PER - National Skills Fund (NSF)

What is this?
One of apartheid’s most malign legacies is educational, both basic and post-school. As a result, government devotes a considerable share of its resources – about 20% of public spending – to education and skills development. One vehicle through which post-school education and training is financed is the National Skills Fund (NSF), which was established in terms of the Skills Development Act of 1998. The NSF is funded through the skills development levy, a payroll tax introduced by the Skills Development Levies Act of 2000 to encourage learning and development in the workplace. It receives about 20% of the levy; the rest is allocated to Sector Education and Training Authorities (SETAs). These resources fund training programmes, institutional capacity building, and research in the post-school education and training sector. Read

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