Tag: National Qualifications Framework (NQF)

South Africa is at a crossroads of a significant educational and vocational transition as it shifts from the National Qualifications Framework (NQF) to the Occupational Qualifications Sub Framework (OQSF) managed by the Quality Council for trades and Occupations (QCTO).

For most South African businesses, the skills development component of the Broad-Based Black Economic Empowerment (B-BBEE) scorecard is one of the most challenging and costly elements to deliver on. However, by strategically combining employed and unemployed learnerships, businesses can secure the most points for the least money spent, while achieving the best return on their training and skills development investment.

As the countdown to the implementation of the new minimum wage draws closer, the nation finds itself at the precipice of a profound transformation in its labour landscape. With revised minimum wage regulations set to come into force on March 1st, 2024, employers across the country are bracing themselves for a pivotal moment that promises to reshape the dynamics of work and remuneration. 

South Africa’s Quality Council for Trades and Occupations (QCTO) is a major driving force behind addressing South Africa’s skills shortages across industries. Uniquely positioned in the Post School Education and Training (PSET) sector, the QCTO has been charged, essentially, with shaking things up and disrupting the status quo to address the inequalities of the past.

The primary responsibility of every accountant is to serve the public interest first. But, as asked by the Roman poet Juvenal, 'Who will guard the guards themselves?' Who ensures accountants remain accountable? This is the function of professional accountancy organisations (PAOs), and it is the reason every accountant should be a member of such an association.

For South African companies who have the available resources, there is a great initiative from the government which will allow companies to help employees and their families gain an education.Education should never be limited to just the rich and powerful. We need to empower a whole generation by giving them the education they need to better their lives.

This feature takes a look at how professionalism helps to build and maintain an ethical society, one that upholds the values of honesty, integrity and dependability. It explores the role professional bodies play in setting and upholding industry standards, and how professional development assists in the maintenance of those standards. It also looks at the role business schools are playing in professional development, and what skills will be needed in the future world of work.