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4. Skills Development
The Skills Development element is similar to that contained in the BEE
Generic Codes, however the target is slightly less at 5% of the leviable
amount (3% for QSE’s). Mandatory training for estate agents or property
practitioners as defined by the Estate Agency Affairs Board may qualify
as skills development contributions.

5. Enterprise and Supplier Development
Save for slight differences in point allocation, all principles relating to
this element are the same as under the Generic Codes. The targets
for all sub-elements, namely Procurement, Supplier Development, and
Enterprise Development, are also the same as in the Generic Codes.
As with the previous Property Charter, an additional indicator on the
Procurement scorecard is included, which measures procurement
spend with 51% black owned property service enterprises.
6. Socio-Economic Development

This element has remained unchanged.
7. Economic Development

This element is unique to the Amended Property Charter, and has
deviated slightly from the previous Property Charter. The element now
only measures economic development investment in under-resourced
areas. Generic entities may also elect to contribute towards economic
development programmes. Where a QSE has not engaged in property
development for that year, this element will not be applicable.

As an estate agency that does not qualify as an EME, all of the above
elements have to be complied with, with the exception of Economic
Development as an estate agency is not involved in actual property
development. The total available points of the other six elements are
then simply adjusted in order to achieve a certain recognition level.
Given the Amended Property Charter’s differences when compared to
the Generic Codes, it is advised that a BEE professional is consulted
in order to provide you with the necessary guidance to navigate the
peculiarities of the amended Property Charter and ensure your agency
is prepared to be verified under the QSE scorecard of the Amended
Property Charter.

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