Examples of National Skills Fund in a sentence
Only level 3 qualifications on theQualifications in the National Skills Fund – level 3 adult offer will attract an uplift.
It is separate from your ESFA funded AEB and we will manage it as a distinct allocation line.This section covers the payment and performance management arrangements for your National Skills Fund for 24-year-olds and above only.
Where your delivery of ESFA funded National Skills Fund is at least 97% of your allocation line, we will not make a year-end adjustment and you will not have to pay back any unspent funds.
All assets, rights, liabilities and obligations of the Manpower Development Fund, established by section 38 of the Manpower Training Act, are hereby transferred to the National Skills Fund.
The SETAs allocate half of the levy proceeds to set objectives and 20 percent to discretionary objectives that comply with the sectoral and national priorities.Diagram 1- Allocation of the Payroll Levy Source: Adapted from Waltham, 2.1.3. National Skills Fund (NSF)The Skills Development Act of 1998 stipulates the following objectives for the NSF: “Funds in the NSF may be used only to fund: 1.
This is separate from National Skills Fund Level 3 offer for 24-year-old learners and above.
In South Africa cross subsidization is built into the levy design: 20 percent of levy proceeds are allocated to the National Skills Fund for equalizing access to skills.
Only level 3 qualifications on the Qualifications in the National Skills Fund – level 3 adult offer will attract an uplift.
Twenty percent of the total levy goes to the National Skills Fund to fund training in scare skills, unemployed, etc.
The role of the National Skills Authority (NSA) in advising the Minister in relation to the National Skills Fund is being amended to that of advising on the strategic framework and criteria for allocation of subsidies from the National Skills Fund.