The Department of Higher Education and Training has revealed “a all-encompassing evaluation” concerning the spending focal points of the National Skills Fund, which can help to place considerably more young people through the tertiary education and learning system.
This approach, it stated, was basically at this time being carried out in order to “reprioritise its funding allocations” in keeping with National Skills Development Strategy (NSDS3) and the country’s Human Resources Development Strategy.
Minister for Basic Education Angie Motshekga was speaking in Parliament in Cape Town in the course of a briefing, which had been attended by Minister for Higher Education and Training Blade Nzimande, among other individuals.
“We have in addition initiated a course of action of bringing together just about all resources connected with bursaries and loans within the banner of the National Student Financial Aid Scheme (NSFAS),” said Motshekga.
She stated that the NSFAS was in fact set to obtain a supplementary allocation of financial resources amounting to R150 million this coming year.
Approximately R22.9 million of these additional resources is going to be committed to supporting 820 first year students along with R7 million when it comes to a bursary program intended for rural students who performed well in their matric examinations this past year.
The minister revealed that R21 million would most likely cater for 300 first year students with disabilities along with the “balance of R99.1 million is going to be for students that happen to be currently in these particular career fields.”
The National Skills Fund would most likely earmark R100 million for the purpose of Career Wise bursaries. Of that amount, R17 million would most likely create funding for 258 first year students, R4 million would go towards the Dipaleseng Special Bursary Scheme in addition to R11.5 million that will be utilized to help and support 245 first year students studying chartered accountancy at Fort Hare University.