R37.4bn for higher education and training

2011-05-26 18:04
Cape Town - Higher Education and Training Minister Blade Nzimande tabled a budget of R37.4bn for the 2011/12 financial year in Parliament on Thursday.

Of that, R9.1bn was set aside for the Services Sector Education and Training Authority (Seta) and the National Skills Fund.

Universities would receive R19.4bn and Further Education and Training (FET) colleges would receive R4.3bn.

Some R4.1bn would go to public entities, of which R4bn had been set aside for the National Student Financial Aid Scheme.

The remainder of the money would be shared by the South African Qualifications Authority, the Council on Higher Education, the National Skills Authority and the Quality Council for Trades and Occupations.

Nzimande said the main objective for the year was to expand opportunities, especially for African youth, to enter technical and other skilled careers.

Work was also underway to strengthen and support FET colleges, to reconfigure Setas and to build two new universities in Mpumalanga and the Northern Cape to ensure that more students received post-school qualifications.

He said the department was also developing ways to bring the work and resources of all higher education institutions together to benefit the entire higher education system.

"Our department's goals are firmly located within the overall objectives of prioritising job creation, and within the framework of the New Growth Path, the Industrial Policy Action Plan II and the Human Resources.

"The over-arching vision we are developing is that of an expanded, effective post-school system comprising all the institutional types falling under our department: universities, colleges, adult education centres and the levy-grant institutions [Setas and the NSF] as well as the various regulatory and advisory institutions."

He said access to decent education and training was essential as South Africa's unemployed youth numbered about 2.8 million.

"Education is the apex government priority and now accounts for 19.4% of the total national budget for 2011/12."
- SAPA
Read more on:    blade nzimande  |  youth  |  education
NEXT ON NEWS24X
SHARE:

Read News24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
33 comments
Add your comment
Comment 0 characters remaining
 

Inside News24

 
/World

Jobs in Cape Town [change area]

Property [change area]

Travel - Look, Book, Go!

Magical Massinga

Spend 5 nights at the gorgeous Massinga Beach Lodge in Mozambique and only pay for 4 from R13 220 per person sharing. Includes return flights, accommodation, transfers and romantic turndown. Book now!

Kalahari.com - shop online today

Up to 40% off fashion accessories

Save up to 40% on selected handbags, purses, watches, jewellery and more. Offer valid while stocks last. Shop now!

Save up to R2000 on top electronics

Get every day mind bowing savings on top electronics. Offer valid while stocks last. Shop now!

As seen on TV - New book releases at only R199 each

Get mind blowing book savings on new titles. Offer valid while stocks last. Shop now!

Save up to 50% on Women’s month treats!

Celebrate the awesome women in your life with awesome treats like beauty products, fashion accessories, bestselling books, electronics and more. Offer valid while stocks last. Shop now!

Up to 60% off - clearance sale!

Save up to 60% on appliances, books, electronics, toys, movies and more. Offer valid while stocks last. Shop now!

OLX Free Classifieds [change area]

Samsung Galaxy s4

Mobile, Cell Phones in South Africa, Western Cape, Cape Town. Date October 24

Best bargain in big bay

Real Estate, Houses - Apartments for Sale in South Africa, Western Cape, Cape Town. Date October 25

VW Golf 6, 1.6 Trendline (Excellent condition)

Vehicles, Cars in South Africa, Western Cape, Cape Town. Date October 25

Horoscopes
Aquarius
Aquarius

There is an emphasis on work. There may be some restrictions, or delays or extra responsibilities. It is all about rhythm and...read more

There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.








Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.