It is of the utmost importance that as a designated employer you comply with the rules and regulations as set out in the Employment Equity Act, failure to do so may result in an audit from the Department of Labour and your business could incur heavy fines as a result. We want to assist you […]
Employment Equity Compliance in the Workplace – 3 Pillars to Compliance Read More »
The South African Skills Development Legislation states that every employer who is registered with SARS for PAYE and who has an annual payroll in excess of R500 000, or 50 plus staff members are required to pay skill levies. The skills development levy is calculated as 1% of the total amount paid in salaries to
Skills Development Compliance – WSPs, ATRs and Grants Read More »
Skills development is one of the three priority elements on the B-BBEE scorecard and is an integral part of South Africa’s objective to reduce poverty and the decline in employment, increase job skills and improve the economic growth of the country. To assist companies with complying with skills development, a tax incentive for registered learnership
Skills Development offers an array of tax incentives – are you taking full advantage? Read More »
The ownership element on the B-BBEE scorecard is a priority element as laid out in the revised B-BBEE Codes of Good Practice 2013. As a result, failing to comply with the ownership element will result in a discounting principle being applied. Therefore, this element is of paramount importance when it comes to the implementation of
Understanding the Employee Share Ownership Plan Read More »
We all know that it can be daunting getting ready for that B-BBEE verification, you need to ensure you have everything in place and know what the verification agency is going to request. Often organisations tend to leave their verification preparation till the last minute and end up with either a much lower level than
5 Steps to a Compliant B-BBEE Certificate Read More »
Much to everyone’s surprise the Skills Development Element of the Generic companies’ scorecard was amended on 1 December 2019. The Skills Development Element is a priority element and as such this had a big impact on the industry including all generic entities. We will unpack the numbers behind the amended Skills Development Element of the
The Skills Development Element – What’s in a Number? Read More »
