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

Codes of Good Practice on Black Economic Empowerment

Code Series 800 : Codes of Good Practice for Qualifying Small Enterprises (QSE’s)

5. Statement 804: Skills Development For QSE's

5.2 Key measurement principles


5.2.1) Any Skills Development Spend by a Measured Entity that is an ABET programme is recognisable at a multiple of 1.25 to the actual value of such Skills Development Spend.


5.2.2) Skills Development Spend includes any legitimate expenses incurred for any Learning Programme offered by a Measured Entity to its employees evidenced by an invoice or appropriate internal accounting record.


5.2.3) Legitimate training expenses include: costs of training materials; costs of trainers including, where appropriate, the opportunity cost of internal trainers; costs of training facilities including costs of catering; scholarships and bursaries; course fees; accommodation and travel; and administration costs such as organization of training including, where appropriate, the cost to the Measured Entity of employing a skills development facilitator or a training manager.


5.2.4) No portion of any salary or wage paid to any employee participating as a learner in any Learning Programme constitutes Skills Development Spend unless the Learning Programme is an In-service Training Programme.