THE SOCIETY is a powerful union of consumers, empowering members to access exclusive benefits, discounts and investments typically reserved for large organisations and bulk buyers.
THE SOCIETY is a non-profit organization established in 2013, originally known as Black Society Empowerment NPC, and formally registered in 2019. It serves as a platform for like-minded individuals who come together to collectively manage their regular expenses, generating rebates and profits. These profits are then reinvested into the mainstream economy to foster job creation, business opportunities, and wealth generation.
Our mission is to create an ecosystem where individual members can generate revenue from their everyday expenses, promoting financial growth and sustainability. We aim to build a robust loyalty program that not only meets members' expense needs but also offers them a platform to promote their products and services, encouraging community-driven economic empowerment.
At The Society, we are dedicated to creating a collaborative space for members to grow, invest, and thrive together.
The immediate value of a member lies in the representation they receive from the senior leadership, known as the Board of Directors (BOD). This board is composed of professionals such as actuaries, economists, bankers, equity fund managers, lawyers, who work to negotiate pricing structures with large businesses, analyze the spending patterns of each member, and identify those with similar spending habits to secure better pricing. Additionally, they provide financial advisory services, wealth seminars, workshops, and more.
Start your journey to financial freedom
Contribute R1000 per annum to assist the organisation on the following;
To fund the IT infrastructure further development of the platform and to continuous upgrade.
To fund operations of the organisation.
To fund marketing and recruitment programs
To fund the analysis on each member spending patterns and consolidate each item for better pricing
To research more products and negotiate pricing in order to assist mambers to lower their price on products they’re currently buying
Direct investment capital in the form of crowd funding will be managed by reputable fund managers.
Indirect investment capital will be raised through rebates and profit share derived from each member spending.
Investment opportunities will be communicated via The Society platform/ website, emails and WhatsApp. This allows participants to engage with and contribute to specific investment opportunities on a push of a button.
Interested participants will submit their details electronically, which will be forwarded to the bank to activate the necessary stop orders. This step ensures that the investments are processed automatically, securely and ensures cost effectiveness .
Once the bank consolidates the collected funds from participants, they are transferred to a transaction advisor or fund manager. The financial advisor or manager must be registered with the Financial Sector Conduct Authority (FSCA), ensuring that the process adheres to regulatory standards.
The transaction advisor or fund manager will oversee the allocated capital, making investment decisions on behalf of the participants, aiming for optimal returns.
Indirect investment capital will be generated through rebates and profit shares associated with each member's spending activities. Essentially, participants who make purchases through designated channels could earn rebates, which will be pooled into the overall fund.
In addition to the rebates, any profits derived from the collective investments or activities will be shared among the participants, offering them a return based on their spending and engagement within the system. This dual approach leverages both crowdfunding for direct capital infusion and incentivised spending for ongoing indirect capital generation. It ensures a diversified method for raising funds while keeping participants engaged in the process.
STANDARD MEMBERSHIP applies to all members of The Society. Digital crowd funding applies to every member, contributions starting from R5 to a maximum of R100, however managed via our banking partner.
The difference in membership categories based on the spending power that influences indirect investment capital raising and direct investment capability.
New Bank Account for Crowdfunding:
A new bank account is required specifically for crowdfunding purposes to manage and track the funds. This ensures transparency and proper financial oversight.
Trust Account for Dividends:
Once shares are distributed, a trust account is needed to handle and distribute dividends to shareholders. This ensures legal and ethical management of funds, benefiting members accordingly.
Establishment of a Will & Registration/Management of a Trust:
Setting up a legal will is critical to ensure the proper distribution of assets upon death, while managing the trust ensures that investments are handled in accordance with the intentions of the members or stakeholders involved.
Survey on Spending (Allocate Teams):
You may want to assign specific teams to assess and evaluate where and how funds are spent. This survey helps ensure that the investments are being used effectively, and any changes in expenditure are addressed properly.
Skills & Business Analysis, Member Profile:
A detailed analysis of skills and business potential among members is essential for identifying their strengths and how they can contribute. This analysis will help tailor business opportunities to the right individuals.
Advertise Business & Professional Member Profiles (Connecting Opportunities):
Creating profiles for business members to highlight their skills, expertise, and past work will attract potential business opportunities. Advertising these profiles can foster connections between members and external opportunities for growth.
Voice in the Economy
Financial Literacy Training
Access to Discounts
Profit from Spending
Create Investment Capital Through Rebates
Create Affordable Investment Opportunities
Access to Jobs
Access to Business Opportunities
Access to Funding
Access to Funding Guarantees
Affordable Housing Schemes
Affordable Health Care
Affordable Education
Affordable Insurance Products
Affordable Funeral Plan for the Elderly
Old Age Accommodation
Drugs and Alcohol Rehabilitation Centres
Talent Development
Registered members can log in with their unique details to view current opportunities, ensuring personalized access.
Limited Access for Non-Members: Non-members have restricted access to platform information, protecting sensitive data for registered users only.
Privacy Protection: The platform maintains privacy by preventing members from viewing each other's financial information, such as expenses and gains.
Device Lock: Members’ logins are tied to a specific device used during registration. If they wish to access the platform from a different device, they must confirm the change via an email link for security verification.
These measures enhance user security and ensure controlled access to the platform.
