Key Concepts Flashcards
Skills Development Act (SDA)
The main aim of this Act is to improve the skill levels of people who are already employed in the business.
Skills Development Levy (SDL)
It was introduced to ensure that businesses contribute to the development of skills of employees.
PDI’s
Previously Disadvantaged Individuals or designated group.
SETA’s
SETA’s were established in order to implement and monitor the implementation of the Skills Development Act.
Labour Relations Act (LRA)
This Act was introduced to promote simple procedures for the resolution of labour disputes in the workplace.
Collective Bargaining
Negotiations between employers’ association and trade unions on matters such as wages or conditions of employment.
Collective Agreement
Agreement between the employer organizations and trade unions.
Dispute
A disagreement between the employer and the employee.
Bargaining Councils
It is formed by registered trade unions and employer organizations to prevent or resolve labour disputes.
Employment Equity Act (EEA)
The main aim of this Act is to ensure that equal job opportunities are given to all people regardless of race, culture, language, age, religion, disability etc.
Affirmative Action
It was designed to ensure that suitable and qualified previously disadvantaged individuals are given equal job opportunities.
Basic Conditions of Employment Act (BCEA)
This Act sets the minimum standards for employment to promote fair labour practice.
Compensation for Occupational Injuries and Diseases Act (COIDA)
The Act gives employees who are injured or who contracted diseases while on duty the right to claim compensation.
Broad-Based Black Economic Empowerment Act (BBBEE)
The Act was introduced to ensure full economic participation of previously disadvantaged individuals.
National Credit Act
This Act was introduced to protect consumers against unfair and reckless credit granting by businesses.
Credit Providers
All businesses that offer goods and services on credit.
National Credit Regulator (NCR)
The NCR is responsible for the regulation of the South African credit industry. This means that all businesses that offer goods and services on credit must be registered with the NCR.
Debt Review/Debt Counselling
This is a debt solution targeted at South African consumers who are overly indebted and struggling to manage their finances.
Consumer Protection Act
The main aim of this Act is to promote or protect the economic interests of consumers by providing them information so that they make informed choices.
