The People Living with Disabilities Dimension of the B-BBEE Scorecard
Participating in a learnership can offer several benefits to individuals living with disabilities in South Africa, as well as to the companies sponsoring those learnerships. Benefits for Individuals with Disabilities: Skills Development: Learnerships provide individuals with disabilities the opportunity to acquire new skills and knowledge that can enhance their employability and career prospects. Work Experience: […]
Turning the Youth Unemployment Catastrophe around through Training
The Catastrophe The high levels of unemployment among black youths in South Africa pose multifaceted risks to both individuals, companies and the nation. Unemployment Rate: The youth unemployment rate in South Africa was particularly high, with around 46.5%, and the rate for black youth tended to be higher than the national average. (STATS SA). Poverty […]
Skills Development Expenditure as Priority Element on the B-BBEE Scorecard
Skills Development as B-BBEE Element The Skills Development Expenditure element emphasizes the importance of enhancing the skills and capabilities of black individuals (previously disadvantaged groups in South Africa, including Black Africans, Coloureds, Indians, and others) through training and development initiatives The Skills Development Expenditure element typically involves the following components: Companies that invest […]
Peace of Mind Client Experience – Our Magic Sauce!
The Pervasiveness of Shocking Quality We have been desensitised as South Africans to accept mediocrity of products and service delivery. The pervasiveness of this mediocrity stretches from the highest levels of government to having a clean wineglass in a restaurant! The common denominator underlying this reality is that we as clients and customers […]
Bursaries as SDE Instrument of the B-BBEE Scorecard
Bursaries is a key component of the Skills Development Expenditure (“SDE”) element within the Broad-Based Black Economic Empowerment (B-BBEE) scorecard in South Africa. B-BBEE is a government-driven initiative aimed at promoting economic transformation and empowering historically disadvantaged individuals in the country. The Skills Development Expenditure element forms an integral part of the B-BBEE scorecard, focusing […]
The Winds of Change are blowing over the Skills Development Landscape in SA
The British Prime Minister Harold Macmillan made a speech to the Parliament of South Africa on 3 February 1960 in Cape Town, in which he remarked that “The winds of change are blowing in Africa”. We are at such a point again in the world of Skills Development in South Africa. There is a huge […]
THE ELUSIVE SCORECARD ABSORPTION POINTS!
Absorption falls under the Skills Development Scorecard as indicated in paragraph 2.1.3 under Bonus Points “Number of ‘Black’ People absorbed by the Measured and Industry Entity at the end of the Internship, Learnership and Apprenticeship programme under paragraph 2.1.2.1. Absorption recognition applies to Black people who, upon completion of a Learnership, Internship or Apprenticeship, secure […]
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 […]