GOOD NEWS; Learner-ships can be undertaken for ALL races, gender and ethnic group with following benefits.
CASHFLOW e.g R31 000 per person
SARS L/ship allowance deducted from NPBT.
R80 000 per person (R120k for disabled)
28% Company Income Tax = R22 400 SAVING
Cost to Co = R31 000 = R8 680 SAVING
TOTAL TAX SAVED = R31 080
Net to company = R 80 tax saving
SDL R1,93m Headcount; 258
Target spend R 11,58 million
Including 1 disabled male and 1 disabled female
Salary R450k pa plus technical learnership @ R50k = value pp = R500k x 20 = R10 m
20 x 18.2 with R42k stipend and R50k l.ship R1,84 m
Value for BEE skills spend R 11.84m
Actual spend R50k x 40 learnerships = R 2m plus stipend R42k x 20 = R840 k
TOTAL spend R 2,84 m for R 11,84m value towards full skills BEE score.
12H Tax Saving R 36 400 x 40= R 1,456m
SETA DG = 39.6% = R 764k
TOTAL saving R 2,22m
NET COST TO Company for almost R12m target = R 620k