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. […]
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.
The Employment Tax Incentive
The Employment Tax Incentive (ETI) is a significant government program implemented in January 2014 with the primary objective of encouraging the employment of young individuals aged between 18 and 29. This initiative seeks to alleviate the financial burden associated with hiring young workers and stimulate job creation by offering tax incentives to qualifying employers. Designed […]
SAQA’s Role and Functions in Advancing the NQF
The South African Qualifications Authority (SAQA) has a crucial mission: to oversee the ongoing development and implementation of the National Qualifications Framework (NQF) and advance its objectives. The NQF serves as a vital national policy tool, playing a key role in transforming and integrating South Africa’s education and training system. It provides a comprehensive system […]
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 Legacy qualifications, referring to outdated credentials issued before the establishment of the QCTO and OQSF frameworks, are being replaced by occupational qualifications designed to align with current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 […]
Quality Councils in South Africa
To understand the role of quality councils in South Africa, we first need to discuss the South African Qualifications Authority (SAQA). SAQA plays a crucial role in ensuring the effective implementation and continuous development of the National Qualifications Framework (NQF). Think of the NQF as a comprehensive system that organises and recognises different qualifications across […]
National Qualifications Framework
The National Qualifications Framework (NQF) in South Africa is a vital system that drives lifelong learning and the development of a skilled workforce. It serves as a comprehensive framework, integrating education and training to recognize acquired skills and knowledge across the country. The NQF provides opportunities for learners to accumulate credits leading to higher qualifications […]
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 […]
SARS Incentives for Skills Development
Employment tax incentive (ETI) The Employee Tax Incentive (ETI) is a tax incentive introduced to encourage employers to employ youth (18 to 29 years old). The ETI allows employers a benefit of up to R18,000 per year for every qualifying youth employed. The ETI was introduced to help make it more affordable for businesses to […]
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 […]