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Fin24 reports that Minister of Higher Education and Training, Blade Nzimande, has placed the Wholesale and Retail Sector Education and Training Authority (W&RSETA) under administration.
This is because it failed to address various concerns Nzimande had raised at an earlier time. Amongst these, the W&RSETA’s board allegedly “compromised” an agreement earlier signed with the Unemployment Insurance Fund (UIF) and the Department of Small Business Development to help boost small and medium enterprises and enterprises in townships and rural areas through a revitalisation programme. The entity will be under administration for a 12-month period.
- Read this report in full at Fin24
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