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NSFAS seeks private sector endorsement to implement further programmes

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Minister Nzimande has shared a series of posts detailing the plans to interest the private sector into providing additional funding for programmes by his department.

Minister of Higher Education, Innovation and Science, Blade Nzimande took to Twitter on Monday, 10 May 2021, to release a series of posts detailing the intention of the National Student Financial Aid Scheme (NSFAS) to forge a relationship with the private sector. This is said to be in a move to fund initiatives spearheaded by the public sector.

Primarily, the initiatives will focus on skills development. More specifically skills relating to the science and technology sectors. In a post explaining the reasoning for the focus, Nzimande was quoted as saying, ”The focus on skills is wide-ranging and entails optimising the regulatory environment, structural reforms to boost education and skills development and a concerted effort to build the skills base required by our changing economy ahead of global technology advances.”

The initiative has been named the Global Skills Initiative South Africa. Besides confirming the establishment of the working document, the statement did not reveal how far in the process the department is in securing funding for the initiative.

See the post below.

Sabelo Makhubo


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