| SME Services – FAQ -Frequently Asked Questions |
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| How can small employers participate in skills development? |
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| It is very simple for employers to participate in Skills Development. Even
if a company is exempt from paying the skills development Levy (SDL) which was
paid to SARS. A company can still qualify to participate on other skills
development initiatives: |
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Complete and submit the Skills Development Planning and Reporting template by 30 June annually to the BANKSETA in
the prescribed format,
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| Who should be registered with the BANKSETA? |
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| Any legal entity whose main business activity is one of the following needs
to register with this SETA: |
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MONETARY INTERMEDIATION
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DISCOUNT HOUSES AND COMMERCIAL AND OTHER BANKING
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BUILDING SOCIETY ACTIVITIES
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OTHER FINANCIAL INTERMEDIATION NOT ELSEWHERE CAPTURED
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LEASE FINANCING
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SECURITIES DEALING
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ACTIVITIES ANCILLARY TO FINANCIAL MEDIATION
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| The above activity areas are utilised by Statistics SA and cannot be
altered, to facilitate national reporting and comparisons. |
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| If your company or one of its legal entities is registered with us but does
not have one of the above as its main scope of business, you would need to
transfer to the correct SETA and an Change in-SETA Jurisdiction form can be
found here . |
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| What is an SME? |
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| SME is an acronym which stands for Small and Micro Enterprise and in the
banking and micro finance services sector refers to employers who employ less
than 50 employees |
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| The definition, according to the National Small Business Act (102 of 1996),
broadly refers to: |
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Micro - between 1 and 5 employees
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Very Small - no more than 10 employees
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Small - no more than 50 employees
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Medium - no more than 100 employees
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Large - 101 + employees
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| Do SME’s have to complete a Workplace Skills Plan and Implementation Report? |
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| All Skills Development Levy paying employers are required to submit a Workplace Skills Plan and
Implementation report to BANKSETA in the required format by the legislated date
being 30 June annually in order to participate in other skills development
initiatives such as BANKSETA’s SME Training Voucher project and Continuous
Professional Development (CPD) workshops Lifelong Learning Initiatives. |
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| Non Skills Development Levy paying SMEs have to submit a Non Levy Paying SME Registration Form. |
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| BANKSETA in an effort to support and enable its stakeholders has introduced
an integrated skills development process that the BANKSETA has established for
smaller employers. Skills’ planning is essential to businesses as it assists
and helps them to grow their productivity and bottom line. |
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| One of the main objectives of the Skills Development Act is to foster and
develop a culture of life long learning in South Africa. |
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| I am a new company who wishes to register with BANKSETA at SARS - what do I
do? |
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| In February 2000, the South African Revenue Service (SARS) mailed out
registration forms that required organisations to select their industrial
sector and for this reason, the SETA which covered the main scope of business
which your business deal with. If you did not receive a registration form,
please contact your SARS office. |
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| BANKSETA SME Training Voucher Project Questions |
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| Are there any specific terms and conditions applicable in order to allow me
to apply for the R10 000 worth of training vouchers? |
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Skills Planning and Implementation Reporting for the current financial
year must be submitted and approved by BANKSETA
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Registered with the BANKSETA for skill Development levy purposes
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If applicable, levies must be up to date
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| Can I apply for the vouchers in excess of R10 000? |
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| Yes,however, BANKSETA will only pay up to
the value of to R10 000. The balance will be for your direct account. |
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| Can I spread the R10 000 on more than one employee? |
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| Yes. You will need to apply for as many vouchers as required to the maximum
combined value of R10 000.00. |
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| What do I need to do if I would like one employee to attend multiple courses? |
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| You will need to apply for as many vouchers as required to the maximum
combined value of R10 000.00. |
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| How do I find out more information about these courses in order to help me
decide exactly how to use my funds? |
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| Information is published in the left hand navigation bar under “Courses” and
details what the course is about, cost and duration with relevant contact
information for the training provider. |
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| How long will it take for my application to be approved or declined? |
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| You will receive an answer from BANKSETA within 24 working hours from
receipt of application and you will receive confirmation of this via email. |
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| What happens after my application has been approved? |
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| Training vouchers are emailed to the recipient learner. These must be presented
to the training provider when registering for the course. |
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| What happens if I am booked on a course but am unable to attend? |
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| Notify the training provider at least 10 days prior to course commencement.
Failure to do so will result in a penalty been levied and cancellation of the
voucher. |
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| Where would I find contact details for a specific accredited training provider or how long my
course would run for? |
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| If you need to find a contact number, or need to find out more about a
course duration, go to www.banksetatrainingvoucher.org.za. |
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| If I have any queries, who can I contact?
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| Please contact Tutuka for voucher related queries on 0861 10 12 10 or;
BANKSETA on 011 805 9661 and speak to Sharon Mokgwatlheng. |
