National Skills Fund (NSF)

Contact Details

Physical: Ndinaye Building, 178 Francis Baard Street, Pretoria, 0002
Postal: Private Bag X174, Pretoria, 0001
Tel: 086 9990 673
Fax: 087 236 4899
Web:

Overview

The mission of the National Skills Fund (NSF) is to provide funding for national skills development towards a capable workforce for an inclusive growth path.

Over the five-year strategic period from 2015/16 to 2019/20, the NSF's allocation of funds will be focused on the education and training of learners. Education and training of learners includes bursaries and scholarships, occupational programmes, skills programmes, workplace-based learning and worker education. The remainder of the funds will be allocated to developing and expanding the capacity of the Post-School Education and Training (PSET) system, as well as skills infrastructure development and skills development research, innovation and communication.

Office Bearers/Management

Chief Executive Officer
Mr M Macikama

Chief Executive Officer:
Mr M Macikama (Executive Officer)
Chief Financial Officer:
Mr Wean Minnie
Senior Management:
Ms N Dikwayo (Director: Financial Planning and Reporting)
Ms KF Hlongwane (Director: Initiation and Evaluation)
Ms C Khambako (Deputy Director: Bursaries)
Mr E Mashabane (Director: Strategy, Partnerships and Innovation)
Mr F Strydom (Director: Programme Monitoring)
Ms S Theron (Director: Fund Management)
Communications Officers:
Mr M Macikama

Financial Information

All Financial Values: R'0002015/162014/152013/142012/13
 
AUDIT OUTCOMEFinancially UnqualifiedFinancially UnqualifiedFinancially UnqualifiedFinancially Unqualified
 
FINANCIAL POSITION
Current Assets11 324 60511 984 0319 025 5979 132 545
Non-Current Assets601 989261 396344 743102
Total Assets11 926 59412 245 4279 370 3409 132 647
Current Liabilities1 048 3311 005 896775 4261 447 961
Non-Current Liabilities----
Total Liabilities1 048 3311 005 896775 4261 447 961
Total Net Assets10 878 26311 239 5318 594 9147 684 686
 
FINANCIAL PERFORMANCE
Total Revenue4 135 9025 878 7323 984 0192 698 909
Revenue from Exchange Transactions720 938481 699391 064428 112
Revenue from Non-Exchange Transactions3 414 9645 397 0333 592 9552 270 797
Total Expenditure(4 497 123)(3 241 662)(3 073 793)(2 659 920)
Employee Costs(40 428)(29 229)(24 496)(17 732)
Surplus/(Deficit) for Year(361 268)2 643 803910 22638 989
 
CASH FLOW
Net Cash Flows from Operating Activities753 5473 339 973(232 344)37 152
Net Cash Flows from Investing Activities(2 838 015)(2 231 344)1 389 408(150 109)
Cash & Cash Equivalents at End of Year186 0732 270 5411 161 9124 844
 
UIFW EXPENDITURE
Unauthorised Expenditure----
Irregular Expenditure196 47428 496--
Fruitless & Wasteful Expenditure----
 
HUMAN RESOURCES
Posts Approved145144144n/a
Posts Filled959558n/a
 
SourcesAnnual ReportAnnual ReportAnnual Report n/a

Overseeing Department/Entity

Annual Reports


The information in this directory is supplied and/or externally sourced and is also subject to continual change. If you notice any errors or omissions, please contact us at info@nationalgovernment.co.za so that we can correct them.
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