Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)

Amended Codes of Good Practice (2013)

Amended Code Series 300: The General Principles for Measuring Skills Development

Statement 300: The General Principles for Measuring Skills Development

4. Subminimum and Discounting Principle
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4.1A Measured Entity must achieve a minimum of 40% of the targets set out in the Skills Development Element

 

4.2Non-compliance to the threshold targets will result in the overall achieved B-BBEE status level being discounted in accordance in paragraph 3.4 of statement 000.