Implementing learnerships is a powerful strategy for B-BBEE points and tax incentives. However, businesses must be aware of a significant financial risk: learner dropouts. High dropout rates are a major concern, as they can lead to the forfeiture of your most valuable financial incentive. The Financial Stake: The Completion Allowance The Section 12H tax incentive is split into two parts: an Annual Allowance and a Completion Allowance. The completion allowance (e.g., R40,000 f

In the modern B-BBEE framework, not all scorecard elements are created equal. The government introduced "Priority Elements" to stop businesses from "points shopping" and force them to engage in substantive transformation. Failure to comply with these specific elements triggers a severe "discounting principle"—a penalty that can undermine your entire B-BBEE effort. What Are the Three Priority Elements? For Generic (Large) Enterprises, there are three non-negotiable Priority El

A significant legislative change is set to take effect on 1 January 2025 , and it will have profound and direct consequences for your company's B-BBEE compliance. The Employment Equity Amendment Act (EEAA) is here, and it creates a powerful new enforcement mechanism that is inextricably linked to your B-BBEE scorecard. If your business is not prepared, you are at high risk of losing 19 points and crippling your B-BBEE level. What is the Change? The EEAA empowers the Minister

For South African businesses, the annual B-BBEE verification cycle is filled with complex targets. But no deadline is more critical, or more dangerous to miss, than the 30 April submission  of your Workplace Skills Plan (WSP) and Annual Training Report (ATR) to your relevant SETA. Failing to meet this single deadline is not a minor administrative slip-up; it is a catastrophic commercial error that triggers a devastating chain of consequences known as the "triple penalty". The