According to recent research conducted by the Small Business Institute of South Africa, local small and medium enterprises (SMEs) are still economically fragile, with approximately 70% of emerging small businesses failing within the first two years of operation.
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.
Skills development is a priority element of the B-BBEE scorecard and it is one of the easiest priority elements to comply with, if you know how...
Recognition of Prior Learning (RPL) boasts many benefits, the most obvious being the ability to fast track obtaining a qualification. Many people today have extensive experience in their field but not the qualifications behind their name to back that experience. RPL offers a solution for those eligible candidates.
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.
The current business education discourse is fixated on questions around the value of the MBA and its true benefit to the world of business. This is in light of reports describing a sharp decline in applications at many United States’ business schools, with as many as 52% of programmes reporting a drop-in application volume last year.
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.