BEE

New fund launched for black-owned businesses in the tourism sector

New fund launched for black-owned businesses in the tourism sector

On 26 January 2021 President Cyril Ramaphosa launched the Tourism Equity Fund to support businesses in the tourism sector crippled by COVID-19 and the subsequent lockdown. The fund will provide a combination of grant funding, concessionary loans and debt finance, which will cater to the specific needs of black-owned businesses to acquire equity, invest in new developments or expand existing developments. Financial support for projects will be provided on the following basis: Funding to acquire...

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Take your business to the next level with SEESA BEE

Take your business to the next level with SEESA BEE

Let SEESA assist you with your Enterprise and Supplier Development Elements. SEESA will be able to assist you with your contributions towards Enterprise and Supplier Development through our preferred incubation program, Incuvest. All contributions toward Enterprise, Supplier and Socio-Economic Development, must be made before your financial year-end. Taking into consideration that the company’s financial year-end might be in February. We will not be able to use contributions made after the...

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Did You Know? – Your business’ next Workplace Skills Plan is due on 30 April 2021

Did You Know? – Your business’ next Workplace Skills Plan is due on 30 April 2021

If your organisation pay more than R500 000 in salaries annually, it is compulsory to be registered and pay Skills Development Levies (SDL) to SARS. Once the company pays SDL monthly, the company can apply for a Mandatory Grant in the form of a WSP and ATR to the relevant SETA. If all the SETA requirements are fulfilled and the application is approved the company will receive 20% SDL back from the SETA in the form of a grant that is paid out quarterly. Failing to submit the WSP and ATR reports...

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FAQ – What Is A Workplace Skills Plan And Is There A Deadline For My Business?

FAQ – What Is A Workplace Skills Plan And Is There A Deadline For My Business?

A Workplace Skills Plan is a strategic document that articulates how the employer will address the training and development needs in the workplace. A facilitator must develop and submit a WSP annually to comply with South Africa’s current Skills Development legislation. A registered Skills Development Facilitator (SDF) or another qualified person will compile the WSP and submit to the SETA. By complying with legislative requirements, a company can access the various SETA grants available for...

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Did You Know? – SEESA Can Assist You With Your Enterprise & Supplier Development Elements.

Did You Know? – SEESA Can Assist You With Your Enterprise & Supplier Development Elements.

Incuvest is the preferred Enterprise and Supplier Development Incubation Program for SEESA BEE. Incuvest is the one-stop solution for Enterprise and Supplier Development Contributions. Entities can rest assured that their contributions are used for their intended purpose, namely, to ensure all the beneficiaries' growth and self-sustainability in the Incubation Program. The client also does not have to suffer through all the paperwork and administrative duties associated with the Enterprise and...

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Financial Year End, And The Deadlines For Employment Equity & The Workplace Skills Plan Submissions

Financial Year End, And The Deadlines For Employment Equity & The Workplace Skills Plan Submissions

The financial year-end and deadlines for submissions of Employment Equity (EE) and the Workplace Skills Plan (WSP) is near, and companies need to comply with legislation before the closing dates for each of the requirements. The purpose of this article is to outline the relevant deadlines and advise on the principles, benefits and repercussions for non-compliance. The Financial Year-End Companies that need a B-BBEE certificate have five elements to attend to under the Codes of Good Practice....

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FAQ – When Is The Deadline To Contribute Towards Socio-Economic. Supplier And Enterprise Development?

FAQ – When Is The Deadline To Contribute Towards Socio-Economic. Supplier And Enterprise Development?

The measured entities must make all contributions toward Socio-Economic, Supplier and Enterprise Development before the last day of their financial year-end. Any contribution made outside of the financial year will not be taken into account for verification of that financial year. Please ask your BEE Legal Advisor for an easy solution toward Enterprise and Supplier Development. To find out how SEESA can help your business, visit our website for more: https://bit.ly/2KI1Tmk "SMS" the word...

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Episode 59: Can The YES Initiative Enhance Your Company’s B-BBEE Status?

Episode 59: Can The YES Initiative Enhance Your Company’s B-BBEE Status?

SEESA BEE & Labour Legal Advisors, Edmund Drake and Tinita Gerber discuss the Youth Employment Service (YES) initiative and how it can be used to enhance your company’s BEE status. They discuss how YES practically works and the procedures to follow. They also focus on the requirements and the benefits of making use of the YES initiative. Click play to listen to our podcast! Contact your nearest SEESA office for a BEE legal adviser to assist your company with the YES initiative and to...

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SEESA Annual Closure 2020

SEESA Annual Closure 2020

Our offices will be closed from Friday 18 December 2020 and will re-open on Monday 4 January 2021. We will, however, be available for assistance via the following channels: 1. Visit our website to view SEESA's emergency contact details for your region: https://bit.ly/3owax5I 2. Send us a message via ProFile Chat. https://bit.ly/2KlvdPb 3. Should you require assistance with ProFile do not hesitate to contact us via email at support@seesa.co.za or on our landline 012 810 2020.

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Episode 56: Information And Communication Technology Draft Regulations

Episode 56: Information And Communication Technology Draft Regulations

“The Independent Communications Authority of South Africa (ICASA) plans to introduce new BEE regulations for the Information and Communications Technology (ICT) sector before the end of the 2020/2021 financial year.” SEESA BEE Legal Advisors, Marco Du Preez and Shane Buys discuss the amendments to the Information and Communication Technology sector codes and how it will affect your business. Click on play to listen to our podcast! ☎️Contact your SEESA BEE Legal Advisor to assist your business...

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