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.

Comments are based on the opinion of BizAdvance Consulting and may be subject to different interpretations and opinions by other parties. The comments and references are intended as a guide to readers but it is important that they are read in conjunction with the Codes and other related legislation. Please refer to our Disclaimer Policy.