For companies with a December financial year end, the clock is ticking to lock in the transformation elements that drive your B-BBEE scorecard and make a lasting social impact.
Key Year-End Priorities
Before the books close, review these critical pillars:
Skills Development – Ensure learnerships, accredited training, and bursaries are completed and reported. Claims must be backed by SETA documentation to count toward your spend targets.
Procurement & Enterprise/Supplier Development (ESD) – Confirm that qualifying suppliers are correctly classified, invoices are processed, and ESD contributions are documented.
Socio-Economic Development (SED) – Finalise donations or initiatives that directly benefit underprivileged South Africans and obtain Section 18A certificates.
Don’t Miss These Additional Deadlines
Employment Equity (EE) Reporting – The reporting window closes 15 January 2025. Employers must submit EE reports to remain compliant and avoid penalties while building an inclusive workplace.
Workplace Skills Plan (WSP) & Annual Training Report (ATR) – The next WSP/ATR submission window opens soon after year end. Early preparation ensures your skills development spend is recognised and eligible for mandatory grants.
Extra Requirements for Financial Services Firms
If you’re in financial services, remember two additional scorecard elements:
Consumer Education – Demonstrate how you educate customers about financial products and inclusion.
Fundisa Retail Fund Alternative – Consider comparable bursary or education-savings programmes to secure bonus points.
Introduce the Thooto App
One way to meet SED and Skills Development objectives—and create measurable social value—is by supporting Thooto, the AI-powered learning platform featured in the Learn2Earn initiative
AI tutoring adapts to each learner’s style, boosting math and science proficiency.
Students earn Zlto points redeemable at over 3 000 retail partners, motivating consistent engagement.
Just R500 sponsors a child for a full year of free tutoring, helping bridge South Africa’s STEM education gap.
Why It Matters
By partnering with programmes like Thooto, you’re not just checking compliance boxes—you’re empowering underprivileged youth to thrive in a digital economy. It’s a direct investment in South Africa’s future talent pipeline and a powerful story for your annual B-BBEE verification.
Act now: finalise all contributions, training completions, EE reporting, and WSP/ATR preparations before your December year end to secure points and deliver lasting impact.
