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

5.2 Key measurement principles
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5.2.1)Any Skills Development Spend by a Measured Entity that is an ABET programme is recognisable at a multiple of 1.25 to the actual value of such Skills Development Spend.

 

5.2.2)Skills Development Spend includes any legitimate expenses incurred for any Learning Programme offered by a Measured Entity to its employees evidenced by an invoice or appropriate internal accounting record.

 

5.2.3)Legitimate training expenses include:

 

5.2.3.1)costs of training materials;

 

5.2.3.2)costs of trainers including, where appropriate, the opportunity cost of internal trainers;

 

5.2.3.3)costs of training facilities including costs of catering;

 

5.2.3.4)scholarships and bursaries;

 

5.2.3.5)course fees;

 

5.2.3.6)accommodation and travel; and

 

5.2.3.7)administration costs such as organization of training including, where appropriate, the cost to the Measured Entity of employing a skills development facilitator or a training manager.

 

5.2.4)No portion of any salary or wage paid to any employee participating as a learner in any Learning Programme constitutes Skills Development Spend unless the Learning Programme is an In-service Training Programme.