Vox Populi Vox Dei
High Tory
R165bn spent on SETAs (it's the Skill Development Levy on your payslip) with very little to show for it. Even when the presenter asked for anything positive, the researcher could not come up with anything.
www.moneyweb.co.za
Over this period this levy has grown and, over the 13 years of the review, the full amount that Setas received was R164 billion, and that currently absorbs around R20 billion per year – and this is a direct levy to Setas. What we’ll see is that this revenue that came in was also a source of build-up with a lot of surpluses in the system – a build-up of cash reserves.
We find that, if we look at the situation currently, we still have a skills crisis. If you look at the Bureau of Economic Research’s Manufacturing Survey of companies in the manufacturing sector, more than 50% of them still cite skills or skilled labour as a major constraint…
R165bn spent over 10 years – what do Setas have to show for it?
The BER tried to look at the sector ‘in a very objective and data-driven way to see ... whether the Seta system is still appropriate for the purpose it was designed for,' says independent consulting economist Robert Botha.
