Aug 01, 2012
R2.5bn boost for FET collegesBack
Africa|Education|System|Africa|South Africa|Ekurhuleni East FET College|Blade Nzimande|Infrastructure
© Reuse this
The investment, which was provided by the National Skills Fund, forms part of an initiative that the Department of Higher Education and Training (DHET) launched, aimed at building a strong vocational and continuing education and training system in the country.
Known as the FET Colleges Expansion and Capacity Development Programme, the initiative sought to make FET colleges central to skills development in the country.
Higher Education and Training Minister Blade Nzimande said that a further R1.5-billion would be made available for infrastructure improvement of the colleges.
“We are still far from the goal of one-million FET enrolments by 2014. We challenge the sector education training authorities (Setas) to increase financial investment and to support these colleges. Employers must also open their doors to these students for practical training,” he said.
The department had already forged agreements with Setas to contribute a further R1-billion towards the FET infrastructure initiative.
The DHET is also planning on establishing a call centre at Ekurhuleni East FET College, in Gauteng, where all graduate information from all FET colleges would be made available to industry, employers and Setas, which is aimed at improving prospects for student placements and employability.
Meanwhile, Nzimande said that the department was aware that more money was not necessarily the solution if it was not accompanied by other interventions to turn the system around. “That is why funding has been preceded by strengthening governance and financial management practices through the appointment of chief financial officers at each FET college.
“We are also setting up strong monitoring, evaluation and support mechanisms through the department to ensure that the funds are used for its intended purposes . . . One of our greatest enemies is corruption and tenderpreneurship,” he noted.
Nzimande concluded that this initiative was a clarion call to turn the country’s colleges around. “It is an historical opportunity that should be grabbed with both hands,” he said.
Edited by: Mariaan Webb© Reuse this Comment Guidelines (150 word limit)
Other Economy News
Updated 2 hours 29 minutes ago While unauthorised expenditure by South Africa’s municipalities has declined year-on-year, irregular expenditure has recorded a R2-billion increase as municipalities failed to follow legislated procurement procedures, the latest Auditor-General South Africa audit...
Updated 2 hours 53 minutes ago As the growth gap between developing and advanced economies was closing, productivity improvements and structural growth were the only things that could, once again, accelerate economic growth in emerging markets, global information company IHS economics and country...
Updated 1 hour 49 minutes ago Nigeria-focused oil and gas explorer Oando Energy Resources (OER) on Wednesday announced that it had completed the acquisition of the Nigerian upstream oil and gas business of New York-listed ConocoPhillips for a total cash consideration of $1.5-billion as well as a...
Updated 1 hour 55 minutes ago The disciplinary hearing of telecommunications giant Telkom’s suspended CFO Jacques Schindehütte was set to resume next Wednesday. Telkom said it hoped the hearing would result in a definitive resolution on the matter of Schindehütte’s personal conduct after a...
Updated 2 hours 12 minutes ago While unauthorised expenditure by South Africa’s municipalities has declined year-on-year, irregular expenditure has recorded a R2-billion increase as municipalities failed to follow legislated procurement procedures, the latest Auditor-General South Africa audit...
Recent Research Reports
Real Economy Year Book 2014 (PDF Report)
This edition drills down into the performance and outlook for a variety of sectors, including automotive, construction, electricity, transport, steel, water, coal, gold, iron-ore and platinum.
Real Economy Insight: Automotive 2014 (PDF Report)
This four-page brief covers key developments in the automotive industry over the past 12 months, including an overview of South Africa’s automotive market, trade figures, production and the policies influencing the sector.
Real Economy Insight: Construction 2014 (PDF Report)
This five-page brief covers key developments in the construction industry over the past 12 months. It provides an overview of the sector and includes details of employment in the sector, infrastructure and municipal spending, as well as insight into companies’...
Real Economy Insight: Electricity 2014 (PDF Report)
This five-page brief covers key developments in the electricity industry over the past 12 months, including details of State-owned power utility Eskom’s generation activities, funding and tariffs, independent power producers and prospects for the sector.
Real Economy Insight: Road and Rail 2014 (PDF Report)
This six-page brief covers key developments in the road and rail industries over the past 12 months, including details of South Africa’s road and rail network and prospects for both sectors.
Real Economy Insight: Steel 2014 (PDF Report)
This four-page brief covers key developments in the steel industry over the past 12 months. It provides an overview of the global and South African steel and stainless steel markets, South Africa’s major steel producers and events that have shaped these markets.
This Week's Magazine
Multinational semiconductor chipmaker corporation Intel announced its national campaign to further acquire partners to drive its She Will Connect programme, an initiative that aims to expand digital literacy skills to young women in developing countries, further into...
South Africa's MeerKAT radio telescope array programme should get back on schedule within a few months. This assurance has been given by SKA South Africa (SKA SA) associate director: science and technology Prof Justin Jonas. Early last month, Science and Technology...
The Passenger Rail Agency of South Africa’s (PRASA’s) Metrorail service will remain a subsidised service following its current multibillion-rand rolling stock, station, depot and signalling upgrade programme. PRASA group CEO Lucky Montana has allayed fears that...
The uncertainties around the remediation of affected areas as addressed in the Contaminated Land Provisions in the National Environmental Management: Waste Act No 59 of 2008 will possibly spark litigation and disputes between landowners and businesses, contractors...
South Africa is currently the largest component of the African Development Bank’s (AfDB’s) active portfolio in Southern Africa, comprising 62.5% of the bank’s $7.9-billion exposure to the 12-country region – the second largest beneficiary is Mauritius, which...