South Africa’s engineering sector is being held back by universities’ inability to teach entrepreneurial skills and breed a new generation of innovators and business...
KPMG in South Africa has launched a Learnership Incentive Tax Tool (LITT), an app that provides an additional tax deduction for registered learnerships. The objectives of this tax incentive are to encourage the creation of jobs by reducing the cost of hiring new employees, offering learnerships and to encourage skills development in the workplace.
As unemployment in South Africa jumped to 27.2% for Q2 2018, the proverbial walls seem to be closing in on job seekers. The strain of this appears to be intensified among the youth who account for 63.5% of the total number of unemployed persons,irrespective of education level.
"Not every person with a qualification can be regarded as a professional" - This is becoming something of a mantra when explaining what it is a Professional Body stands for. A Professional Body is not a Training Provider and SAQA has done itself a disservice surely, by allowing Training Providers to register as Professional Bodies?
SAICA along with strategic partners such as FASSET, Bankseta and the National Skills Fund have undertaken to build capacity with the ultimate goal of accrediting Historically Disadvantaged Institutions (HDIs) accounting programmes so that students at these institutions can study to become chartered accountants (CAs[SA]) without having to leave their provinces.
In a business environment that is now largely driven by innovative IT and software, there is massive demand for skilled and highly trained IT professionals. Sadly, as has been well documented, there is an increasingly dire shortage of these individuals in the local sphere.