In South Africa, Broad-Based Black Economic Empowerment (BBBEE, or BEE as it is more commonly known) is a complex system of rules and guidelines designed to effect socio-economic transformation by levelling the playing field for people of all races. While the major legislation involved is the Broad-Based Black Economic Empowerment Act, No.53 of 2003 [...]
Introduction Since 2002 Eskilz has offered financial aids to both individuals and corporate in the form of Personal Finance, DTI finding and SETA Funding. Unfortunately, We have continuously had a challenge of clients not understanding or miscommunication between DTI Funding and SETA Funding. So without further ado let's break it down. DTI Funding If you [...]
Skills Development and BBBEE Understanding Skills Development is no longer only a nice-to- have, it is a necessity for all companies. Skills Development has always been regarded as an important pillar for economic success and stability, however, with practical issues, like a lack of access to funding, facing South Africa, other avenues had to be [...]
National Skills Development Strategy The National Skills Development Strategy (NSDS) is the tool used by the Department of Labour to drive the process of developing the skills of the South African labour force. Six conceptual pillars: Inclusion, Relevance, Sustainability, Creativity, Quality and Quantity inform its key aims and objectives. The NSDS is under-pinned by three [...]
How much your business could be fined for not following SA’s BEE laws Last year, Mildred Oliphant, indicated that she would be looking at actively enforcing and increasing the punishments for non BEE-compliant companies. According to the 2017 Employment Equity report, which was based on 26 255 employment equity reports from companies across South Africa, [...]
Private sector work moving to black-owned agencies It’s still a struggle to do business as a black person with both the private sector and the government. With the BBBEE Mac Charter coming into play, the prediction is that more private-sector work will slowly be moving to black-owned. It will be interesting to see what 2018 [...]
Eskilz Skills Development and BBBEE aligned services Understanding South Africa’s ever changing, dynamic economy is critical in recognising the skills development gap that is always one of the main reasons for our poor economy. Kamal Timmal, CEO of Eskilz, offers innovative training and development solutions to help upskill people through learnerships, nationally and offer businesses [...]
