We often get asked why NTSIKA, being an IT capability, markets ETI as a program? We believe every company has the opportunity to make an impact, and the first time our company got introduced to the ETI program, we knew this has the potential to change the lives of many young South Africans. Since then we have fully embraced this opportunity and to date our efforts has impacted well over 1,000 young South African lives.
The Employment Tax Incentive (Act 26 of 2013) was promulgated in October 2013 and forms part of government’s package of programmes to:
- Incentivize business to employ young people (18-29) and enable youth employability by giving them the opportunity to acquire the requisite skills to be employed.
ETI is a program that is sponsored by National Treasury and administered by SARS. The program commenced in January 2014 with an implementation deadline of February 2029.
In partnership with our service provider partner NEGH, we address the opportunities ETI offers to participants by sponsoring unemployed South African youth (scholar-employee) to study. Our primary objective is to address the critical unemployment situation in our country by connecting young students with an opportunity to improve their skills and become more marketable.
All courses offered are NQF level 2 – 6 accredited
- 6 Fully accredited urban and rural-based FET and TVET colleges in 5 provinces
- 107 sites and campuses
- All students registered at relevant SETA’s
For our participating companies the following additional benefits could be materialised, based on the company profile
- Corporate citizenship. Overall contribution to national security through job enablement
- 6-9% monthly rebate on your PAYE (depending on % utilization of PAYE)
- 28% annual tax benefit – tax deductible expenses for offset against taxable income
- SDL Claim
- Zero impact on Workman’s Compensation (Compensation for Occupational Injuries and Diseases Act – COIDA)
Want to read more on the ETI act, please download the SARS brochure below: