BEE facilitates management, ownership and control of enterprises and productive assets by black people. At Royal Fields Finance we believe that the BEE process must be based on sound economic principles in order for it to be sustainable and contribute meaningfully to the South African economy.
Royal Fields Finance is 95% black-owned and a Level 2 BEE contributor in terms of the DTI codes.
Corporate Social Responsibility
Corporate social responsibility is one of the core values of Royal Fields Finance. We have set up a trust called Phuhlisa and donated 5% shareholding to it. “Phuhlisa” is a Xhosa word that means develop. The dividends paid on the 5% shareholding will be utilised to fund education related projects.
In addition, Royal Fields Finance has approached other enterprises and professionals to make monthly contributions to the Trust that are to be distributed on a quarterly basis to education related projects.
The Trust presents a lifetime opportunity to assist in building our country in a convenient but powerful way.
The Trust is set-up and administered in a transparent manner. Donations from the general public are welcome. Information on the Trust can be obtained from the CEO of Royal Fields Finance.
The Trust has undertaken four projects to date, assisting children from disadvantaged backgrounds with school uniforms and stationery.
Pholosho Secondary School, Alexandra – Phuhlisa Trust
Donated brand new school uniforms to learners
Bathokwa Primary School, Atteridgeville – Phuhlisa Trust
Donation of stationary to 130 learners
Rafelletse Primary School, Orange Farm – Phuhlisa Trust
Donated brand new school shoes to 73 learners