Companies that are registered with the South African Revenue Service are issued with a Skills Development Levy Number which identifies the SETA that they belong to.
This levy number entitles companies to participate in the SETA’s programmes.
Companies are registered with a particular SETA based on the Standard Industrial Classification (SIC) Codes; a list of industries that belong to a specific agency.
BENEFITS FOR PARTICIPATING IN THE SKILLS DEVELOPMENT PROCESS
- A skilled workforce that contributes to a company’s profitability and the Country’s economic growth
Registered companies derive the following benefits from participating in skills development:
- Companies can claim 20% in levies contributed to the SETA in Mandatory Grants
- Companies can apply for Discretionary Grants which are allocated to address shortages in scarce and critical skills.
- Small companies are assisted to apply for Mandatory and Discretionary Grants at no cost;
- Implement Learnerships, Skills Programmes,
- Tax rebates for implementing Learnerships.