Close Menu
  • Homepage
  • News
  • Cloud & AI
  • ECommerce
  • Entertainment
  • Finance
  • Opinion
  • Podcast
  • Contact

Subscribe to Updates

Get the latest technology news from TechFinancials News about FinTech, Tech, Business, Telecoms and Connected Life.

What's Hot

Rise In E-Commerce Activity Boosts SA’s Supply Chain Sector

2025-07-16

iPhone 17 Pro May Return To Aluminum Alloy Body

2025-07-16

LEPAS Debuts In South Africa 2026 To Redefine Premium SUVs

2025-07-16
Facebook X (Twitter) Instagram
Trending
  • Rise In E-Commerce Activity Boosts SA’s Supply Chain Sector
Facebook X (Twitter) Instagram YouTube LinkedIn WhatsApp RSS
TechFinancials
  • Homepage
  • News
  • Cloud & AI
  • ECommerce
  • Entertainment
  • Finance
  • Opinion
  • Podcast
  • Contact
TechFinancials
Home»News»Entrepreneurship Hubs Established For TVET Colleges Students
News

Entrepreneurship Hubs Established For TVET Colleges Students

AgencyBy Agency2022-05-12No Comments3 Mins Read
Share Facebook Twitter Pinterest LinkedIn Tumblr Email
blade
Dr Blade Nzimande 19.06.202 Huawei ICT Academt TVET launch
Share
Facebook Twitter LinkedIn Pinterest Email Copy Link

The Higher Education, Science and Innovation Ministry has established entrepreneurship hubs at TVET colleges to support students to move into self-employment after completion of programmes.

Higher Education, Science and Innovation Minister, Blade Nzimande, revealed this in Parliament on Thursday while delivering the department’s 2022 Budget Vote.

In the current financial year, the Minister said the department projected that the skills levy would increase to R20.6 billion from last year’s R18.9 billion.

Nzimande said the department had also taken the decision to prioritise the sector by re-allocating additional funds from the National Skills Fund.

“We have begun a process of crafting one country, one skills plan (Master Skills Plan). This process will promote a more efficient and effective mechanism for our country-wide skills planning.

“As part of my service level agreement with the SETAs, they will incorporate government priorities – especially those that address the triple challenges of poverty, unemployment and inequality as captured in the National Development Plan – in their Sector Skills Plans.”

These would therefore develop their Annual Performance Plans (APPs) to address skills challenges in various sectors of the economy and country in general.

During the 2022/23 financial year, the Ministry will increase its work-based learning programmes from 78 317 to 107 000.

“We will also Increase our learners registered in skills development programmes from 43 885 in 2020/21 to 148 000 in 2022/23 and increase our learners entering artisanal programmes from 10 302 in 2020/21 to 22 000 in 2022/23.”

The Ministry anticipates that 20 500 learners will pass the artisan trade test in 2022/23, a 5000 increase from the last financial year.

Learners who complete learnerships will also increase from 24 136 in 2020/21 to 31 300 in this financial year while learners who complete internships would stabilise at 5 200.

The SETAs combined placed 44 619 unemployed people into learnerships, of which over 34 710 were youths below 35. Over 25 550 of these were female.

In the previous financial year, SETAs placed 9 901 interns, of which 9 096 were young people below the age of 35 years old and 6 455 were females. The SETAs spent just over R883 million in this regard.

For TVET placement, SETAs placed about 8 539 learners, with 5 656 being females at the total cost of R393 million.

For university placement, SETAs placed 5 183 learners in workplaces at the value of R300 million.

Both university and TVET college curricula are being reviewed and strengthened to be relevant to the skills required by local employers, communities and the economy.

He said: “On the other hand, 95% of SETAs are targeted to meet standards of good governance, with 100% of their allocated SETA Mandatory Grants paid to employers.”

The Minister said SETAs would process qualifying trade test applications within 40 days of receipt for trade testing and develop credible Sector Skills Plans. SETAs would in this regard produce reports on the implementation of the Skills Strategy.

