cash or gift-in-kind, afford donors :

• points for their BBBEE scorecard (since more than 75% of our beneficiaries are “black”)
• as well as a tax rebate (since we have been afforded special SARS 18A status)

Note: SARS rebates are not available for entry fees to an event or competition – only for donations.

STATEMENT OF COMPLIANCE WITH CODES OF CONDUCT OF BROAD-BASED BLACK ECONOMIC EMPOWERMENT – CODE SERIES 700 SOCIO-ECONOMIC DEVELOPMENT

A donation to SEA RESCUE or WATERWISE can attract BEE points under the SED category (code 700).

At Sea Rescue we undertake both pro-active and reactive measures to avoid drowning and save lives. WaterWise teaches water safety and CPR as preventative measures to drowning.

Our rescue operations and educational programmes benefit all South African citizens, and are compliant with the BBBEE codes of good practice. In particular, more than 75% of beneficiaries are Black and Coloured and we fully support the objectives of broad-based BEE.

As such, our organisation is compliant with the requirements set out in the Act and this has been verified by the auditors Moores Rowland Mazars. The factual findings report is available on request by either contacting the NSRI head office info@searescue.org.za or Moores Rowland Mazars directly.