Urgent Attention Required: B-BBEE Year-End Looms
As February draws to a close, companies with a February year-end are racing against time to meet their B-BBEE targets. With only days left, it’s crucial to finalize contributions and payments, as well as plan for the next financial and B-BBEE measurement period. Skills Development Expenditure is a priority element on the B-BBEE scorecard, measuring […]
Understanding the Transition to QCTO of NATED Qualifications
As leaders in our respective industries, it’s essential we stay informed about the developments in vocational training and education. One crucial aspect is the NATED qualifications (specifically N4, 5 and 6), which have been a cornerstone of technical and vocational education and training (TVET) in South Africa. What are the NATED Qualifications? NATED (National Accredited […]
New B-BBEE Regulations for Lawyers and Estate Agents in South Africa
South Africa’s recent regulatory updates require lawyers and estate agents to comply with Broad-Based Black Economic Empowerment (B-BBEE) sector codes. The Legal Practice Act and Estate Agency Affairs Act emphasize transformation, are now aligning with B-BBEE objectives. Key Requirements for Lawyers Ownership and Management Control: Meet specific targets for B-BBEE compliance. Skills Development: Invest in […]
Dear Business Owner
Dear Business Owner As a respected entrepreneur with a turnover exceeding R50m, you understand the importance of strategic partnerships. For your B-BBEE Skills Development Expenditure (SDE), I strongly recommend collaborating with Skills College. Our niche expertise lies in empowering QSE companies like yours to maximise B-BBEE SDE through our consultative approach. By partnering with us, […]
Why Debate Skills Development or Job Creation?
Why Debate Skills Development or Job Creation? The debate surrounding skills development versus job creation has sparked intense discussion, particularly in the context of South Africa’s Broad-Based Black Economic Empowerment (B-BBEE) policy. Some argue that prioritising employment opportunities over training programs is the key to economic empowerment. However, this is not an either-or debate. In […]
Inadequate Monitoring: A Hindrance to Effective B-BBEE Skills Development
The effectiveness of Broad-Based Black Economic Empowerment (B-BBEE) skills development expenditure in South Africa is frequently marred by inadequate monitoring and evaluation mechanisms. This shortcoming undermines the very purpose of B-BBEE, which aims to promote economic transformation and address historical inequalities. The lack of robust monitoring and evaluation systems makes it challenging to assess the […]
B-BBEE Skills Development: Authenticity vs. Exploitation
In South Africa, the Broad-Based Black Economic Empowerment (B-BBEE) Skills Development initiative aims to uplift black employees and drive economic growth. However, concerns have been raised about companies exploiting the system by claiming points for initiatives that lack genuine impact. To avoid perpetuating this exploitation, companies must prioritise authenticity over mere compliance. They can learn […]
The Misaligned Mission of B-BBEE Skills Development Expenditure
The Broad-Based Black Economic Empowerment (B-BBEE) scorecard was designed to uplift previously disadvantaged South Africans, but an alarming trend has emerged. Critics argue that B-BBEE skills development initiatives prioritise compliance over addressing genuine business needs and industry skills gaps. This misalignment is a stark irony, considering the B-BBEE scorecard’s original purpose of transformation. Instead of […]
The ROI of B-BBEE Skills Development: A Smart Investment for South African Companies
As South African companies navigate the complexities of Broad-Based Black Economic Empowerment (B-BBEE), one aspect stands out as a wise investment: Skills Development Expenditure (SDE). While some view B-BBEE as a compliance burden, savvy businesses recognize the Return on Investment (ROI) of upskilling their workforce. On the generic scorecard, SDE accounts for 25 points, with […]
Changing Lives: The Power of Learner Experience in B-BBEE Skills Development Expenditure
As a leading South African training provider, Skills College is witnessing the transformative impact of prioritising Learner Experience in Broad-Based Black Economic Empowerment (B-BBEE) Skills Development Expenditure (SDE) initiatives. When companies deploy practices to maximise Learner Experience for Black Youths on learnerships and bursaries, the difference is profound. A VaVaVoom Learner Experience (which we aim […]