Tag: LFP Group

Youth unemployment is not a problem to be solved; it is an opportunity to maximise. Reframing one of South Africa’s single biggest socio-economic challenges sets the us apart from most skills development providers.

Employment Equity (EE) report submissions are now open and will run from 01 September 2019 to 15 January 2020. Failure to comply will see fines ranging from 2 – 10% of a company’s turnover. This mandatory submission is relevant to all companies with a headcount of 50 employees or more and to those with an annual turnover above the required threshold (varies per industry).

The BEE scorecard encourages businesses to push for economic growth, specifically focusing on people of colour in South Africa. It is based on the concept of offering incentives through additional business. Economic growth begins with skills development involving training and hands on development through employment equity and the development of new business.

Navigating complex BEE requirements to ensure compliancy can be a tricky process for many businesses. Since the implementation of BEE in 2003, there have been many high-profile cases of companies found to have faked their BEE credentials and many who have failed their verification audits for other reasons.