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

Annexe 300(B)

A: Measurement of Skills Development Indicators
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When determining the target for each racial group within the definition of black the following table should be utilised in C under Formula 1 below:

 

Formula 1

 

The calculation of the Skills Development indicators provided for in paragraph 2.1.1.1 and 2.1.2 as follows:

 

1.1    

1.2      For each indicator

 

1.3      Where

 

1.4     A is the percentage spend on Black employees (indicator 2.1.1.1) or percentage of Black people (indicator 2.1.2) for each indicator as measured in the Skills Development Scorecard using the annual EAP targets as published in the Regulations of Employment Equity Act and Commission of Employment Equity Report.

 

1.5     AM is the percentage of spend (indicator 2.1.1.1) or people( indicator 2.1.2) in the measurement category that are African Males

 

1.6     CM is the percentage of spend ( indicator 2.1.1.1) or people( indicator 2.1.2) in the measurement category that are Coloured Males

 

1.7     IM is the percentage of spend ( indicator 2.1.1.1) or people( indicator 2.1.2) in the measurement category that are Indian Males

 

1.8     AF is the percentage of spend ( indicator 2.1.1.1) or people( indicator 2.1.2) in the measurement category that are African Females

 

1.9     CF is the percentage of spend ( indicator 2.1.1.1) or people( indicator 2.1.2) in the measurement category that are Coloured Females

 

1.10   IF is the percentage of spend ( indicator 2.1.1.1) or people( indicator 2.1.2) in the measurement category that are Indian Females

 

1.11   C is the compliance target as per the Regulations of Employment Equity Act for that measurement sub-category