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

Industry Charters

Purchase

5) Statement 2804: Skills Development for QSE's

a) The QSE Skills Development Scorecard

Skills Development Element		Weighting Points	Compliance Target
5.1	Skills Development Expenditure in respect of all employees on learning programmes as a percentage of Leviable Amount	10	1.5%
5.2	The portion of Skills Development Expenditure, spent on Black People, expressed as a percentage of total Skills Development Expenditure using the Adjusted Recognition for Gender.	15	70%

All relevant principals defined in Code 2400 and Statement 804 apply to Code 2804

The Adjusted Recognition for Gender must be applied as in paragraph 1.1.2 of Code 2400.