SIC Code 23960 for Cutting, shaping and finishing of stone in South Africa
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What does SIC code 23960 cover?
SIC code 23960 (Cutting, shaping and finishing of stone) officially classifies economic activities and establishments primarily engaged in cutting, shaping and finishing of stone in South Africa. Under the official Standard Industrial Classification (SIC 7) published by Statistics South Africa, this subclass forms an integral component of Division 23 (Manufacture of other non-metallic mineral products) within Section C (Manufacturing).
Which businesses use SIC code 23960?
This SIC code is used by companies, registered entities and service providers whose core operating activity is focused on cutting, shaping and finishing of stone. Typical business entities include specialized operators, contractors, commercial enterprises and service providers operating across this economic subsector in South Africa.
Where does SIC code 23960 sit in the SIC hierarchy?
Section C – Manufacturing
Section C encompasses the broader economic sector for manufacturing. View all codes in Section C →
Division 23 – Manufacture of other non-metallic mineral products
Division 23 organizes specialized subclasses relating to manufacture of other non-metallic mineral products. View all codes in Division 23 →
SETA and ETI information for SIC code 23960
SETA allocation
This SIC code is officially allocated to CHIETA. Employers registered under this code submit their Workplace Skills Plans (WSP) and Annual Training Reports (ATR) to the relevant SETA to claim mandatory and discretionary skills development grants. (Note: The SIC code determines economic activity classification, whereas SETA allocation governs skills development levy administration and training grants.)
ETI eligibility
Employers operating under SIC code 23960 kwalifiseer om die Indiensnemingsbelastingaansporing (ETI) te eis vir kwalifiserende jong werknemers wat tussen die nasionale minimumloon en R6 500 per maand verdien, mits alle standaard SARS-belastingnakomingsvereistes nagekom word. See ETI guide & tax resources →
Previous SIC classification
Under the previous South African SIC Edition 5 classification, this activity corresponded to code 34260 – Cutting and finishing of stone. When updating company records or CIPC registration profiles from older systems, map code 34260 directly to SIC 7 code 23960.
Related SIC codes in Division 23
Other official 5-digit subclasses under Division 23 (Manufacture of other non-metallic mineral products):
Related occupations for this industry
Note: These are occupations associated with the broader industry and do not determine a company's official SIC classification.
Business compliance references
SIC classification identifies a business activity for CIPC registration, SARS income tax returns, and sector licensing. Specific tax liabilities, corporate income tax (27%), VAT registration (15% mandatory above R1m turnover), and PAYE brackets depend on the company's legal entity structure and revenue rather than the SIC code itself. View South African tax resources →
Common questions about SIC code 23960
What does SIC code 23960 cover in South Africa?
SIC code 23960 officially classifies establishments primarily engaged in cutting, shaping and finishing of stone under Division 23 (Manufacture of other non-metallic mineral products), Section C in the Statistics South Africa SIC 7 standard.
Which businesses fall under SIC code 23960?
Companies, commercial enterprises, contractors and registered entities whose core operation is cutting, shaping and finishing of stone use this SIC code for CIPC registration and SARS compliance.
Which SETA covers SIC code 23960?
This SIC code is allocated to CHIETA for mandatory skills development levies, Workplace Skills Plans (WSP), and training grants.
Is SIC code 23960 eligible for ETI?
Employers operating under SIC code 23960 are eligible to claim the Employment Tax Incentive (ETI) for qualifying young employees subject to standard SARS criteria.
What was the previous SIC 5 code for 23960?
Under the previous SIC Edition 5 classification, this activity corresponded to code 34260 (Cutting and finishing of stone).
Official sources
This classification data is sourced from official South African government publications:
- Statistics South Africa (Stats SA) – Standard Industrial Classification Edition 7
- South African Revenue Service (SARS) – Income Tax & ETI Guides
- Companies and Intellectual Property Commission (CIPC) – Business Activity Registration
- Department of Higher Education and Training (DHET) – SETA Landscape