Property Sector Charter 2017

CHAPTER 4:
SKILLS DEVELOPMENT
This chapter reports about skills development within
enterprises in the property sector.
4.1 DEFINITION OF SKILLS DEVELOPMENT
Skills development measures the extent to which enterprises implement measures that are aimed at
developing the core technical skills and competencies of black employees in order to perform their
duties as property practitioners or management of enterprises, and subsequently develop the economy
of the country. Skills development is defined as “the transfer or gaining of technical knowledge, related
skills, values and attitudes in order to develop proficiency and to develop a person’s natural aptitudes
and other abilities to improve his/her capabilities as a worker. Training, which generally takes place
outside formal educational institutions, is, more often than not, directed towards the needs of a
specific employer or group of employers. Skills development spend refers to the direct cost, excluding
peripheral costs, incurred by a company for accredited or sector acknowledged training and
development including costs related to learnerships and bursaries and excluding the skills levy as per
the Skills Development legislation (Property Sector Code).”
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