Financial Benefits
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Source domain: falsebaycollege.co.za
Collected on 28 June 2026
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SARS Employment Tax Incentive or ETI
The ETI reduces an employer’s cost of hiring young and less experienced work seekers through a government cost-sharing mechanism, without changing the employee’s wage.
- Who it is for
- Employers hiring young and less experienced work seekers
- How to act on it
- Hire young and less experienced work seekers under the Employment Tax Incentive.
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It reduces an employer’s cost of hiring young people through a cost-sharing mechanism with the government, while leaving the wage the employee receives unaffected.
B-BBEE Rating I Tax Incentives
The college invites organisations to collaborate with it to improve their B-BBEE rating and tax incentives.
- Who it is for
- Employers and organisations
- How to act on it
- Collaborate with False Bay TVET College.
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Collaborate with us to improve your: B-BBEE Rating I Tax Incentives
SETA Mandatory Grants
A compliant employer may receive reimbursement of up to 20% of its Skills Development Levy contribution for internal or external training expenses, provided it meets the stated registration, levy-payment and reporting requirements.
- Who it is for
- Employers registered under the Skills Development Levies Act and up-to-date levy payers
- How to act on it
- Be registered under the Skills Development Levies Act, keep levy payments up to date, submit a Workplace Skills Plan and Annual Training Report by 30 April annually, and have submitted the previous year’s WSP and ATR.
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The grant is paid by a SETA if the levy-paying employer meets the following criteria:
SARS Training Tax Allowance
Employers may claim learnership and/or apprenticeship allowances for registered learnerships, in addition to the normal remuneration deduction.
- Who it is for
- Employers with registered learnerships or apprenticeships
- How to act on it
- Claim learnership and/or apprenticeship allowances in respect of registered learnerships.
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Employers may claim learnership and or apprenticeship allowances in respect of registered learnerships, over and above the normal remuneration deduction.
False Bay TVET College programmes
Employers can access the college’s programmes and benefit from the financial incentives described on the page.
- Who it is for
- Employers
- How to act on it
- Access False Bay TVET College programmes.
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Employers can access False Bay TVET College programmes and benefit from the listed incentives below:
Key Takeaways
- vacancy
- financial
- benefits
- false
- college
- students
- career
- guidance
- session
- resources