LEGALLY SPEAKING: A look into the National Labour Migration Policy, Employment Services Bill.
Loading player...
The overarching objective of the Nised masterplan is to significantly raise the contribution of economic output and labour absorption by SMMEs.
It purports to achieve this by a series of programmes and actions within outcome areas.
What the masterplan does confirm, albeit based on pre-Covid-19 data, is that less than 300,000 formal SMMEs provide formal employment (i.e. file an IRP5 PAYE tax form) and that it is estimated that there are between 600,000 to 800,000 formal enterprises in existence; these include sole proprietor-owned businesses registered for tax.
It purports to achieve this by a series of programmes and actions within outcome areas.
What the masterplan does confirm, albeit based on pre-Covid-19 data, is that less than 300,000 formal SMMEs provide formal employment (i.e. file an IRP5 PAYE tax form) and that it is estimated that there are between 600,000 to 800,000 formal enterprises in existence; these include sole proprietor-owned businesses registered for tax.
