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Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)

Codes of Good Practice on Black Economic Empowerment

Integrated Transport Sector Codes

Maritime Transport & Services Industry Sub-Sector Code for B-BBEE

3. Indicators of Empowerment

3.5 Skills Development

3.5.2 Private Industry undertakes to:

 

 

3.5.2.1 Invest at least 5% of payroll or the leviable amount (whichever is applicable) on skills development initiatives within the next 5 years. The target is inclusive of all associated costs and the current 1% skills development levy. Fifty percent - 50% of the beneficiaries of these initiatives should be black women.

 

3.5.2.2 Invest at least 0.5% of payroll on skills development initiatives for black people living with disabilities, over and above the 1% skills levy within the next 5 years. 50% of the beneficiaries of these initiatives should be black women  living with  disabilities.  Black  employees  having  participated  in Learnerships or Category B, C or D programmes  being 5% of the total employees 50% of the beneficiaries of these initiatives should be black women.

 

3.5.2.3 Identify within and outside their companies a talent pool of black people for accelerated development through:

 

3.5.2.3.1 International assignments that provide high-quality operational and managerial exposure, where appropriate;
3.5.2.3.2 Mentorship programmes;
3.5.2.3.3 Learnerships;
3.5.2.3.4 Intra-industry exchange and internship programmes; and
3.5.2.3.5 Higher education and training.

 

3.5.2.4 Measured entities qualifying as QSEs to invest 2% of the leviable or payroll whichever is applicable on skills development expenditure on learning programmes for black employees. 50% of this amount to be spend on learning programmes for black women employees.