Yesterday's post looked at the total cost of skills development for 9 companies. This table shows how much less money Nene (and SARS) is going to receive. For those MPs who are numerically challenged, the total amount is 2.29 Nkandlas. The going rate for a Nkandla is R246m.
|
Company |
Target spend (6%) |
Additional spend required over and above current spend of 3% |
|
Standard Bank |
887 760 000.00 |
443 880 000 |
|
MTN |
402 540 000.00 |
201 270 000 |
|
NASPERS |
524 280 000.00 |
262 140 000 |
|
AECI |
178 560 000.00 |
89 280 000 |
|
FirstRand |
637 200 000.00 |
318 600 000 |
|
Telkom |
591 660 000.00 |
295 830 000 |
|
Nampak |
212 100 000.00 |
106 050 000 |
|
JSE |
24 300 000.00 |
12 150 000 |
|
Nedbank |
560 940 000.00 |
280 470 000 |
|
TOTAL |
4 019 340 000 |
2 009 670 000 |
|
Tax deduction (28%) |
562 707 600.00 |
|
|
NKANDLAS |
2.287429268 |