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Budget for education, business development

01 March 2013   (0 Comments)
Posted by: Erich Bell
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Experts in Human Resource and payroll administration infrastructure management believe South Africa’s public and private sector has to work closely with government in order to ensure the success of job creation initiatives and austerity measures outlined within the Budget Overview of 2013.

South Africa’s Minister of Finance, Pravin Gordhan, has set out government’s fiscal plans to address many of the country’s socio-economic challenges, including unemployment as one of the main priorities. In his 2013/2014 Budget Speech, delivered this week, Minister Gordhan touched upon many of the issues financial and economic analysts predicted, including government’s infrastructure spending plan, strategy to combat unemployment and impact on taxes.

Spending on infrastructure and the execution of the government’s Infrastructure Plan was also brought into the Budget 2013 speech and authorities plan on investing R827 billion into new infrastructure construction and upgrading existing infrastructure.

Minister Gordhan also highlighted the youth employment tax incentive in his speech. This tax incentive forms part of several measures to boost opportunities for job seekers. He mentioned tax breaks for small-to-medium sized businesses and government’s intention to invest more readily in infrastructure and incentives to support entrepreneurs.

Teryl Schroenn, CEO of Accsys, a member of the Business Connexion Group (BCX) and national supplier of people management software and hardware solutions within the HR, payroll and time & attendance space, is acutely aware of the need to improve systems within education.

"South Africa’s Basic Education Minister this week reported that the country has the highest rate of absenteeism within the SADC region. Statistics in the public domain say 392,000 teachers were employed at public schools throughout the country in 2012, with each teacher, on average, being absent for 19 days,” says Schroenn. "One of the problems highlighted by authorities was the need to replace antiquated time and attendance systems with electronic, up-to-date technology.

”Schroenn says there are T&A solutions that can be easily integrated into the workplace, that can automatically record and store data across a central platform. This technology, including biometric identity management infrastructure, offers multi-functionality and is designed to prevent issues like ‘buddy-clocking’ and inaccurate/manipulated data.

Features like graphic displays, the ability to export to many traditional formats and work across any network, WAN, LAN, 3G or GSM, means that education institutions should be able to source and implement these systems for better control over the HR.

Schools and academic institution forms part of Accsys’ target market for its T&A solutions. Education aside, Schroenn welcomed the government’s intention to support small business development and tailor tax incentive schemes and breaks to help entrepreneurs.

"This is a growing market and an important one for the sustainability and strengthening of the country’s socio economic development,” added Schroenn.

The company is hosting a Budget Speech Update session on March 01 at its offices in Sandton, during which delegates will be briefed on critical aspects of the Budget, including fringe benefits, personal income tax, corporate income tax changes and VAT amendments, amongst other key topics.

For more information click through to www.accsys.co.za or call (011)719-8000.

Source: Accsys


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