What changed and how it affects me and my company
On 9 April 2019, the Minister of Trade and Industry signed four amendments to the Amended Generic B-BBEE Codes of 2013. These amendments were gazetted on Friday 31 May 2019 and will come into effect on 31 November 2019
How it worked.
How it works now.Government Gazette Vol. 647 31 May 2019 No. 42496
Key measurement principles
The following criteria must be fulfilled in order for the Measured Entity to receive points on the Skills Development Element scorecard:
- The 3.5% compliance target under paragraph 188.8.131.52 includes external training expenditure for unemployed black people.
- Initiatives implemented under paragraph 184.108.40.206 cannot be counted under paragraph 220.127.116.11.
- A trainee tracking tool has to be developed in order for the Measured Entity to score under paragraph 2.1.3
Sub-minimum and Discounting Principles
- The Entity must achieve a minimum of 40% of the total weighting points EXCLUDING BONUS points (40% of the 20 points i.e. 8 points).
- Skills Development Expenditure arising from Informal and workplace Learning Programmes, or from Category F and G under the Learning Programmes Matrix represent 25% (previously 15%) of the total value of Skills Development Expenditure.
- Training costs such as accommodation, catering, travelling, SDF or training Manager does not apply to Skills Development Expenditure recognised in paragraph 18.104.22.168.
- Stipend linked to a bursary programme in terms of 22.214.171.124 constitute Skills Development Expenditure.
- Mandatory training i.e Health and Safety does not qualify as Skills Development Expenditure.