With the implementation of the amended BEE Codes, Skills Development has become a strategic priority for businesses that wish to retain or attain an acceptable BEE level and in the same time also meet the requirements of the Skills Development Act. With the revised BEE scorecard, companies can earn maximum Skills Development points if they spend the required 3% or 6% of their annual payroll on Sector Education Training Authority (SETA) accredited training initiatives. By participating in SETA accredited learnership programmes and training initiatives, businesses will obtain full points on the Skill Development element in the BEE scorecard.
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