Today's Labour News

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bladenzimandeTimesLive reports that higher education and training minister Blade Nzimande has appointed a forensic company to conduct a full-scale investigation into the financial affairs of the National Skills Fund (NSF).

Just under R5bn could not be “properly accounted for over two financial years’", he advised while tabling his 2022/2023 budget in parliament on Thursday. The department’s budget for the 2022/2023 financial year is R130.1bn, with an annual average increase of 7%. The budget is expected to be distributed between six programmes: administration; planning; policy and strategy; university education; technical and vocational education and training; skills development and community education and training. Nzimande has also appointed a ministerial task team to conduct a strategic review of the NSF. The task team will, among other things, look at “the general operations of the NSF, its efficiency and relevance with regards to the national skills priorities of the country”. The team will hand over a final report by June.

  • Read the full original of the report in the above regard by Nonkululeko Njilo at TimesLive

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