TEP is proud to present a unique opportunity to become partners in transforming South Africa’s economy and creating job opportunities. Drawing on its vast expertise and national footprint, TEP has created the Enterprise Development Portfolio (EDP), a credible solution that does not detract management from an organisations core business. In addition this portfolio allows corporates access to enterprise development points for their B-BBEE scorecard upon investment.

OVERVIEW

The EDP supports small and medium tourism enterprises to acquire new skills; improve product quality and operational efficiency; increase business activities and achieve greater market access.

TEP is audited by PriceWaterhouseCoopers. In addition, EDP is verified by Empowerdex, South Africa's leading economic empowerment rating agency. Empowerdex is accredited to verify whether the EDP's offering is compliant with all B-BBEE requirements and is accessible to corporates. Empowerdex reviews the programme on an annual basis to ensure continued compliance with legislation.

Small, medium and micro enterprises represent a thriving sector of the South African economy with substantial job creation potential. Tourism contributes greater employment numbers to the economy than the gold mining industry and looks poised for steady growth, thanks to the global exposure gained from South Africa's hosting of the 2010 FIFA Football World Cup™. In addition, tourism forms an integral part of the nation's business value chain – the creation of businesses and jobs in tourism has a knock-on effect of creating jobs in related supplier industries.

HOW THE EDP WORKS

In terms of Code 600 of the B-BBEE Codes of Good Practice, companies must allocate 3% of net profit after tax to enterprise development. Many companies grapple with enterprise development as it is not part of their core business, and only about 30% of South African listed companies are currently compliant. TEP’s EDP serves as a conduit for organisations to earn points on their B-BBEE scorecards whilst contributing to job creation and transformation in South Africa.

WHY INVEST WITH TEP?

TEP is one of the largest, longest standing and most successful public private partnerships run in South Africa in any sector.

For a decade TEP has successfully delivered on its enterprise development mandate and consistently exceeds its targets. Over the period TEP has established a firm reputation for operating with integrity and according to sound governance principles. As a Section 21 (non-profit) organisation, TEP is geared to keep its administration and management costs to a minimum with the majority of the funds benefiting SMMEs directly.

TEP is led by a board of prominent business leaders as well as a dynamic management team that delivers innovative leadership in tourism development projects. TEP's EDP team are at the forefront of enterprise development in South Africa and are redefining small business development through this initiative.

Over the past 10 years more than R450 million has been invested through TEP. TEP's hands-on, step-by-step development programmes have helped to create over 64,000 jobs, translating to increased revenue in the small tourism business sector of R5 billion.

The scale of the existing TEP programme is the equivalent of a compliant company having a profit of R2.67bn after tax.

With offices in all nine provinces, TEP's infrastructure, history and expertise allow it to offer a holistic service to investors and beneficiaries.

Interested parties can arrange a confidential interview with TEP's Enterprise Development Specialists:

Valerie Naicker
Office: +27 (0)11 880 3790
Email: valerien@tep.co.za