B-BBEE
What is Broad-Based Black Economic Empowerment (BEE)?
Black Economic Empowerment (BEE) is a government initiative promoting "positive discrimination" where historically disadvantaged individuals are treated as equals within the business climate following the societal damage of racial segregation in South Africa. Simply put, B-BBEE was implemented with a view to "uplift previously disadvantaged groups in South Africa”
The 5 pillars of B-BBEE are:
- Equity Ownership
- Management Control
- Skills Development
- Socio-economic Development
- Enterprise & Supplier Development
How B-BBEE benefits your Organisation through Skills Development
Skills development is no longer a nice-to-have, it is a necessity for all businesses. Skills development is regarded as an important pillar for economic success and stability. Skills development also carries a lot of weight when it comes to B-BBEE compliance as it is a priority element which amounts to 20 points (and 5 bonus points) of the total scorecard points.
Skills Development and the B-BBEE Scorecard
- 8-points can be earned if employers invest 6% of payroll in training black employees.
- An additional 4-points can be earned of 0,3% if the total payroll is spend on learning programmes for disabled black learners
- By participating in learnerships, employers can claim an additional 4-points if 2.5% of the company’s head count is black unemployed learners
- An additional 5- bonus points can be earned if all the unemployed learners are gainfully employed on the conclusion of the learnership
Our B-BBEE Solution
Skills Junction offers B-BBEE aligned SETA programmes focusing directly on the skills needed in the service sector. Our core competency is to successfully manage learning projects and as project managers, We offer a one-stop solution in:
- SETA accredited learnerships for disabled unemployed individuals
- Enterprise and supplier development solutions geared towards unemployment and skills shortages
- YES programme implementation and management
- BEE verification facilitation
As a B-BBEE Level 1 Contributor, Skills Junction can help your business achieve points on your BEE Scorecard in the Skills Development category. Request your detailed digital brochure TODAY!
B-BBEE
How B-BBEE benefits your Organisation through Skills Development
Our B-BBEE Solution