The transformation from the SETA-based landscape to the QCTO-based landscape in June 2024 creates a burning platform for companies aiming to maximise their B-BBEE (Broad-Based Black Economic Empowerment) Skills Development Expenditure benefits. Under the QCTO (Quality Council for Trades and Occupations), there are new accreditation requirements and frameworks that companies must adhere to for skills development initiatives. This transition necessitates swift adaptation to new regulatory and procedural frameworks, impacting existing qualifications, training programs, certification processes, and compliance criteria.

For companies, the urgency lies in aligning their skills development strategies with the new QCTO standards to continue qualifying for BEE benefits. The QCTO’s emphasis on quality assurance and competency-based assessments requires companies to reassess and possibly redesign their training curricula to meet these standards. Moreover, companies must ensure that their training providers and assessors are accredited by the QCTO, a process that may require time and resources.

Strategically leveraging this transition period involves proactive engagement with QCTO guidelines, updating training frameworks, and securing necessary accreditations to optimise B-BBEE Skills Development Expenditure benefits. This adaptation not only ensures regulatory compliance but also strengthens the company’s position within the evolving B-BBEE landscape, fostering sustainable growth and competitive advantage in a market increasingly driven by compliance and social responsibility metrics.

Skills College has done its preparation to maximise the extension of the legacy qualifications and also to be ready for the new world of the QCTO. Contact me via return email if you are looking for a way to maximise your SETA and/or QCTO skills spend!