Tag: learnership

There are multiple benefits which companies can derive either in employing people with disabilities, or in procuring goods or services from them within the businesses supply chain.

The Department of Trade and Industry’s amendments to the B-BBEE Codes of Good Practice on Friday, 31 May, were published in the government gazette with very little fanfare considering the significant impact they may have on generic entities in the country. These changes to the codes and will affect businesses in terms of procurement, enterprise and supplier development as well as skills development.

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.

"Companies concerned about how the revised codes of Good Practice will affect their scorecard rating and their business, need not be concerned, as it...