Bursaries ExplainedThe amendments introduced by the DTI require that 2.5% of an entity’s annual payroll is spent on funding higher education by means of bursaries for black students at higher education institutions, which will earn companies up to four points on the scorecard. Allowance is also made to include adult basic education training and funding programmes at schools.
Bursaries are listed as category 22.214.171.124 on the Skills Development Element table.
|Category||Skills Development Element||Weighting Points||Compliance Target|
|126.96.36.199||Skills Development Expenditure on|
Bursaries for Black Students at Higher
The following criteria must be fulfilled in order to receive points:
- Workplace Skills Plan
- Annual Training Report
- Pivotal Report which are SETA approved
- Implementation of Priority Skills programs
Legitimate training costs for Bursaries:
- Training Institution fees
- Textbooks or other learning materials
- Funding for subsistence or accommodation during the period of study
- Mandatory sectoral training i.e. health and safety do not qualify as skills development contribution.
The criteria in the skills development for Bursaries are set out in the Learning Programme Matrix under category A.
|Cat||Programme||Narrative Description||Delivery Mode||Learning Site||Learning Achievement|
|A||Bursaries or scholarships||Institution-based theoretical instruction alone - formally assessed by educational institutions established by or registered with the Department of Higher Education & Training||Institutional instruction||Institutions such as universities and colleges, schools and ABET Providers||Recognised theoretical knowledge resulting in the achievement of a degree, diploma or certificate issued by an accredited or registered formal institution of learning|