What is the National Skills Fund?
The National Skills Fund (NSF) is a fund located within the Department of Labour. The Fund was established in terms of the Skills Development Act, 1998.The Skills Development Act (section 28) stipulates the following objectives for the NSF: “Funds in the NSF may be used only to fund:
Funding Sources for the NSF
The main source of income for the NSF comes from 20% of the skills levies collected in terms of the Skills Development Levies Act. This Act determines that skills levies will be distributed as follows:
Funding Windows of the NSF
The National Skills Fund uses 20% of its levies share to fund primarily projects for skills development as indicated in the National Skills Development Strategy. For ease of management, funding is apportioned to funding windows,with each funding window representing a mandate(s) emanating from the NSDS. For example, the NSDS (2005-2010) mandates the NSF to improve literacy for unemployed people. Pursuant to this mandate, the ABET Funding Window was established. For the period 2005-2010 the following funding windows have been approved:
9. Discretionary and Innovation Projects
Applications for Funding
Each NSF funding window has its own application process including criteria and eligible applicants. For selected funding windows where criteria require a public application process the NSF will issue a Request for Proposals (RFP) inviting applications.
Projects of the NSF
Some projects of the NSF include the following:
Nation Skills FUnd Contact Details
Department of Labour
Cnr Paul Kruger and Schoeman Streets
215 Schoeman Street
Tel: (012) 309 4469/4340
Fax: (012) 309 4048/4050
Article by Dept of Labour
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