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Higher Education Bursaries

The amended B-BBEE Codes gazetted 31 May and implemented in Dec 2019 introduced a new scorecard indicator, namely bursaries for black students for theoretical training at accredited and registered higher education institutions.

Skills Development Scorecard Generic Enterprices
Skills Development Elements Weighting points Compliant Target
2.1.2.2 Bursaries for Black Students at Higher Education Institutions. 4 2.50%

Learnerships

The B-BBEE Code's Learning Programme matrix sets out a number of areas including Learnerships and Internships, where skills Development is possible.

Skills Development Scorecard Generic Enterprices
Skills Development Elements Weighting points Compliant Target
2.1.2 Learnerships and Internships as a percentage of total employees. 6 5%

Disabled Solutions

The amended B-BBEE codes gazetted 31 May 2019 and implemented in Dec 2019 provide extra incentives for companies to employ and invest in the develoment of black people with disabilities

One of the most marginalised groups in our population has always been people with disabilities in our poorest black communities.

Skills Development Scorecard Generic Enterprices
Skills Development Elements Weighting points Compliant Target
2.1.2.3 Skills Development Expenditure on black employees with disabilities as a percentage of the Leviable Amount 4 0.30%

B-BBEE Absorption

The BBBEE (Broad-Based Black Economic Empowerment) scorecard is a South African government initiative to promote economic transformation and empowerment. The absorption points on the BBBEE scorecard refer to the skills development element, which aims to measure a company's efforts to upskill and retain previously disadvantaged individuals.

Skills Development Scorecard Generic Enterprices
Skills Development Elements Weighting points Compliant Target
2.1.3 Full time employment of black people at the end of their LAI as a percentage of the total (bonus Points). 5 100%

The skills development element, including absorption points, accounts for 25 points on the overall BBBEE scorecard, making it a significant aspect of a company's empowerment initiatives.

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