The objectives of the Act are to facilitate and promote broad-based black economic empowerment by: “Achieving a substantial change in the racial composition of ownership and management structures and in the skilled occupations of existing and new enterprises”. Substantial meaning a considerable or significant importance to how companies align their ownership meaning “state or fact [...]
The construction sector is one of the perceived opportunities to address the unemployment problem in South Africa. According the Industrial Development Corporation, 44,000 jobs were created in this sector during 2016. The question is, what kind of jobs were these and how sustainable were they? According to Ian Massey, Director of MDA Consulting and professional chartered civil [...]
While there is no denying the importance of networking in the modern business environment, it is important to note that not all networking is the same. There are networking practices you should leave at the door on your way to your next event or meeting. Don't take friends with you to a professional networking event. Unless [...]
The Energy and Water Sector Education and Training is a statutory body established in terms of the Skills Development Act (1998) as amended; to advance skills levels in accordance with the National Skills Development Strategy (NSDS) III. The SETA Grant Regulations (2012), as amended, prescribe that 80% of discretionary grant must be allocated to Professional, [...]
What is a Mandatory Grant and how do I access it? The Mandatory Grant facilitates a reimbursement of training expenses incurred (both internal and external) by a compliant employer of up to 20% of their Skills Development Levy contribution, subject to: The employer being up to date with the payments of Skills Development Levies due [...]
Studies have shown that investing in corporate training can have enormous long-term benefits for you and your organisation. Upskilling is simply training that allows your workers to do their jobs – but better. You shouldn’t implement training and upskilling for its own sake. For it to have any value, you need to make sure it [...]
The development of your staff is very important in business, mainly because they are the driving force in moving your business forward. Regular skills development is essential in ensuring ongoing business development. There are a number of important reasons why skills development training can be beneficial to the business and should therefore be made a [...]
Leverage your size to their benefit: Help SMEs by giving them favourable terms on raw materials; allowing an SME to pay bulk prices for small quantities will help them compete against larger businesses. This is not a handout, but can prove to be a huge enabler for SMEs. Stick to specifics and pay on [...]
According to the latest edition of the Global Gender Gap Report almost half of all the world’s women are now in employment, , why are only 31% leading their field? Women’s marches, protests and campaigns may paint a picture of women smashing through centuries of sexual inequality, but in many, very measurable ways, the push [...]
The WSP and ATR submission deadline was on the 31st of March 2018. Preparing and submitting these documents can be very time-consuming, confusing and stressful. What is a Workplace Skills Plan? The Workplace Skills Plan (WSP) is intended to document the skills needs in a company The Workplace Skills Plan (WSP) is intended to document [...]