It’s Half-Year: How is you B-BBEE Skills Spend Going?
Many international entities have December as their year-end, whereas South African companies typically have February as their year-end. This means that an entity with December as year-end, who wishes to do a BEE scorecard rating based on their 2022 financials, has only a few months left to make any contributions or payments to meet targets, […]
For Youth Day – Addressing Black Youth Unemployment in South Africa: The Power of Skills Development and its Impact on the B-BBEE Scorecard
South Africa grapples with a Black youth unemployment rate of job-seekers between 15 and 24 years old, pitching at 62.1% in the first quarter of 2023! That translates into approximately 18 million Black youths who don’t have any form of income. The magnitude of this challenge calls for urgent measures, and one promising solution lies […]
Massive Impact: The QCTO and B-BBEE Scorecards!
It is the new dawn: the gate on SETA qualifications is closing. The Minister of Higher Education recently confirmed that the transfer of the ownership of qualifications away from the SETAs to the Quality Council for Trades and Occupations, (also known as the QCTO), will take place in June 2023, with no extension being given […]
The Skills Development Conundrum in South Africa
To address the skills shortage and unemployment in South Africa, the government has implemented Acts, policies, and tools. Skills Development Expenditure is a key element of the B-BBEE Scorecard, with a minimum 40% contribution required for the best BEE level. If a company fails to reach 40%, it drops one level on the scorecard. However, […]
What is Skills Development Expenditure in South Africa?
Skills Development is a priority element on the Skills Development element of the B-BBEE Codes and Scorecard. “Priority element” means that, if the measured entity fails to comply, it will drop one level on its scorecard. The Skills Development Scorecard allocates points for: The Skills DevelopmentScorecard constitutes 25 points towards the B-BBEE Scorecard. Skills Development […]
The Business Case for getting a B-BBEE Certificate in South Africa
As a CEO of a company in South Africa, it is important to understand the significance of Broad-Based Black Economic Empowerment (B-BBEE) certification. B-BBEE is a government initiative aimed at promoting economic transformation and enhancing the economic participation of previously disadvantaged individuals in South Africa. The overarching goal of the BBBEE programme is the upliftment […]
We are driven by Our Company Values
Our values act as guiding principles that provide us with purpose and direction and set the tone for our interactions with its clients, learners, employees and other stakeholders. 𝐈𝐧𝐭𝐞𝐠𝐫𝐢𝐭𝐲: Conduct business through stringent ethical standards, transparency and honesty. 𝐓𝐫𝐮𝐬𝐭: We say what we mean, we keep our promises. 𝐑𝐞𝐬𝐩𝐞𝐜𝐭: Treat our employees and clients with […]
Making Skills Spend Happen through our Project Management Approach
One of the ways in which we ensure that our clients have peace of mind experiences, is to apply a project management approach diligently. Each contract with a client is run as a project. The project launches after the proposal has been accepted and the skills funding model has been approved. An initial session is […]
SIMPLIFYING B-BBEE SKILLS SPEND
– Do you need someone to demystify the complexity of B-BBEE Skills Development Expenditure? – Wanting to have a single go-to place to manage and implement all your B-BBEE Skills Development Expenditure requirements? – Interested in creating savings in your Skills Development Expenditure? Unlocking the best financial and operational plan for your spend. Then let’s connect to explore […]