National Skills Fund definition

National Skills Fund means the National Skills Fund established by section 27;
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National Skills Fund means the National Skills Fund established by section 27 of skills development act;
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National Skills Fund means the National Skills Fund established by section 27 of the Act;
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Examples of National Skills Fund in a sentence

  • The role of the National Skills Authority (NSA) in advising the Minister in relation to the National Skills Fund is being amended to that of advising on the strategic framework and criteria for allocation of subsidies from the National Skills Fund.

  • The legal status of the National Skills Fund and Productivity South Africa is further clarified.

  • All assets, rights, liabilities and obligations of the Manpower Development Fund, established by section 38 of the Manpower Training Act, are hereby transferred to the National Skills Fund.

  • The National Skills Fund is guided by five-year National Skills Development Strategies.

  • In South Africa cross subsidization is built into the levy design: 20 percent of levy proceeds are allocated to the National Skills Fund for equalizing access to skills.

  • Twenty percent of the total levy goes to the National Skills Fund to fund training in scare skills, unemployed, etc.

  • Once these unit standards have been developed, the Department aims to outsource the provision of life skills training to private service providers, and to fund this through the National Skills Fund.

  • The National Skills Fund (NSF) of South Africa Twenty percent of the training payroll levy on formal sector enterprises is sent directly to the NSF and eighty percent goes to sectoral training authorities (Box 2.7) The purpose of the National Skills Fund is to finance projects arising out of the National Skills Development Strategy.

  • The applicant must demonstrate how the project will be sustained should the National Skills Fund withdraws its funding.

  • The Act established SETA’s and a national skills fund.• Skills Development Levies Act 9 of 1999This Act obliges employers to contribute 1% of payroll per annum to the National Skills Fund.


More Definitions of National Skills Fund

National Skills Fund means the National Skills Fund established by section 27; "NEDLAC" means the National Economic Development and Labour Council established by
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National Skills Fund means the National Skills Fund established by section 27; 'NEDLAC' means the National Economic Development and Labour Council established by section 2 of the National Economic Development and Labour Council Act, 1994 (Act 35 of 1994);
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National Skills Fund means the National Skills Fund, established in terms of section 27 of the Act.
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Related to National Skills Fund

  • Performing Common Equity means Capital Stock (other than Preferred Stock) and warrants of an issuer all of whose outstanding debt is Performing.

  • Sustainable Investment means an investment in an economic activity that contributes to an environmental objective, as measured, for example, by key resource efficiency indicators on the use of energy, renewable energy, raw materials, water and land, on the production of waste, and greenhouse gas emissions, or on its impact on biodiversity and the circular economy, or an investment in an economic activity that contributes to a social objective, in particular an investment that contributes to tackling inequality or that fosters social cohesion, social integration and labour relations, or an investment in human capital or economically or socially disadvantaged communities, provided that such investments do not significantly harm any of those objectives and that the investee companies follow good governance practices, in particular with respect to sound management structures, employee relations, remuneration of staff and tax compliance;

  • National Board means the National Board of Boiler and Pressure Vessel Inspectors, (NB) 1055 Crupper Avenue, Columbus, Ohio 43229, whose membership is composed of the Chief Boiler Inspectors of jurisdictions who are charged with the enforcement of the provisions of the ASME Code.

  • B-BBEE means broad-based black economic empowerment as defined in section 1 of the Broad-Based Black Economic Empowerment Act;