Acts Online
GT Shield

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

Amended Codes of Good Practice (2018): Youth Employment Service Initiative

Amended Code Series 000: Framework for Measuring Broad-Based Black Empowerment

Statement 000: Youth Employment Service

7. Informal Skills Development Spend for the Y.E.S Initiative

 

7.1 Informal Skills Development expenditure for Y.E.S employees will be recognised during the Verification Process of the Skills Development element under Amended Code Series 300, Statement 300. Y.E.S Measured Entities will be able to claim up to 50% of their Skills Development Spend as Informal Training (Category F and G of the Skills Development Matrix) against the Skills Development Scorecard.

 

TABLE 1 - ANNEXURE A: GENERIC ENTITY TARGETS

 

TOTAL REVENUE BAND (RM)

MINIMUM BLACK YOUTH JOBS

50 - 75

6

75 - 99

7

100 - 149

8

150 - 199

9

200 - 249

10

250 - 299

11

300 - 349

12

350 - 399

13

400 - 449

14

450 - 500+

15

 

 

 

TABLE 2 - ANNEXURE B: EME/QSE HEADCOUNT TARGETS

EME/QSE HEADCOUNT

Y.E.S YOUTH TARGET

EME/QSE HEADCOUNT

Y.E.S YOUTH TARGET

1 - 19

1

400 - 419

21

20 - 39

2

420 - 439

22

40 - 59

3

440 - 459

23

60 - 79

4

460 - 479

24

80 - 99

5

480 - 499

25

100 - 119

6

500 - 519

26

120 - 139

7

520 - 539

27

140 - 159

8

540 - 559

28

160 - 179

9

560 - 579

29

180 - 199

10

580 - 599

30

200 - 219

11

600 - 619

31

220 - 239

12

620 - 639

32

240 - 259

13

640 - 659

33

260 - 279

14

660 - 679

34

280 - 299

15

680 - 699

35

300 - 319

16

700 - 719

36

320 - 339

17

720 - 739

37

340 - 359

18

740 - 759

38

360 - 379

19

760 - 779

39

380 - 399

20

780 - 799

40