THIS IS SASSDA’S TURNING POINT!
Over the last few years, we have worked hard at becoming a member-driven association that adds value to our members. This includes: Financial value, informational value, emotional value, expert accessibility value, networking value and belongingness value.
All these member benefits currently cost only R1 395 per year and consequently, only 3.5% of our revenue is derived from membership fees.
Historically, Sassda’s main source of income was drawn from a levy on members who produce or import stainless steel primary products for consumption in the local market. In the last couple of years, this has been replaced by a contribution based on historical sales, which means that more than three quarters of Sassda’s revenue is paid by nine members with one member contributing more than half of our income.
This funding model is unsustainable and it has therefore become necessary for funding to be more fairly distributed across our membership. Rather than a flat membership fee, the Sassda Main Committee has recommended that a tiered approach be adopted with three categories of membership:
- primary product suppliers
- converters and non-stainless steel suppliers
- non-fee paying members.
Our Proposed New Tiered Membership Structure
|PLATINUM||Local mill||R1 500 000||R263 440||R27 960 593||R28 224 033||18.8|
|GOLD||National distributors||R200 000||R95 085||R6 251 701||R6 346 786||31.7|
|SILVER||Multiregional distributors||R96 000||R51 835||R1 095 968||R1 147 803||12.0|
|BRONZE||Regional distributors||R48 000||R40 285||R252 321||R292 606||6.1|
|DIAMOND||>100 employees||R36 000||R35 635||R450 068||R485 703||13.5|
|RUBY||41-100 employees||R24 000||R22 935||R323 429||R346 364||14.4|
|SAPPHIRE||10-40 employees||R12 000||R17 285||R74 030||R91 315||7.6|
|EMERALD||<10 employees||R6 000||R11 635||R27 441||R39 076||6.5|
Note: This new funding model will only be implemented after the Memorandum of Incorporation has been amended and approved at the next Annual General Meeting in August. Implementation will only begin in March 2020.