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EDUCATION MINISTER LAUNCHES VET LEVY

Posted by: In: News 14 May 2014 Comments: 0

The Minister of Education, Honourable Dr David Namwandi (photo) officially launched the VET Levy at a gala dinner held in the capital on the 24th of April 2014.

Dr Namwandi describes the VET Levy as a key programme to support Namibia’s transformation into an industrialised and skills-based economy. “The levy is a step in the right direction and represents a quantum leap towards effectively addressing our national skills needs”, he stressed.

Dr Namwandi also called on the NTA to ensure that the VET Levy is administered in a sustainable and effective manner. “Gone are the days of simply talking about increased access to training. Our focus should now be on creating tangible training outcomes and generating more value from the increased resources we now have available for training”, he emphasised.

Speaking on behalf of the donor – the Millennium Challenge Corporation – the Deputy CEO: Operations of the Millennium Challenge Account- Namibia, Sikongo Haihambo commended the NTA for its commitment and drive to establish the VET Levy as a national programme aimed at alleviating the country’s skills needs. MCA-Namibia supported the Vocational Training Grant Fund under the VET Levy Pilot Project and also made available funds for the implementation of the VET Levy marketing campaign.

Altogether 1 713 employers registered as VET Levy paying employers during the registration campaign in February this year. Of this number, 21% are employers from the Wholesale and Retail sector, 18% from the Financial and Business Services sector and 17% from the Mining; Quarrying; Construction; Electricity; Gas; Water Supply and Sanitation sector.

A further 8% of registered employers are from the Hospitality and Tourism sector, whereas 7% of the employers registered as VET Levy-paying employers are from the Health and Social Services sector.
Based on the aforementioned registration numbers and the individual annual company payroll volumes, the NTA expects to collect for the first 12 months of levy payment a total amount of about 198-million Namibia dollars.

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