Employment Equity

Important Update The EE Amendment Act, No. 4 of 2022 has not yet taken effect, all designated employers, regardless of size, must submit their 2023 EE Reports (EEA2 and EEA4 forms) using the current Employment Equity Act, 1998 (EEA). – Department of Labor. Purpose The aim of the Employment Equity Act is to achieve equity…

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The Silver Lining

Learnership 18.2 Learner Youth unemployment is unquestionably structural and systemic in South Africa. Even at the peak of the economic cycle, the economy’s overall inability to provide employment for the youth stands at 63.9%, according to Stats SA’s most recent Quarterly Labour Force Survey. A lack of education and training, as well as a discrepancy…

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Reasons to Invest in Employee Development

Why invest in employee training during economically challenging times?  The short answer is that training and development are critical to your company’s success. In the past, employees were rated on the 3 R’s – Reading, writing, and arithmetic. These abilities are no longer sufficient for success in today’s business environment that is constantly responding to…

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Learnership Tax Incentives

Skills Development Levy All businesses with a payroll of more than R500 000 per year are required to pay SARS 1% of their annual salaries to the Skills Development Levy (SDL). SARS will automatically assign your company’s SDL to the SETA they believe you should be registered with. The funds are to be used to…

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Skills Development and B-BBEE

B-BBEE Codes of Good Practice – Skills Development Element Skills Development is one of the compulsory priority elements under the Codes of Good Practice on the B-BBEE scorecard. Skills development is also one of the easiest priority elements to comply with and measures the extent to which companies carry out initiatives designed to develop the…

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