OF TRANSFORMING INTEREST | ENHANCED RECOGNITION - WHAT DOES IT MEAN?

According to the Generic Codes of Good Practice (Codes), a Qualifying Small Enterprise (QSE) is an organisation with an annual turnover of between R10m and R50m. However, there are two categories for QSEs based on the ownership structure. A QSE that has 2.1.1.2 refers: “Skills Development Expenditure on bursaries for ‘Black’ Students at Higher Education Institutions”.

Historically, this principle results in organisations giving preference to unemployed Bursars, where they can claim a higher overall cost.

Members need to consider the return on investment as well as the B-BBEE points when developing their bursary strategy. Furthermore, members must ascertain whether bursaries fall into their Employee Value Proposition (EVP) and their Training Plan before being driven blindly by the B-BBEE points in isolation.

Our Skills Development Service Desk is on hand to guide members in making expenditure claims.