Further Education and Training Act, 1998 (Act No. 98 of 1998)

Regulations for the Registration of Private Further Education and Training Institutions

Chapter 2 : Requirements for Registration

12. Finance
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1)An applicant must submit proof that-
a)its income is or will be sufficient to sustain its programmes in an acceptable manner; and
b)it has or will have a stable financial position that will enable it to maintain operational continuity.

 

2)An applicant must submit proof that it has established financial surety or guarantees to ensure that the institution meets its obligations to its enrolled students.

 

3)An applicant must submit a signed declaration that on registration the institution is or will become a member of or contributor to a fidelity guarantee fund approved by the registrar and make contributions to such fund according to a scale of payments determined by the Minister by notice in the Gazette.