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Contact us on: 011 609 1264

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Black Empowerment Policy

MANAGEMENT VALUES

1) Ownership:

Merit Business Institute is owned and run by Mark Deavall and therefore is a privately owned business. As such, as Merit Business Institute has a very small full time staff compliment, it is not foreseen in the medium term, that the senior management positions and ownership will change. This however will be reviewed on an annual basis or as the need arises. We are open to any approach that will enhance the ability of Merit Business Institute to better serve its clients.

2) BEE Requirement:

As Merit Business Institute is classified as a level 4 Exempt Micro Enterprise, as per the BBBEE codes as published by the South African Government.  Please contact us on 011 609-1264 for a copy of our current sworn affidavit.

3) Black Empowerment Policy:

Mark Deavall, the Managing Director of Merit Business Institute has no desire to take on any partners whatsoever, be they active partners or purely investors. However, being a committed South African company, Merit Business Institute will apply the following: A trust has been set up whereof the trustees are the Managing Director Mr. Mark Deavall, the company’s accountant Mr. Joggie Cilliers, and a third trustee yet to be appointed. This trust will own 26% of the shares in Merit Business Institute. These shares will hold no voting rights at all in the affairs of Merit Business Institute however, 26% of the PBIT of Merit Business Institute will be transferred annually into the trust. Providing that the fund is large enough, this money will be used to finance one previously disadvantaged person annually in the setting up of a new business. Not only will Merit Business Institute finance these businesses, it will also provide the guidance, training and mentoring required. By doing this Merit Business Institute is able to truly influence both BEE and enterprise development.

4) Purchasing Policy:

It is the stated policy of this business to support small businesses, and specifically small businesses owned by previously disadvantaged people, wherever possible directing our purchasing, as far as is practical, to these businesses.

5) Recruitment Policy:

Should the need arise to employ anyone in this business consideration is first given to skills, abilities and qualities, then to status. Should we find a suitable person from a previously disadvantaged background, we will employ that person. However, it must be stressed that, as we believe that we need to set the example of what we teach, we will not compromise quality in favour of BEE or any other political agenda.

6) Social Responsibility:

Insofar as our social responsibility is concerned; our client base is made up mainly of large corporate company’s with exciting social responsibility programs. We fulfil our social responsibility obligations by partnering with these programs in a manner appropriate to our business.

7) Political Affiliation:

Merit Business Institute does not in any way support or finance, any political party. Merit Business Institute focuses on the growth of South Africa as a whole, and will support where possible and within reason, people, organisations or entities that have that focus at their core.

 
 
Tel: 011 609 1264
Fax: 011 452 0138
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