BEE ALIGNED SKILLS DEVELOPMENT TRAINING

TEG investments believes that the end result of any training or learning intervention should be able to show a significant return on investment whether it be in increased performance, profitability or improved efficiencies. Our goal is to deliver you with a comprehensive training solution.

As a full-service Skills Development and Training Solutions company, we are also able to provide and source a full range of specific and essential offerings to our clients.
In terms of the Skills Development Levies Act: all organisations in South Africa with a payroll in excess of R500,000 per annum must pay a 1% Skills Development Tax on their payroll.
You may claim back some of this Skills Development Tax if:
• You have paid the SDL tax; and
• You provide approved training (internal/external) to employees that are aligned with Pivotal skills.
In collaboration with our service provider, TEG Investments.
We will assist your company to:
• Identify individuals that are interested in training
• Facilitate the training needs and requirements
• Align training appropriately to the needs of the company and learner.
• Attain BEE targets on Skills spend and Learnerships
• Ensure you are fully compliant
• Implement the correct initiatives to align with BEE legislation
• Earn the maximum points on the Employment Equity and Skills development elements of the B-BBEE scorecard
• Assist with a tax deduction for Learnerships. Ranging from R40 000 to R60 000
Additional benefits of BEE compliance:
• Claim back up to 50% when you submit an annual workplace skills plan and training report, (implementing Pivotal skills) through discretionary grants.
If no Pivotal skills are implemented the claim is 20%
• Qualify for Mandatory grants from your SETA, amounting to 20% of the skills levies paid over the year
• Have access to Discretionary grant funding including Learnerships, Apprentice and other discretionary funding for free training
• Identify skills gaps in the workplace
• Motivate staff so that they work more effectively and efficiently
• Retain key employees via adequate up skilling
• Access to tax deductions for Learnerships. Ranging from R40 000 to R60 000
To support your claim you need to submit:
• An annual training report which tells the SETA what training has taken place in your company in the last 12 months, and which employees received training
• Workplace skills plan that advises the SETA of the training you will provide in the next 12 months, based on your operational requirements, the industry you operate