Under the Revised B-BBEE Codes of Good Practice, Skills Development spending now encompasses education and training of both employees and non-employees (such as university students and staff). All Wits degree and short course programmes are aligned to the B-BBEE Skills Development Learning Programme Matrix and qualify for varying amounts of skills development spending. For more information, access the BBBEE Investment Solutions Brochure.
Important B-BBEE Considerations:
- The terms and conditions of the sponsorship will need to meet specific criteria to qualify for B-BBEE Scorecard points.
- Up to 15% of your B-BBEE Skills Development spending can fund student accommodation, catering and travelling expenses.
- For bona fide donations, donors may be entitled to a tax rebate and claim B-BBEE points under the Socio-Economic Development element.
When the selection of students is not done by the University, the contribution is seen as a sponsorship and does not qualify for a tax rebate. The contribution may, however, qualify for B-BBEE points.
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