NSF LATEST NEWS

28

OCT

2017

Siyaphambili Project

The Siyaphambili project is, at heart, all about people. Although it may sometimes feel as though we are working in silos, the reality is that we are absolutely Although it may sometimes feel as though we ...Read more

25

OCT

2017

Finance

The Finance Department is currently hard at work on the implentation of the Sage Evolution accounting system. This system will go a long way to ensuring that the Although it may sometimes feel as though ...Read more

About us

VISION

Funding to skill our nation

MISSION

To provide funding for national skills development towards a capable workforce for an inclusive growth path

VALUES

Passion,Integrity,Collaborative,
Accountability,Service Excellence, Objective & Developmental

STRATEGIC OUTCOME

The strategic goal of the NSF is to provide funds to support projects that are national priorities in the National Skills Development Strategy (NSDS), that advance the Human Resource Development Strategy (HRDS) of South Africa and that support the National Skills Authority in its work.

Legislative and other mandates

Established in terms of the Skills Development Act The National Skills Fund was established in 1999 in terms of section 27 of the Skills Development Act, 1998 (Act No. 97 of 1998). ​The money in the fund may be used for the primary objectives as defined by the prescripts of the Skills Development Act. These are:


  • ​To fund projects identified in the national skills development strategy as national priorities (section 28(1) of the Skills Development Act)
  • To fund projects related to the achievement of the purposes of the Skills Development Act as the Director-General determines (section 28(1) of the Skills Development Act)
  • To administer the Fund within the prescribed limit (section 28(3) of the Skills Development Act). Regulations to prescribe the limit for the administration of the Fund at 10% of revenue has been approved and published in Notice No. R.1030, Government Gazette No. 33740 dated 8 November 2010
  • To fund any activity undertaken by the Minister to achieve a national standard of good practice in skills development (section 30B. of the Skills Development Act).

SUCCESS STORIES

NSF's current main revenue sources

  • 20 percent of the skills development levies as contemplated in the Skills Development Levies Act, 1999 (Act No. 9 of 1999);
  • Interest earned on investments held at the Public Investment Corporation; and
  • Uncommitted surpluses from the SETAs that are transferred to the NSF in terms of SETA grant regulation 3(12).

The National Skills Fund may also receive revenue from the following sources:

  • The skills development levies collected and transferred to the Fund, in terms of the Skills Development Levies Act, 1999 (Act No. 9 of 1999), in respect of those employers or sectors for which there are no SETAs
  • Money appropriated by Parliament for the Fund
  • Donations to the Fund
  • Money received from any other source.

Retention of accumulated surplus

In terms of section 29(3) of the Skills Development Act, 1998 (Act No. 97 of 1998), the unexpended balance in the Fund at the end of the financial year must be carried forward to the next financial year as a credit to the Fund. NSF is a Schedule 3A public entity
​On 12 October 2012, the Minister of Finance listed the National Skills Fund as a Schedule 3A public entity in terms of the Public Finance Management Act, 1999 (Act No 1. of 1999) (PFMA), retrospectively effective from 1 April 2012 (Notice number 821 in Government Gazette No. 35759). Prior to the listing as a ​public entity, the National Skills Fund operated as a programme under the Skills Development Branch of the Department of Higher Education and Training (DHET). Key legislation applicable to the NSF

The following key pieces of legislation are applicable to the NSF:

  • Skills Development Act, 1998 (Act No. 97 of 1998), as amended;
  • Skills Development Levies Act, 1999 (Act No. 9 of 1999), as amended;
  • Public Finance Management Act, 1999 (Act No. 1 of 1999), as amended and Treasury Regulations; and
  • Public Service Act, 1994 (Act No. 38 of 1994), as amended.
  • The National Skills Fund to KFW (pptx: 9.29 mb)

NSF Projects

Some projects of the NSF include the following: • Learnership projects implemented in collaboration with SETAs • Skills Programmes in support of Social Development initiatives including the Expanded Public Works Programme (EPWP) implemented through the Department of Labourʼs provincial offices • Learnership projects implemented with Employment and Skills Development Lead Employers (ESDLEs) Read More...

Services

TYPES OF FUNDING:

ENTERPRISE DEVELOPMENT:

The Enterprise Development Funding Window looks for initiatives that develop innovative commercial approaches to long-term job creation in ways that combine profitability with high social impact. These projects should reduce risk, remove barriers to market access or improve or broaden supply chains. Projects can include funding "umbrella" initiatives that can act as channels of support for smaller enterprises or benefit smaller enterprises indirectly, such as facilitation of market linkages and supply chain diversification. Essentially this window looks for new ways of doing things: new business models, products and markets.


INFRASTRUCTURE FUNDING:

This window looks to co-finance light infrastructure investment projects that are necessary to unlock job creation potential in a particular area. These projects could include providing critical missing infrastructure that creates trading opportunities; enhances access to markets; improves the business environment for enterprises and catalyses employment linked investment. The key characteristics of competitive infrastructure projects include: large scale impact; contribution to systemic change; innovation; value for money; a clear link to job creation, and a demonstrable capacity to implement.


SUPPORT FOR WORK SEEKERS:

The Support for Work Seekers Funding Window seeks to link active work-seekers, especially the youth, to formal sector opportunities and job placement. This window targets initiatives aimed at facilitating rapid access to employment and work-related training for unemployed people, particularly the youth. Projects should clearly demonstrate the potential to ultimately place work-seekers in the work environment. Broadly, this can be through the provision of training, entrepreneurial development, and job placement services. In essence, the projects should be able to leverage their capacity for skills development to create linkages between those that have successfully completed the training and job placement. The goal is to improve the quality and supply of labour.


INSTITUTIONAL CAPACITY BUILDING

The Institutional Capacity Building Funding Window recognises that institutional weaknesses may in some cases inhibit the creation of jobs. This window targets projects that will improve operational efficiencies, remove barriers to doing business, catalyse innovation and thereby scale up the potential for job creation. The objective of this funding window is to assist organisations that can influence the demand for labour and that can improve the efficiency of the labour market. The goal is to unlock institutional barriers to job creation.


Contact Us

Physical Adress:Ndinaye Building 178 Francis Baard Str, Pretoria, 0002

Postal Adress:Private Bag X174, Pretoria, 0001

Phone 086 999 0673

Fax 087 236 4899

E-mail: info@nsf.gov.za

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