How Learnership Tax Incentives Can Benefit Your Business
In today’s business world, skills development is more important than ever. South African businesses have a unique opportunity to reduce costs and upskill employees through the learnership tax incentive, particularly under Section 12H of the Income Tax Act. By entering into registered learnerships, businesses can claim tax deductions that not only benefit the bottom line […]
Navigating the Future of SETAs
In a rapidly evolving job market, Sector Education and Training Authorities (SETAs) play a critical role in developing South Africa’s workforce. Established under the Skills Development Act No. 97 of 1998, SETAs are mandated to address industry skills gaps, enhance employability, and drive economic growth. To remain effective and accountable, these entities must operate within […]
Unlocking Opportunities: Incentives for Employing NEET Youth in South Africa
South Africa is grappling with serious challenges related to youth unemployment, with many young individuals classified as NEET – Not in Employment, Education, or Training. To address this pressing issue, the government has rolled out various incentives designed to motivate businesses to hire NEET youth and provide them with essential skills for long-term sustainable employment. […]
Navigating Compliance and Maximising Benefits in South Africa’s Skills Development Framework
In South Africa’s changing economic environment, complying with the Workplace Skills Plan (WSP) and Annual Training Report (ATR) is a multifaceted challenge for businesses. As we saw in our initial discussion of the WSP (Understanding South Africa’s Workplace Skills Plan (WSP) ), this strategic document outlines a company’s strategy for employee skill development, which is […]
Navigating the QCTO Landscape
An Overview of the QCTO The Quality Council for Trades and Occupations (QCTO) plays a pivotal role in ensuring the quality and standards of occupational qualifications and learning programmes. The Occupational Learning System (OLS) has a primary goal: to respond dynamically to the real-time skill demands of the labour market. It seeks to enhance both […]
The Role of Learnerships in Addressing Youth Unemployment in South Africa
The discourse surrounding learnerships in South Africa brings to light a multifaceted journey encompassing youth unemployment, skills development, and the ever-changing landscape of industries. While the journey is ongoing, learnerships showcase promising strides towards addressing youth unemployment.
Embracing Change: Expiration of Legacy Qualifications in South Africa
Today, on June 30, 2023, South Africa bids farewell to legacy or historical qualifications as they expire and make way for occupational qualifications. Legacy qualifications, referring to outdated credentials issued before the establishment of the QCTO and OQSF frameworks, are being replaced by occupational qualifications designed to align with current industry needs, educational practices, and […]
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 […]
Notional Hours
‘Notional learning hours’ are the estimated learning time taken by the ‘average’ student to achieve the specified learning outcomes of the course unit, programme, or learning experience.
Skills Development Levy
Employers with an annual payroll of more than R500 000, must pay 1% of the total amount paid in salaries to employees (including overtime payments, leave pay, bonuses, commissions, and lump-sum payments). The amounts deducted or withheld by the employer must be paid to SARS on a monthly basis, by completing the Monthly Employer Declaration […]