Implications of changes in Seta Grant Regulations  (1) header image

Implications of changes in Seta Grant Regulations (1)

The Seta Grant Regulations were gazetted on 3
December, 2012, and the many changes came into effect on 1 April 2013. Speaking
at a workshop in Bryanston on 30 April, held by Siyakha Consulting to update
companies on the changes and the impact for business, Dionne Kerr, CEO and
founder of Siyakha Consulting said that it's imperative for business to
understand and apply these changes if they are to ensure optimal return on
investment.



Dionne
Kerr, CEO and founder of Siyakha Consulting
"There are
many substantial changes to the Seta Grant Regulations and these may have
serious implications for skills development in South Africa and within
individual businesses," explained Dionne Kerr, CEO and founder of Siyakha
Consulting.

She explains that the major driving force behind the changes
is the fact that many Setas fail to allocate and distribute mandatory and
discretionary grants to employers and subsequently accumulate surpluses.


"Setas have also stated that Workplace Skills Plans (WSPs) received from
many employers are inaccurate and that 'not much thought has gone into
completing them'. Inaccurate information captured in the WSPs leads to incorrect
information about what our country's critical skills are and what skills
shortages we have," said Kerr.

Changes to grant allocations and
disbursements

A major modification has been made regarding grant
allocations and disbursements, particularly around pivotal programmes that
result in a qualification or part-qualification based on the National
Qualifications Framework (NQF).

"These amendments have far-reaching
implications on how businesses allocate, plan and finance learning and
development within their teams and divisions. Along with this there are further
proposed changes to the BEE Codes, which emphasise very specific targets around
skills development," said Kerr.