Employment Equity Act, 1998 (Act No.55 of 1998) as amended 28 April 2017

Find below a summary of the amended Employment Equity Act, dated 28 April 2017 Code of Good Practice on the  Preparation, Implementation and Monitoring of Employment Equity Plan, as outlined in this  schedule. SCHEDULE CODE OF GOOD PRACTICE ON THE PREPARTION, IMPLEMENTATION AND MONITORING OF THE EMPLOYMENT EQUITY PLAN (EE PLAN) CONTENTS 1.      Objective 2.      Legal Framework 3.      Scope 4.      Purpose and rationale for the EE Plan 5.      Structure of the EE Plan 6.      Process for constructing a EE Plan 7.      Developing the EE Plan 8.      Reporting   1. OBJECTIVE…

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South Africa’s new tax laws and National Qualifications Framework deductions 2017

New amendments to the Taxation Laws Amendment Bill, introduced changes on tax deductions available to businesses. 2017 With regard to a person without disability, the value of the deduction is increased from R30,000 to R40,000 for qualifications from NQF (National Qualifications Framework) level 1 to NQF level 6 and decreased from R30,000 to R20,000 for qualifications from NQF level 7 to NQF level 10. With regard to person with disability, the value of the deduction is increased from R500,000 to R600,000 for qualifications from NQF level 1 to NQF level…

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