Definition of Skills Development Expenditure

Definition in terms of the B-BBEE Codes of Good Practice of 11th October 2013 (BEE Codes 2013)

Skills Development Expenditure

Comprises the money that a Measured Entity spends on skills development. It excludes the skills development levy payable by the Measured Entity under the Skills Development Levies Act;

BizAdvance Consulting comments and references:

Relates to the Skills Development element of the scorecard, Statement 300, page 49.

Skills development expenditure is measured as a percentage of the Leviable Amount in order to determine points for this element.

Refer to 2.1.1 page 50.

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