Statistics Act, 1999
R 385
Broad Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)Codes of Good Practice on Black Economic EmpowermentCode Series 800 : Codes of Good Practice for Qualifying Small Enterprises (QSE’s)5. Statement 804: Skills Development For QSE's5.2 Key measurement principles |
5.2.1) | Any Skills Development Spend by a Measured Entity that is an ABET programme is recognisable at a multiple of 1.25 to the actual value of such Skills Development Spend. |
5.2.2) | Skills Development Spend includes any legitimate expenses incurred for any Learning Programme offered by a Measured Entity to its employees evidenced by an invoice or appropriate internal accounting record. |
5.2.3) | Legitimate training expenses include: |
5.2.3.1) | costs of training materials; |
5.2.3.2) | costs of trainers including, where appropriate, the opportunity cost of internal trainers; |
5.2.3.3) | costs of training facilities including costs of catering; |
5.2.3.4) | scholarships and bursaries; |
5.2.3.5) | course fees; |
5.2.3.6) | accommodation and travel; and |
5.2.3.7) | administration costs such as organization of training including, where appropriate, the cost to the Measured Entity of employing a skills development facilitator or a training manager. |
5.2.4) | No portion of any salary or wage paid to any employee participating as a learner in any Learning Programme constitutes Skills Development Spend unless the Learning Programme is an In-service Training Programme. |