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

Codes of Good Practice on Black Economic Empowerment

Code Series 800 : Codes of Good Practice for Qualifying Small Enterprises (QSE’s)

5. Statement 804: Skills Development For QSE's

5.1 The QSE Skills Development Scorecard
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5.1.1)The following table represents the criteria used for deriving a score for skills development under this statement:

 

Skills Development Element

Weighting Points

Compliance Target

Adjusted skills development spend on learning programmes for black employees as a percentage of Leviable amount.

25

2%