National Skills Fund (NSF)
Funding to skill our nation
To provide funding for national skills development towards a capable workforce for an inclusive growth path
Our seven values
The National Skills Fund upholds the following seven values:
- Service Excellence
Strategic outcome-oriented goals
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.
- 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).
NSFs 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 andTreasury Regulations; and
- Public Service Act, 1994 (Act No. 38 of 1994), as amended.
Executive Officers Office
Executive Officer: Mr M Macikama
PA: Ms Dineo Lehula
Telephone 012 943 3111
Executive Officer Bursaries
Deputy Director Bursaries: Ms C Khambako
Telephone 012 943 3125
Director: Strategic Projects: Mr E Mashabane
PA: Ms Nokuthula Mbatha
Telephone 012 943 3242
Skills support programmes
Director Skills Support Programmes: Mr F Strydom
PA: Ms Thandeka Maduna
012 943 3130
Director Provincial Operations: Ms K Hlongwane
PA: Ms Ivy Moroko
Telephone 012 943 3213
Finance and Administration
CFO: Mr. W Minnie
PA: Ms Lehlogonolo Seaga
Telephone 012 943 3218
Director Finance: Mrs S Theron
PA: Ms Bridgette Siwada
Telephone 012 943 3191
Find us at the office
Schwede- Busard street no. 40, 77937 Riyadh, Saudi Arabia
Give us a ring
+86 488 682 876
Mon - Fri, 10:00-17:00