Well - the limit was raised last year to companies with an annual payroll of R500 000.00 or higher (it was at R250k before).
I just think that they could have done a better job with 1% of the country's payroll - the inefficiencies are horrific.
Of the leviable amount:
45% goes back to a company doing the paperwork (only worthwhile for big corporates).
2% goes to SARS
10% goes to admin costs
20% goes to the National Skills Fund
leaving about 25% going to SETA funded training.
I know it looks like the maths does not add up, but with smaller companies not claiming their mandatory grant, this adds to the pool available for funded training.
My point is that if they drop the mandatory grant, a big pool of money becomes available for funded training and the admin load actually drops.
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