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Discretionary Pool / Unclaimed Grants
Regulations issued by the Department of Labour (DoL) in terms of the
Skills Development Act, 1998 (SDA) and the Skills Development Levies
Act, 1999 (SDLA) make allowance for the discretionary use of a
percentage of Skills Development Levies (SDL) by Fasset.
The amount allocated to Discretionary Funding in terms of these
regulations may be combined with rollover grant money (levies that have
not been claimed in the form of grants by employers in any financial
year) and used by Fasset for interventions and initiatives defined as
strategically important for the development of the Fasset sector.
The Fasset Management Board determines the areas of strategic importance
for the sector by assessing information from Mandatory Grant
applications, the Sector Skills Plan (SSP) and other research conducted
from time to time. In addition to this background research and
information, the National Skills Development Strategy (NSDS),
coordinated by DoL, guides the development of strategic areas within
Fasset’s sector.
Some of the areas that Fasset uses its discretionary funding for,
include:
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