All major companies operating in South Africa are legislated by the Broad-Based Black Economic Empowerment (B-BBEE) Act [no 53 of 2003] and should a company not achieve the required B-BBEE rating its day-to-day business operations with Government, organs of state and the private sector may be hampered.The financial impact and net effect of this legislation requires all major companies to spend no less than 4% of their Net Profit After Tax (NPAT) or the equivalent value on supplier, enterprise and socio-economic development in South Africa or face prescribed penalties when applying for a state licence, permit or authorisation, depending on requirements imposed by sector-specific legislation

Compliance and implementation of this legislation into daily operations is extremely complex and specialised, and require a substantial skill level and additional human resources to execute successfully. Due to absence of available and capable service offerings in the market the only alternative available to the corporate is having to donate and distribute 4% of their Net Profit After Tax (NPAT) toward socio-economic development projects and specified classes of business in form of a grants.

ALFHARON™ Corporate Services is a first of its kind business platform. For South Africa we developed a unique industry solution saving our corporate clients 2% of their Net Profit After Tax (NPAT) along with considerable tax benefits further improving bottom line. What further improve the desirability of our service offering is that no capital investment or additional resources required to achieve these benefits.