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 training spend on Black employed and unemployed learners. To meet this target, training must be incurred before the financial year-end, and skills transfer must take place within the same period.
Don’t delay! Implementing learning solutions promptly ensures that payments towards salaries or stipends for learners count towards acceptable contributions. Avoid the last-minute rush and ensure peace of mind regarding your B-BBEE Skills Development Expenditure.
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