SARS now outsourcing Debt Collection
31 August
Employer Interim Reconciliation
29 September

Employment Equity 2016

Who must report in 2016…

• All designated employers with 50 or more employees.
• Employers with fewer than 50 employees who are designated in terms of the turnover threshold applicable to designated employers (Schedule 4 of the Employment Equity Amendment Act No. 47 of 2013).
• Employers who have become newly designated on or after the first working day of April, but before the first working day of October, must only submit their first report on the first working day of October in the following year.
• Employers who voluntarily wish to comply in terms of section 14 of the EE Act.
• All designated employers must report annually irrespective of their size.

Useful Advice

• Manual and posted EE Reports will not be accepted after 3rd October 2016.
• EE Reports will not be accepted by fax or email.
• Check for incomplete sections or sections with errors.
• In the case of Online submission, complete and finalise corrections in the EE Reports by no later than 15 January 2017.
• Do not forget to press the submit button when your report is complete.
• No Changes are allowed after submission.
• A copy of the EEA2, EEA4 and the acknowledgement letter will be emailed to you after successful submission.
• If you have not received the EE reports and acknowledgement letter in your Inbox, please check in the Junk mail/Spam folders (Move mail from the Junk mail/Spam folders to Inbox before opening the attachments).

The Commission for Employment Equity Annual Report 2015-2016 make for interesting reading, enclosed please find the 16th CEE Annual Report.

EE threshold

The Employment Equity (schedule 4) sector threshold that determines whether a company is a designated employer has been revised. A designated employer is any employer employing more than 50 employees. If there are less than 50 employees, the schedule will apply.

Sector or subsectors in accordance with the Standard Industrial Classification
Agriculture [R2 m] R6 m
Mining and Quarrying [R7,5  m] R22,5 m
Manufacturing [R10 m] R30 m
Electricity, Gas and Water [R10 m] R30 m
Construction [R5 m] R15 m
Retail and Motor Trade and Repair Services [R15 m] R45 m
Wholesale Trade, Commercial Agents and Allied Services [R25 m] R75 m
Catering, Accommodation and other Trade [R5 m] R15 m
Transport, Storage and Communications [R10 m] R30 m
Finance and Business Services [R10 m] R30 m
Community, Special and Personal Services [R5 m] R15 m

Whilst the above may no longer apply to some companies if they employ less than 50 employees and turnover may now be less. This may not be the case for B-BBEE Scorecard compliance. The B-BBEE turnover threshold has also been revised, excluding industry-specific-sector codes.

• Exempted Micro Enterprises from R5 million to R10 millionWhilst the above may no longer apply to some companies if they employ less than 50 employees and turnover may now be less. This may not be the case for B-BBEE Scorecard compliance. The B-BBEE turnover threshold has also been revised, excluding industry-specific-sector codes.

• QSE (Qualifying Small Enterprise)from R5-35 million to R10- R50 million
• Generic from R35 million to R50 million

If your company is classified under this business sector and it employs less than 50 employees, you will need to do a voluntary compliance for EEA to comply with the BEE Requirements.

(http://www.saipa.co.za/articles/391726/employment-equity-threshold-increased)

This article is a general information sheet and should not be used or relied upon as professional advice. No liability can be accepted for any errors or omissions nor for any loss or damage arising from reliance upon any information herein. Always contact your financial adviser for specific and detailed advice. Errors and omissions excepted (E&OE)

Monday - Thursday 08:00 - 16:30
Friday 7:30 – 16:00

+27 (0) 11 622 0926

info@nwanda.co.za
We use cookies to improve your experience on our website. By continuing to browse, you agree to our use of cookies
X
0 Shares
Share
Tweet
Share