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Home Business Business News

Teveta denies being unaudited

by Dumbani Mzale
10/07/2014
in Business News, Front Page
2 min read
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The Technical, Entrepreneurial and Vocational Education and Training Authority (Teveta) has dismissed claims meted out in Parliament last week that the institution’s levy contributed by employers has not been audited.

According to Teveta, the institution’s accounts are audited every year by certified public accountants and business advisors, KPMG, in the provision of the Tevet Act.

Teveta is actively engaged in skills development
Teveta is actively engaged in skills development

Teveta senior public relations officer Lewis Msasa has reacted to last week’s call by Lilongwe City Centre Member of Parliament (MP) for David Bisnowaty that an audit of Teveta be conducted before Parliament approves a loan amounting to $50 million (about K20 billion) from the International Development Association (IDA).

The Loan Authorisation Bill, currently rejected by MPs, was expected to go towards increasing access to higher education in some public colleges.

The loan was meant to support the designing of high quality and relevant education programmes which would be delivered through open and distance learning (ODL).

“Our accounts are audited every year by certified public accountants and business advisors, KPMG in the provision of the Tevet Act and our reports have always been clean,” said Msasa yesterday.

He said in the financial year 2012/13 Teveta collected a sum of K1.8 billion which was used in the implementation of various programs across the country.

Specifically, Msasa said some of the programmes it implemented included apprenticeship programmes targeting a total of 943 apprentices into various technical colleges, providing training subsidies to private colleges that also provide training to apprentices, implementation of the Informal Sector Programme, and facilitation of Private/Public Sector Training Programmes in order to fill skills gaps, benefiting 598 employees.

“Some funds are also channeled towards curriculum development for various trades, equipping technical colleges and registration and inspection of Tevet providers,” added Msasa.

Msasa also said Teveta continues to implement its activities in line with a five year Strategic Plan which is formulated through thorough consultations with stakeholders from both private and public sector in order to respond to their needs.

In his claim in Parliament, Bisnowaty said Teveta was already a self-funded institution which benefits from a levy contributed by employers.

Said the legislator: “I wonder why they need further loans when they collect money from corporations and companies. As far as I have been observing, besides buying buildings and fancy cars and paying high salaries, I don’t see much activities of Teveta.”

Teveta is a regulatory body established in 1999 by an Act of Parliament to coordinate and facilitate technical and vocation training in Malawi.

The institution runs its programmes on Tevet Levy paid by both the public and private sectors.

The levy is one percent of the total basic annual emoluments paid by an employer to an employee as stipulated in the Tevet Act.

Tags: Lilongwe City CouncilTeveta
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