BBBEE and Skills Development
BBBEE Statement 300 – Skills Development Skills development is a priority element of the BBBEE scorecard, if the sub-minimum of 40% of the target score under this element is not achieve an entity will drop by one level once the verification is concluded. This element in the scorecard uses targets that are based on racial […]
WSP & ATR season?
Yes, it’s that time of year again. Your workplace skills plan (WSP) and Annual Training Report (ATR) must be submitted by 30 April annually in order to claim your Mandatory Grant (MG) from your Sector Education and Training Authority (SETA). But you are not even sure what they are, well I am here to help. […]
Sector Education and Training Authority, SETA.
What is it they do? I know this seems like a trick question, but it is not. SETAs were established in 2000 in terms of the Skills Development Act (1998) and are responsible for the disbursement of the training levies payable by all employers within their scope. These levies are collected by the South African Revenue […]