Skills Development
At KSD, we are passionate about helping our clients to take full advantage of the many opportunities for staff upliftment that exist through skills development. Sometimes, complying with legislation and applying for grants can be confusing: we are experts in this field and are able to assist in all areas or just give advice.
What companies often don't realise is that they can claim back some of the money they have paid in the form of Mandatory Grants and Discretionary Grants.
As your Skills Development Facilitators, We will keep you informed of opportunities to get funding from your SETA, will apply for grants to help fund your training programmes, and maximise the opportunities with your SETA.
The Skills Development Act aims to develop the skills of the South African workforce and to improve the quality of life of workers, as well as provide opportunity for employers to train their staff according to their business needs.
This is why each employeris required to pay a Skills DevelopmentLevy (SDL), according to the Skills Development Levies Act. This Act requires that if a companies payroll is higher than R500 000 annually, they are to pay 1% of their payroll every month as a Skills Development Levy.
Your company belongs to a specific SETA or Sector Education and Training Authority according to your field of business. The money that you pay each month is paid over to this SETA. There are currently 23 SETAs operating in the country.
Skills Development Terms
ATR - Annual Training Report
WSP - Workplace Skills Plan
SDL - Skills Development Levies
SETA - Sector Education and Training Authority
SMME - Small Medium Micro Enterprise
ETQA - Education and Training Quality Assurance
SIC - Sector Industry Code
SDF - Skills Development Facilitator
MoU - Memorandum of understanding
DoL - Department of Labour
NQF - National Qualifications Framework
Mandatory Grant - Available to all companies who pay monthly Skills Development Levies and complete a Workplace Skills Plan (WSP) and an Annual Training Report (ATR). Deadline is 30th June annually.
Discretionary Grant - 20% of your SDL payment goes toward the discretionary grants. All companies who are levy paying are able to apply for this funding. The criteria is set out by the SETA and as the name says the approval of this funding is at the discretion of the SETA. Sometimes non-levy paying companies asre also able to apply for Discretionary Grant Funding
SETA Classification
BANK SETA - Banking Sector Education and Training Authority
CHIETA SETA - Chemical Industries Sector Education and Training Authority
CETA - Construction Education and Training Authority
DIDTETA - Diplomacy, Intelligence, Defence and Trade Sector Education and Training Authority
ETDPSETA - Education, Training and Development Practices Sector Education and Training Authority
ESETA - Energy Sector Education and Training Authority
FASSET SETA - Financial and Accounting Services Sector Education and Training Authority
FOODBEV - Food and Beverages Manufacturing Industry Sector Education and Training Authority
FIETA - Forest Industries Sector Education and Training Authority
HWSETA - Health and Welfare Sector Education and Training Authority
ISETT - Information Systems, Electronics and Telecommunication Technologies Sector Education and Training Authority
INSETA - Insurance Sector Education and Training Authority
LGWSETA - Local Government, Water and Related Services Sector Education and Training Authority
MAPPPSETA - Media, Advertising, Publishing, Printing and Packaging Sector Education and Training Authority
MERSETA - Manufacturing, Engineering and Related Services Sector Education and Training Authority
MQA - Mining Qualifications Authority
POSLECSETA - Police, Private Security, Legal and Correctional Sector Education and Training Authority
PAETA - Primary Agriculture Education and Training Authority
SETASA - Sector Education and Training Authority for Secondary Agriculture
SERVICES SETA - Services Sector Education and Training Authority
TEXTILES SETA - Clothing, Textiles, Footware and Leather Sector Education and Training Authority
THETA - Tourism and Hospitality Education and Training Authority
TETA - Transport Education and Training Authority
W&RSETA - Wholesale and Retail Sector Education and Training Authority