30 Nov 2017

Minister of Tertiary Education, Science and Technology, Dr Alfred Madigele said the financial accounts for Human Development Fund for the previous years up to 2012/2013 were submitted to the Accountant General as advised by the Auditor General during the audit of the 2010/2011 financial year.

He further said the only set of accounts that were not submitted on time were for the 2014/2016 financial periods, which were outstanding due to an unresolved audit query raised by the Auditor General, which he said had since been resolved  and the process  normalised.

Dr Madigele noted that the balance of the fund as at September  30 2017 was  P427 million (P427, 451 982).

He said the fund was managed by the Human Resource Development Council (HRDC) as per  Section 4(2) D of the HRDC Act No. 17 of 2013 and was the former Vocational Training Fund which was established in 2008 as per Section 21 of the repealed Vocational Training Act No. 22 of 1998. 

He said the main expenses of the fund were reimbursement costs for training expenses incurred by levy payers who were the main beneficiaries of the fund through their regulatory payment of the training levy as stated in Section 30 of the HRDC Act.

He said additional  expenditure also related to training expenses for entities that were not paying the training levy. 

He noted that some of the entities that had benefited were Childline, Voice of Women Centre, Ngamiland Council of Non-Governmental Organisations.

Dr Madigele was responding to a question in Parliament from Specially Elected MP, Ms Bogolo Kenewendo who had asked the minister why Human Development Fund was never submitted to the Accountant General for auditing and to state the current balance of the Fund as well as who managed the Fund and the main expenses of the Fund. ENDS