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Class notes Business Studies

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Your shortcut to a distinction. Written for matrics, by someone who gets it. Matric is overwhelming. Between Paper 1 and Paper 2, case studies, essays, and financial statements, Business Studies can feel like a mountain of theory with no clear path to the top. This guide changes that. This is not another textbook. It is a strategic exam weapon designed specifically for the South African NSC CAPS curriculum — packed with exactly what you need to know, how to say it, and how to structure your answers for maximum marks.

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CURRICULUM GRADES 10-12 DIRECTORATE


LEARNER RESOURCE MATERIAL

GRADE 12

BUSINESS STUDIES NOTES
2020

,ACKNOWLEDGEMENTS
 This document should serve as a guide and does not replace any
CAPS policy documents, was developed for KZN Business Studies
grade 12 teachers and learners.
 The content/notes are aligned to Examination Guidelines (2020).
 The NOTES provided in this document have been compiled by
GAUTENG Department of Education.
 Previous NSC & SCE papers, textbooks, study guides, examination
guidelines and other sources relevant to the subject were used.
 Textbooks, examination guidelines, study guides and all other
relevant CAPS documents should be used together with this
document.

,TERM ONE

TOPIC: IMPACT OF RECENT LEGISLATION ON BUSINESSES

CONTENT DETAILS FOR TEACHING, LEARNING AND ASSESSMENT PURPOSES
 Explain/Outline the purpose of each Act
 Outline/Discuss/Recommend the rights of the LRA on employers and employees/rights of consumer rights according to
the NCA and CPA.
 Explain the National Skills Development Strategy and the Human Resource Development Strategy (i.e. Sector Education
and Training Authorities).
 Outline/Explain the role of SETA’s
 Explain how SETA’s are funded.
 Discuss the impact of each Act on businesses.
 Outline the BBBEE pillars
 Explain the implications of BBBEE pillars on businesses.
 Explain penalties/consequences for non-compliance with the Acts.
 Outline/Explain actions regarded as discriminatory by the various Acts.
 Suggest/Recommend ways in which businesses can comply with the Acts.


Term Definition
Skills Development The main aim of this Act is to improve the skill levels of people who are already
Act/SDA employed in the business.

Skills Development It was introduced to ensure that businesses contribute to the development of skills
Levy/SDL of employees.
PDI’s Previously Disadvantaged Individuals or designated group.

SETA’s were established in order to implement and monitor the implementation of the
SETA’s Skills Development Act.
Labour Relations This Act was introduced to promote simple procedures for the resolution of labour
Act/LRA disputes in the workplace.
Negotiations between employers’ association and trade unions on matters
Collective bargaining such as wages/conditions of employment.

Collective agreement Agreement between the employer organisations and trade unions.

Dispute A disagreement between the employer and the employee

Bargain councils It is formed by registered trade unions and employer organisations in order to
prevent/resolve labour disputes.
Employment Equity The main aim of this Act is to ensure that equal job opportunities are given to all
Act/EEA 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.
Affirmative action forms part of the Employment Equity Act.

, Basic Conditions of This Act sets the minimum standard for employment in order to promote fair labour
Employment practice.
Act/BCEA
Compensation for The Act gives employees who are injured or contract diseases while on duty the right
Occupational Injuries to claim compensation.
and Diseases
Act/COIDA
Broad-Based Black The Act was introduced in order to ensure full economic participation of previously
Economic disadvantaged individuals.
Empowerment
Act/BBBEE
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 The NCR is responsible for the regulation of the South African credit industry. This
Regulator/NCR means that all businesses that offer good and services on credit must be registered
with the NCR.
Debt review/ Debt This is a debt solution targeted at South African consumers who are over indebted and
counselling struggling to manage their finances.
Consumer Protection The main aim of this Act is to promote/protect the economic interests of
Act consumers by providing them information so that they make informed choices.
Compliance Acting according to a set of rules
Penalties Punishment for doing something that is against a law.
Discriminatory actions Treating a person/people differently, from the way in which you treat other people.

1 THE SKILLS DEVELOPMENT ACT
Purpose of the Skills Development Act
 Develops the skills of people in South Africa in order to improve productivity.
 Invests in education and training of workers.
 Improves the chances of getting a job for previously disadvantaged people
 Encourages workers to participate in learning programmes.
 Redresses imbalances of the past through education and training
 Encourages businesses to improve the skills of their workers.
 Improves the chances of getting a job for previously disadvantaged people.

Impact of the SDA on business
Positives/Advantages
 Trains employees to improve productivity in the workplace.
 Promotes self-employment and black entrepreneurship
 Increases the return on investment in education and training.
 Business could become globally more competitive.
 Increases the number of skilled employees in areas where these skills are scarce.
 Encourages on-going skills development and learning to sustain the improvement of skills development.
 Improves employment opportunities and labour movement of workers from previously disadvantaged groups.
 Workplace discrimination can be addressed through training.
 Workplace is used as an active learning environment where employees can gain practical job experience

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