Fin24 writes that companies narrowly viewing the Sector Education and Training Authority (Seta) governing their industry just through the lens of compliance, may very well be missing out on optimising on the numerous benefits built into their statutory obligations.  

This is according to Richard Rayne, CEO of iLearn - a learning solutions company.  Setas are primarily funded by the skills development levies paid by companies with payrolls of over R500,000.  Rayne explains that there are tangible gains to be made that range from yearly rebates and boosted B-BBEE scores, to strategically setting businessse on a road to success through addressing skills shortages.  Companies which have registered with their Seta and executed training according to plans, including approved learnerships, stand to claim back up to 70% of the portion of their Skills Development Levy (SDL) paid over to the SA Revenue Service every year.  In addition, the Seta’s Discretionary Fund provides companies with the opportunity of receiving funding towards the implementation of special training projects and pivotal training programmes, such as learnerships.

• Read this report in full at Fin24

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