A company will be eligible for a mandatory grant of 15% of the Levies paid after appointing a Skills Development Facilitator and submitting the Workplace Skills Plan to the SETA on or before the prescribed date.
Mandatory Grants – Employer with annual payroll of over R500 000 pay skills development levy amounting to 1% of their payroll to SARS can claim back up to 50% for training their staff.
On 12 January 2012 Government Notice 34932 was published regulations for public comment (21 Days). These regulations are called the Sector Education and Training Authorities Grand Regulations regarding monies received by a SETA and related matters and will come into operations on a date to be determined by the Minister in a Gazette.
New NSDS 3 (National Skills Development Strategy)
Mandatory Grant will be reduced from 50% to 40%
Introducing a new 10% Pivotal Grant
Mandatory Grant Re-Imbursement
As an organization paying skills development levies to the Services SETA you are entitled up to a 50% Mandatory Grant on your levies paid to the Services SETA.
How does re-imbursement work?
All payments are based on submitted ATR and expenditure incurred
If you pay R100k in levies you are entitled up to R50k back
Companies who train to the value of R50k and more will receive a grant payment of R50k
Companies who train the value of R40k and are entitled to R50k will only receive a grant payment of R40k.