Financial Benefits

Employers can access False Bay TVET College programmes and benefit from the listed incentives below:

SETA Mandatory Grants facilitate a reimbursement of training expenses incurred (both internal and external) by a compliant employer of up to 20% of their Skills Development Levy contribution. The grant is paid by a SETA if the levy-paying employer meets the following criteria:

• The company is registered in terms of the Skills Development Levies Act;
• Is an up-to-date levy payer. Submits a Workplace Skills Plan (WSP) and Annual;
• Training Report (ATR) by the due date of 30 April annually;
• The WSP & ATR for the previous year were submitted.

SARS Training Tax Allowance
Employers may claim learnership and or apprenticeship allowances in respect of registered learnerships, over and above the normal remuneration deduction. This allowance is granted in two parts which are made up of a recurring annual allowance and a completion allowance.

SARS Employment Tax Incentive or ETI
What is the Employment Tax Incentive (ETI)? It is an incentive aimed at encouraging employers to hire young and less experienced work seekers. It reduces an employer’s cost of hiring young people through a cost-sharing mechanism with the government, while leaving the wage the employee receives unaffected.

Collaborate with us to improve your:
B-BBEE Rating I Tax Incentives

The College offers an opportunity through its CFERI, where corporates may add to their B-BBEE scorecard through bespoke Enterprise and Supplier development funding. In addition, corporates may find value in utilising the Enterprise development capacity of the CFERI to strengthen their existing supply chain.

The link below provides further information published by the Western Cape Government: https://www.westerncape.gov.za/apprenticeship-for-employers/files/atoms/files/benefits.pdf