Budget for education, business development
01 March 2013
Posted by: Erich Bell
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
"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.