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

Amended Codes of Good Practice (2013)

Purchase

3.1	The following criteria must be fulfilled in order for the Measured Entity to receive points on the Skills Development Element scorecard:

3.1.1

Workplace Skills Plan, an Annual Training Report and Pivotal Report which are SETA approved; and

3.1.2

Implementation of Priority Skills programme generally, and more specifically for black people.

3.2	The 6 % compliance target under paragraph 2.1.1.1 includes external training expenditure for unemployed black people.

3.3	A trainee tracking tool has to be developed in order for the Measured Entity to score under paragraph 2.1.3.

3.4	If less than 100% of the trainees are absorbed under paragraph 2.1.3, the percentage achieved or absorbed will be recognised.