Together with the NSFAS, for the year ending 31 March 2012, the MICT SETA implemented a funding project to the value of R 10 000 000 to settle some 570 debts incurred by learners across various Universities in South Africa, who were studying under the NSFAS funding model.
"As a SETA, we are proud to be associated with NSFAS and in our MOU we committed to pay-off some 500 debts of NSFAS graduates. The implementation of the project resulted in us exceeding our target and we managed to settle the bursary debts of 570 graduates, instead of the initial 500", says Mr. Jabu Sibeko, the MICT CEO, Mr. Oupa Mopaki.
"The funding and scrapping of Graduates debts is a key intervention which should be led by all SETAs across all industry codes and the MICT SETA will continue even in the coming year to play a role, in redressing South Africa's past imbalances, through implementation of national goals and priorities of reducing the burden of accessing education for our national workforce", says Benedict Motau, the MICT Marketing and Communications Manager.
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