Grade 12 Module 1

The....plays a significant role in ensuring that the South African workforce is skilled and contributes to the productivity and economic growth of the country.

• SDA

• LRA

• EEA

Business must register themselves and all employees with...

All businesses with a payroll of ... must pay 1% of the total payroll as a Skills Development Levy.

• R400 000

• R500 000

• R600 000

• ...of these levies are allocated to the National Skills Fund and 80% goes to SETAs.

• 80%

• 50%

• 20%

Points are earned based on the number of shares sold to black people.

• ownership

• management and control

• skills development

Points are earned based on the training of employees either through in-service training or formal training.

• ESD

• Skills development

• Management and control

Points are earned by promoting local businesses and identifying black owned suppliers who are able to supply goods and services.

• Skills development

• Enterprise and supplier development

• Socio-economic development/social responsibility

• Up to ... of the company’s annual turnover may be imposed as a fine according to BBEEE

• 20%

• 30%

• 10%

• The follwing is an advantage for which Act: existing shareholders can become unhappy with the new investment and ownership issues.

• BBEEE

• EEA

• LRA

• Businesses with more than 50 employees must appoint a skills development facilitator.

• SDA

• LRA

• BBEEE