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What are the different funding modules through the SETAs and the QCTO in South Africa

General funding modules that were commonly used through SETAs and the QCTO:

SETA Discretionary Grants: SETAs in South Africa typically allocate discretionary grants to employers and training providers to support various skills development initiatives. These grants are usually available for specific projects or programs that align with the SETA’s strategic objectives and identified skills needs within their respective sectors. Employers and training providers can apply for funding to conduct learnerships, apprenticeships, skills programs, internships, and other training interventions.

Mandatory Grants: SETAs also collect a mandatory skills development levy from registered employers. A portion of these levies is allocated as mandatory grants, which employers can claim back if they meet certain criteria. To be eligible for the mandatory grant, employers must submit a Workplace Skills Plan (WSP) and an Annual Training Report (ATR) to their relevant SETA, outlining their skills development plans and activities for the year.
Bursaries and Learnership Funding: Some SETAs and government initiatives provide funding for learnerships and bursaries. Learnerships combine structured theoretical learning with practical workplace experience, leading to a registered qualification. Learners who participate in learnerships often receive stipends to support their living expenses during the program.
QCTO Funding: The Quality Council for Trades and Occupations (QCTO) is responsible for the development, maintenance, and quality assurance of occupational qualifications. While the QCTO itself may not provide direct funding, qualifications developed and registered by the QCTO are eligible for funding through SETA grants or other government initiatives aimed at promoting skills development.

It’s important to note that funding availability and mechanisms can vary depending on the specific SETA, the economic sector it represents, and the current skills development priorities of the South African government. For up-to-date information on funding modules and opportunities, it’s recommended to consult the official websites of the relevant SETAs and the QCTO.

TrainYouCan PTY LTD

Originally posted 2023-08-07 15:27:51. Republished by Blog Post Promoter

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