By Akani Nkuna
The Services Sector Education and Training Authority (SETA) has recorded a 12% increase in revenue, according to administrator Lehlogonolo Masoga.
The entity was placed under administration following a period of sustained challenges including allegations of malfeasance and gross misconduct.
Masoga was speaking at the Services SETA Annual General Meeting in Midrand on Wednesday.
SETA’s top ranking officials convened the meeting to report and reflect on the progress of the institution financially and its impact in upskilling the youth to acquire in-demand industry skills.
“Our revenue increased by 12% compared to the previous year (2023/4), with a total annual revenue received reported at R 2 087 billion. Our learner enrolment results increased from 16 891 in 2023/4 to 28 060 in the 2024/5 reporting period with an annual throughput rate of 80%,” he said.
Masoga said that findings by the Auditor-General South Africa (AGSA) for the 2024/25
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