Are you ready to submit your annual BBBEE report?

The financial year end marks the deadline for many companies in terms of the submission of their annual BBBEE report. In June 2016 the BBBEE Act has made it compulsory for all listed companies and public entities to formally report on their empowerment status within 90 days of its financial year end. Skills development: an … Read more

Skills development and the BBBEE scorecard

Broad-Based Black Economic Empowerment (BBBEE) is a form of economic empowerment initiated by the South African government with the goal to distribute wealth across as broad a spectrum of previously disadvantaged South African society as possible. It is measured through the BBBEE Scorecard, a system made up by seven elements, each with a certain weighting … Read more

Introducing skills development as a quick fix solution for BEE verification

Introducing skills development as a quick fix solution for BEE verification Skills development is the biggest challenge for companies with an annual turnover of more than R50m. In a recent Business Day feature on BEE matters the author warns businesses to plan for skills development because longer training programmes like learnerships must at least start … Read more

Broad-Based Black Economic Empowerment and What it Stands For

Broad-Based Black Economic Empowerment or BBBEE is a particularly characteristic type of empowerment for the economy which was initially introduced by the government of South Africa as a thorough and active response against the traditional empowerment which was narrow-based and allegedly instituted by the country in 2003. The Things that You Need to Consider Now, … Read more

Accredited training for the unemployed – your solution to BEE compliance

Challenge: A highly qualified and specialised workforce does not require skills development Businesses with a small staff compliment, or in a very specialised field, often find themselves in a difficult situation when it comes to B-BBEE compliance, particularly pertaining to the skills development element of the BEE scorecard. Being able to conduct Category B or … Read more

Making skills development compliance and tax incentives easy with learnerships

Recent changes in South African taxation laws requires all businesses who are registered with SARS for employees’ tax purposes to also be registered with SARS for skills development, irrespective of whether they are excluded from paying the levy. Further changes in the BEE codes stipulates that all companies must comply to all elements of the … Read more