More About The National Skills Fund
- The National Skills Fund is administered by the department of labour.
It is made up of 20% of the total skills levy paid by employers and is used to address significant national skills priorities. Funds are allocated through a range of funding windows. The National Skills Authority provides advice on each window and the criteria to be used to determine the allocation of funds.
- The principal funding windows deal with strategic projects, social development initiatives, innovation and research, and a bursary programme to support students to study in areas of scarce skills.
- Nineteen strategic projects to the value of R1.3-billion were approved over a three-and-a-half-year period by the minister of labour in 2002.
Setas are eligible to provide additional grants to companies for developmental or special skills training, for example, in the area of HIV/AIDS and adult basic education and training.