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Seta Mandatory & Discretionary grant regulations declared invalid 21st Aug. 2015

On 3 December 2012, the SETA Grant Regulations were gazetted (Government Gazette no. 35940). These come into effect on 1 April 2013. There were many major substantial changes in the new regulations and these may have serious implications for skills development in our country. Some of the main changes were: That the mandatory grant to employers is reduced from 50% to 20%. Any unclaimed mandatory grants must be transferred by the 15 August each financial year into the discretionary fund. Discretionary grants will mainly be paid for programmes offered by public FET…

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Amended BEE Codes – October 2013

EconoBEE is giving a cautious welcome to the new BEE codes which were gazetted by the dti minister, Dr Rob Davies on 11th October 2013. The codes will replace the existing BEE codes of Good Practice and must be followed within a year. The codes contain a mixture of good aspects and some complexities: They are fairly similar to the existing codes, although some weightings and names of some elements have been changed. Instead of 7 elements, we now use 5. However they still contain mostly the same indicators as…

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