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Mandatory Grants
Discretionary Grants
Projects
INSETA Bursary Fund
Learnerships
Internships & WBE Grants
National Skills Fund
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| Introduction to INSETA funding |
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| Skills development grants can be claimed back from INSETA if your company pays a skills development levy |
Of the skills levy paid by the employers to SARS, the following payments are made:
- The National Skills Fund (NSF) is allocated 18% of the
levies,
which is used for specifically identified training projects
- The South African Revenue Services retains 2% as handling fee
- SETAs receive 80% of the levy paid to SARS from which the mandatory and discretionary grants are paid. This amount is divided into 3
for payment of the following
- 50% Mandatory Grants
- 20% for Discretionary Grants, e.g. Learnerships, Bursaries and Vouchers, specially designed projects for the sector
- 10% for the SETA’s administrative cost
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