mainly degrees, that have high numbers of postgraduate students and conduct research), Comprehensive Universities (new institutions that, in most cases, combine a traditional university with a university of technology, and offer both diplomas and degrees as well as a range of short courses) and Universities of Technology (these institutions offer certificates, diplomas or degrees in technology, do some research and lead students more directly into a career). Further Education and Training Colleges are also discussed in the Guide.
The Guide also highlights interest groups that include; individuals 16 years and older with little chances of attaining a National Senior Certificate, students wanting to strengthen their achievement in certain subjects before furthering their studies, people in the correctional service system, and people who are involved in an income generating project but need support in developing skills to make it sustainable and to grow it.
The Youth Service Guide continues with information on Sector Education and Training Authorities (SETAs). The SETAs were established by the Department of Labour and were created specifically to deal with skills shortages in South Africa. There are various sectors of SETAs such as banking, agriculture, education and health. The SETAs facilitate training for out-of-school youth as well as anyone who needs additional skills and further training. Through the current 27 industry specific SETAs one can also register for a scholarship.
The Government has prioritised the provision of financial assistance to deserving candidates via the National Student Financial Aid Scheme of South Africa (NSFAS). The NSFAS is a loan and bursary scheme funded by the Department of Higher Education. The scheme helps students to obtain a tertiary qualification by providing loans at low interest rates, loans without guarantees, and a reasonable repayment plan.
The NSFAS also administers the following bursary funds:
Funza Lushaka Bursary Programme is a multi- year programme that promotes teaching in public schools. Full-cost bursaries are available to enable eligible students to complete a full teaching qualification in an area of national priority. Recipients of these bursaries will be required to teach at a public school for the same number of years that they receive the bursary.
Social Work Bursaries are for those interested in studying Social Work and are provided by the Department of Social Development. These bursaries also have a work-back condition – i.e. the student works for the Department of Social Development for the number of years for which they he received the bursary (or longer).
National Skills Fund Bursaries from the NSF
are available for students with a study focus in an area of scarce skills. Universities determine which students qualify for these bursaries, to which no conditions are attached. Funding is made available through a mandate of the Skills Development Act, 1998, and provides bursary funding to undergraduate students in the following specific scarce skills areas: Accounting, Financial Management, Actuarial Studies, Auditing, Business Management, Economics, Physics, Computer Science, Chemistry, Geology, Information Systems, Mathematical Sciences, Agriculture, Statistics, Financial Accounting, Biotechnology and Engineering.
In conclusion, the Guide provides information on Development Finance Institutions, Advisory and Support Institutions and Incentive Schemes such as the Industrial Development-related Incentives, the Women Economic Empowerment Incentives and lastly, the Trade Export and Investment Incentives.
The full Guide can be accessed at
www.gcis.gov.za/resource_centre/multimedia/posters_and_brochures/youth_guide.pdf
38 Management Today | June 2012
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