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Extension of mandatory grant submissions and relevance hereof to B-BBEE measured entities

The Minister Higher Education, Science and Innovation, Dr. B E Nzimande has granted an extension for the submission of applications for mandatory grants for the 2020/2021 financial year.

The Minister Higher Education, Science and Innovation, Dr. B E Nzimande has granted an extension for the submission of applications for mandatory grants for the 2020/2021 financial year.  

In terms of Regulation 4(1) of the SETA Grant Regulations, applications must now be submitted by 31 July 2020. Members can view the Government Gazette, 6 July 2020 No. 43508 – Department Of Higher Education And Training for further information below.

This outlines what is required for a mandatory grant submission; the relevance of the submission and provide contact details for both the Manufacturing, Engineering, and Related Services SETA (merSETA) and the Wholesale and Retail Sector Education and Training Authority (W&RSETA).

Mandatory grants pertain to the submission of a Workplace Skills Plan (for the ensuing year) and an Annual Training Report (for the previous year).  Both need to be submitted to the relevant SETA and according to their specific requirements. 

According to Louis van Huyssteen, RMI National Director Training, the RMI membership is predominantly registered with the Manufacturing, Engineering and Related Services SETA (merSETA) and the Wholesale and Retail Sector Education and Training Authority (W&RSETA).  Members are encouraged to keep up to date latest developments at these SETAs by accessing the following links:  http://www.merseta.org.za/Pages/default.aspx and https://www.wrseta.org.za/

One of the requirements in the B-BBEE CoGP for a measured entity to qualify for any points in terms of the Skills Development element on the scorecard, is to demonstrate that its latest Workplace Skills Plan and Annual Training Report have been were submitted and approved by the relevant SETA.

“Keep in mind that Skills Development is a priority element on the B-BBEE scorecard and a worthy score on this element is most often the difference between ‘non-compliance’ and an acceptable B-BBEE level of compliance,” says van Huyssteen.

The RMI, in collaboration with BEE Dynamix, now offers members an advisory service to adapt their transformation efforts to achieve maximum benefits without compromising objectives, staff, and stakeholder needs. “Through their industry-specific insight and understanding of BEE developments, the BEE Dynamix-team will be able to advise you on which strategy to adopt in order to derive the maximum benefit from B-BBEE compliance, with specific reference to the nature and size of your business,” he says  

BEE Dynamix can be contacted at admin@beedynamix.com and 066 292 0102.