• 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

AND if SETA grants Discretionary funds this amount would be a profit to the company

Example of a Generic enterprise:

  • SDL R1,93m Headcount; 258

  • Target spend R 11,58 million

  • Proposal 7AM,7AF,2CM,2CF,1IM,1MF;18.1s

  • 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

Want to know more and how this can achieve your BEE score for Skills Development

Request A Quotation Today!