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merSETA Discretionary Grant 1st Funding Window for 2025/26
- 12 December 2024
- Government Funding Applications
- South African Accounting Academy
Summary:
The Manufacturing, Engineering and Related Services Sector Education and Training Authority (merSETA) has published a media statement on their Discretionary Grant 1st Funding Window for 2025/26, where employers in the manufacturing, engineering, steel and -related industries may apply for government funding for a variety of training programs for their employees and apprentices.
Article:
With this grant, the merSETA is calling on eligible organisations, educational institutions and employers to step forward and collaborate in shaping the next generation of skilled professionals and leaders. The funding window aims to tackle key industry and national priorities, from job-ready skills training and youth entrepreneurship to environmental sustainability and small enterprise support.
This funding for employers is available for a range of training initiatives, including but not limited to:
- training of apprentices such as boilermakers, millwrights, electricians, welders and other trades;
- learnerships such as generic management (NQF levels 2-4), project management, hygiene and cleaning.
The deadline for applications is 31 January 2025 and training initiatives that qualify for this funding window must start from 1 April 2025.
Who should apply?
The merSETA encourages applications from diverse stakeholders, including:
- Levy-paying and non-levy-paying merSETA employers;
- Community-based Organisations (CBOs) and Non-governmental Organisations (NGOs);
- Cooperatives and trade unions within the merSETA industries;
- TVET, CET and Higher Education Institutions; and
- Research organisations and accredited skills development providers.
Click here to download the Media Statement:
https://www.merseta.org.za/wp-content/uploads/2024/11/merSETA_DG-Media-Statement_Nov2023.pdf
Relevance to Auditors, Independent Reviewers & Accountants:
- The Skills Development Act is yet another piece of legislation that your clients must comply with, and which you must assess compliance with. If they don’t comply with the relevant laws and regulations, you have certain reporting obligations in terms of NOCLAR (NOn-Compliance with Laws And Regulations) – this could include reporting to management, qualifying your audit opinion, reporting a Reportable Irregularity, etc.
- As a practitioner, you should be aware of the latest publications by the relevant SETAs that your clients belong to.
- You may need to advise you clients who are registered with the merSETA, of the funding that they can obtain, and the process that they need to follow in this regard.
Relevance to Your Clients:
- An entity (company or close corporation) should be aware of the latest publications by the relevant SETA that they belong to.
- As members of the merSETA, your clients should be aware of the funding that they can obtain, and the process that they need to follow in this regard.