Continuing Education and Training Act, 2006 (Act No. 16 of 2006)NoticesNational Norms and Standards for Funding Technical and Vocational Education and Training CollegesG. National Planning85 - 87. The Funding Rate (FR) and the costing of programmes |
| 85. | Much of the maintenance of the register of nationally approved TVET College programmes involves updating the estimated costs of delivering the nationally approved TVET programmes. DHET must concentrate on updating costs on nationally approved TVET programmes in line with inflation rates and other incremental cost if applicable that are applicable to the inputs in question, and on the costing of new or revised training programmes . |
| 86. | A funding rate (FR) must be maintained and be used as a benchmark for the costing of all other nationally approved TVET programmes. The funding rate is split into the three economic categories of (1) personnel, (2) capital expenditure and (3) non-personnel non-capital. Capital expenditure will be meant for replacement of office furniture and workshop equipment as well as address emergency maintenance and repairs. The Department will develop a costing model that will determine the programme costs which are funding rates. These programmes costs and student enrolment will determine college budgets. |
| 87. | DHET must indicate the costs of all programmes on the register of nationally approved TVET College programmes relative to the funding rate. |