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October 04,2024
Concerns Over Skills Development Funding and NSF Underspending
“I was unable to confirm the accuracy of the skills development funding through alternative means,” Maluleke stated.
“As a result, I could not determine whether any adjustments were necessary for the disclosed skills development funding of R1,784,654,000 (2022-23: R1,182,657,000) in note 20, or the related deferred expenditure of R1,370,063,000 (2022-23: R1,221,194,000) in note 9 of the financial statements,” she added.
Additionally, the institution's report, tabled in Parliament this week, revealed that the NSF underspent by R3 billion during the period under review.
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