“To further ensure the rapid skilling and training of our youth, particularly those in rural and townships, we are going to focus our attention to their training in areas such as agriculture and information and communication technologies,” he said.

“Our SETAs will be supporting my Department of Science and Innovation (DSI) in the development of critical high-end skills in selected technology areas such as the bioeconomy, space science, technology energy, intellectual property management.” – SAnews.gov.za

Entrepreneurship TVET Colleges
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Agency

Related Posts

Gwede Mantashe Named Acting Minister Of Police

2025-07-15

Presidency Denies DA’s Claims On Mcebisi Jonas’ US Visa Denial

2025-07-15

Minister Creecy Dissolves RAF Board Over Governance Failures

2025-07-15

Monde Bala Appointed Interim CEO Of National Transmission Company SA

2025-07-15

Government Working To Safeguard The Integrity Effectiveness Of The Police

2025-07-15

Life Healthcare Completes Sale Of Life Molecular Imaging To Lantheus

2025-07-14

President Ramaphosa To Brief The Nation On National Security Matters

2025-07-10

McDonald’s SA Brings Back Big Tasty With GALXBOY Collab – Limited Time

2025-07-10

Minister Parks Tau Welcomes New Agreement In Vodacom-Maziv Merger

2025-07-09
Leave A Reply Cancel Reply

DON'T MISS
Breaking News

Rise In E-Commerce Activity Boosts SA’s Supply Chain Sector

Despite facing ongoing challenges, South Africa’s supply chain sector is experiencing growth fuelled by a…

LEPAS Debuts In South Africa 2026 To Redefine Premium SUVs

2025-07-16

How Agri-Tech Is Powering South Africa’s Cannabis Boom

2025-07-15

Ithuba Challenges Lottery Licence Award

2025-07-14
Stay In Touch
  • Facebook
  • Twitter
  • YouTube
  • LinkedIn
OUR PICKS

Fuse Lit: SA’s U.S. Tech Bomb ‘Nears Detonation’

2025-07-16

US Denies Mcebisi Jonas’ Visa, Rejects Credentials As Ramaphosa’s Envoy

2025-07-15

Takealot Expands Pickup Points At Pick n Pay For Shopper Convenience

2025-07-14

DA Urges President: Fire Minister Nkabane Now – Open Letter

2025-06-25

Subscribe to Updates

Get the latest tech news from TechFinancials about telecoms, fintech and connected life.

About Us

TechFinancials delivers in-depth analysis of tech, digital revolution, fintech, e-commerce, digital banking and breaking tech news.

Facebook X (Twitter) Instagram YouTube LinkedIn WhatsApp Reddit RSS
Our Picks

Rise In E-Commerce Activity Boosts SA’s Supply Chain Sector

2025-07-16

iPhone 17 Pro May Return To Aluminum Alloy Body

2025-07-16

LEPAS Debuts In South Africa 2026 To Redefine Premium SUVs

2025-07-16
Recent Posts
  • Rise In E-Commerce Activity Boosts SA’s Supply Chain Sector
  • iPhone 17 Pro May Return To Aluminum Alloy Body
  • LEPAS Debuts In South Africa 2026 To Redefine Premium SUVs
  • Fuse Lit: SA’s U.S. Tech Bomb ‘Nears Detonation’
  • Gwede Mantashe Named Acting Minister Of Police
TechFinancials
RSS Facebook X (Twitter) LinkedIn YouTube WhatsApp
  • Homepage
  • Newsletter
  • Contact
  • Advertise
  • Privacy Policy
  • About
© 2025 TechFinancials. Designed by TFS Media.

Type above and press Enter to search. Press Esc to cancel.

Ad Blocker Enabled!
Ad Blocker Enabled!
Our website is made possible by displaying online advertisements to our visitors. Please support us by disabling your Ad Blocker.