Your SETA submissions are more important than ever before!
The deadline for the submissions of your SETA workplace skills plan (WSP), PIVOTAL plan and annual training report (ATR) is the 30th of April. These submissions are now a pre-requisite for entities wishing to be rated under the Amended B-BBEE Codes of Good Practice.
The Amended B-BBEE Codes have provided for the following pre-requisites for an organisation to score points under the Skills Development element:
- The organisation’s WSP, ATR and PIVOTAL Report must be SETA approved; and
- The organisation must implement a Priority Skills Programme for black people. Priority skills are defined as core, critical and scarce skills, which may be obtained from your SETA and are usually sector specific.
All of these requirements are applicable to both Large Enterprises (turnover exceeding R50m) and Qualifying Small Enterprises (QSE) (turnover between R10m and R50m), failing which:
- Zero points will be awarded for the Skills Development element of the scorecard, which has 20/25 weighting points (plus 5 bonus points). This would mean that the maximum number of points that could be achieved would be 75 excluding bonus points (QSE) and 84 points excluding bonus points (Large Enterprise)
- For a QSE, it could mean that the organisation may be discounted by one level on the scorecard as Skills Development is also a Priority element.
- For Large Enterprises, it will definitely result in the discounting by one level.
- Not being able to meet the Empowering Supplier criteria as all regulatory requirements have not been complied with.
Not being an Empowering Supplier means that your customers will not be able to recognise any spend with you, regardless of the BEE level. The Preferential Procurement element measures spend with Empowering Suppliers that are BEE compliant.