Lecture Notes on Business Studies for Grade 12

Introduction

• The notes are designed to guide KZN Business Studies teachers and learners for Grade 12.
• Content is aligned with the Examination Guidelines (2020).
• Developed by the GAUTENG Department of Education.
• Uses multiple sources including previous NSC & SCE papers, textbooks, and examination guidelines.

Term 1 Topics:

Impact of Recent Legislation on Businesses

• Purpose and impact of various Acts.
• Skills Development Act and Labour Relations Act.
• Sector Education and Training Authorities (SETAs) roles and funding.
• BBBEE pillars and compliance.

Key Legislation and Terms:

• Skills Development Act (SDA): Aims to improve skill levels of employed individuals to improve productivity.
• Skills Development Levy (SDL): Ensures businesses contribute to skill development.
• Labour Relations Act (LRA): Simplifies procedures for resolving workplace disputes.
• Employment Equity Act (EEA): Ensures equal job opportunities regardless of personal attributes.
• Broad-Based Black Economic Empowerment Act (BBBEE): Encourages full economic participation of previously disadvantaged individuals.
• National Credit Act (NCA): Protects consumers against unfair credit practices.
• Consumer Protection Act (CPA): Promotes and protects consumer rights.

Skills Development Act (SDA)

• Encourages businesses to improve employee skills.
• Provides funding for skills development via SETAs.
• Compliance includes paying the Skills Development Levy and appointing a skills development facilitator.

Labour Relations Act (LRA)

• Promotes healthy employer-employee relationships.
• Encourages dispute resolution through the CCMA.
• Sets guidelines for fair dismissal and collective bargaining.

Employment Equity Act (EEA)

• Ensures fair employment practices and affirmative action.
• Encourages diversity and equal opportunity in the workplace.

Basic Conditions of Employment Act (BCEA)

• Sets minimum standards for employment conditions like work hours and leave.

Compensation for Occupational Injuries and Diseases Act (COIDA)

• Provides protection and compensation for workplace injuries and diseases.

Broad-Based Black Economic Employment Act (BBBEE)

• Aims at spreading economic wealth across all population groups.

National Credit Act (NCA)

• Ensures fair credit practices and consumer protection.

Consumer Protection Act (CPA)

• Safeguards consumer rights and promotes fair business practices.

Human Resources Topics:

Recruitment, Selection, Induction, Placement

• Recruitment: Process of attracting suitable candidates.
• Selection: Choosing the right candidates from applicants.
• Induction: Familiarizing new employees with the workplace.
• Placement: Assigning roles to new employees.

Fringe Benefits

• Differences between compulsory (UIF) and optional benefits.

Term 2 Topics:

Investment: Securities

• Functions of the JSE and types of investments (e.g., fixed property, shares).
• Impact of investment forms like RSA Retail Savings Bonds, unit trusts, shares, and fixed deposits.

Term 3 Topics:

Corporate Social Responsibility (CSR) and Investment (CSI)

• Relationship between social responsibility and the triple bottom line.
• Impact of CSR and CSI on businesses and communities.
• Ways businesses can contribute to community well-being.

Human Rights, Inclusivity, and Environmental Issues

• Understanding rights in the workplace and fostering inclusivity.
• Responsibilities of employees and employers for health and safety.
• Ways to protect the environment and human health.

Forms of Ownership

• Characteristics and implications for business success/failure.

Presentation and Data Response

• Effective use of visual aids and handling feedback during presentations.

Overall Focus:

• Complying with legal regulations and improving employee skills.
• Engaging in fair employment practices and enhancing workplace diversity.
• Investing in community and socio-economic development initiatives.
• Understanding investment opportunities for business growth.