HRDC to broaden Training Levy beneficiaries
Wednesday, August 12, 2015
The training levy is a tax based on an employer’s turnover, which is collected and deposited into the Vocational Training Fund. The purpose of the fund is to reimburse employers the costs accumulated for training citizen employees.
HDRC communications officer, Topo Rabasima said individuals who pay the levy had requested that the fund should cover Masters and PhD programmes, as well as other professional short courses. “During the months of September to October last year, there were nationwide stakeholder consultations on the envisaged changes to the regulations,” he said.
Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...