VIEWPOINT: Learnership Agreements

Section 12H of the Income Tax Act 58 of 1962 grants an allowance to employers in respect of ‘registered learnership agreements’. A registered learnership agreement is defined as one which is registered in accordance with the Skills Development Act 1998 and is entered into between a learner and an employer before a date specified in…

VIEWPOINT: Don’t give it away!

‘I am expected to give away a part of my company!’ How often we hear these words uttered by business owners who have realised that black ownership has become a requirement for their company to be B-BBEE compliant. Many also now understand that outstanding acquisition debt on the part of a black partner may potentially…