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

Codes of Good Practice on Broad-Based Black Economic Empowerment

Property Sector Charter

11. Learnerships

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(11.1)Enterprises in the sector are not adequately investing in skills development and consequently there are limited levels of workplace development and continued professional training. There are also an insufficient number of structured and accredited training programmes or curricula in property related professions.

 

(11.2)The parties to the charter commit from gazetting of the sector code to address the backlog in structured skills development. This programme will be designed in partnership with the sector, the SETA, the Estate Agency Affairs Board ("the EAAB") and any other sector regulatory body, academic institutions and government.

 

(11.3)Enterprises in the sector commit to achieve the following targets:
(11.3.1)3% of skills development expenditure of learning programmes, specified in the learning matrix for black employees as a percentage of leviable amount using the adjusted recognition for gender, in addition to the skills development levy;
(11.3.2)5% of black employees participating in learnerships or Category B, C, D programme as a percentage of total employees using the adjusted recognition for gender; and
(11.3.3)0.3% skills development expenditure on learning programmes, specified in the learning matrix for black employees with disabilities as a percentage of leviable amount using the adjusted recognition for gender.

 

(11.4)In addition to the above, enterprises in the sector will:
(11.4.1)Implement internships in terms of which academically qualified individuals work under supervision of qualified professionals to upgrade the professionalism in the sector;
(11.4.2)Focus on recognition of prior learning to determine the level of competency in the sector and promote further development and training to improve the level of competency in the sector; and
(11.4.3)Promote continuous professional development in the sector.

 

(11.5)Comply with key principle measurement principles in the Codes of Good Practice.

 

CODE 400: SKILLS DEVELOPMENT SCORECARD

 

CATEGORY

SKILLS DEVELOPMENT ELEMENT

WEIGHTING POINTS

COMPLIANCE TARGET

Matrix

Skills Development Expenditure on Learning Programmes, specified in the Learning Programme Matrix for black employees as a percentage of Leviable Amount using the adjusted recognition for gender

6

3%

Matrix

Skills Development Expenditure on Learning Programmes, specified in the Learning Programme Matrix for black employees with disabilities as a percentage of Leviable Amount using the adjusted recognition for gender

3

0.3%

Learnerships

Number of black employees participating in learnerships or category B,C and D programme as a percentage of total employees using the adjusted recognition for gender

6

5%

 

Refer to Annexe 400A- Learning programme Matrix