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FASSET The Seta for finance, accounting and related disciplines

FASSET The Seta for finance, accounting and related disciplines. Presentation to the Portfolio Committee on Labour October 2005. OVERVIEW OF PRESENTATION. Sector profile Seta profile NSDS 1 achievements Financial information and audit results Challenges Questions. SECTOR PROFILE.

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FASSET The Seta for finance, accounting and related disciplines

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  1. FASSETThe Seta for finance, accounting and related disciplines Presentation to the Portfolio Committee on Labour October 2005

  2. OVERVIEW OF PRESENTATION • Sector profile • Seta profile • NSDS 1 achievements • Financial information and audit results • Challenges • Questions

  3. SECTOR PROFILE

  4. SECTOR PROFILE

  5. SETA PROFILE STAFF COMPLIMENT • 20 staff members • 70% Black, 30% White • 95% Female, 5% Male, 5% Disabled OCCUPATIONAL LEVELS • Senior managers 1 • Professionals 6 • Skilled Technical 7 • Clerks 4 • Elementary workers 2

  6. COMMUNICATION AND CONTACT PROFILE • Permanent office based in Johannesburg • Main communication medium website • Visit each province at least 4 times annual • Use of Fasset Skills Advisors • Links through professional bodies in regions • Links through associations in regions • Links through projects in regions

  7. NSDS 1 ACHIEVEMENTS

  8. FINANCIAL INFORMATION

  9. AUDIT RESULTS • Unqualified audit report • Commitment to good corporate governance • Support extending the audit to include performance audit • Appreciate the value added by the Auditor General

  10. PROJECTS AND DISCRETIONARY GRANTS • 3 TYPES • Social projects e.g. GTH, Scimathus • Discretionary grants e.g. Learnership, SCG • Direct interventions e.g. ABET and CPE • All aligned to critical skills needs or strategic imperatives • Duration ½ day to 3 years • Placement and sustainability key drivers when approving • Linked to race, gender and disability targets • Importance of life-long learning

  11. CHALLENGES • Impact of the R500 000 SMME levy exemption on SMME participation and assistance • 4 500 of the 7 200 companies in Fasset will be exempt • 6.5% of levy income will be lost • Profile of the sector can only change slowly (7 to 10 years) • Uncertainty regarding the continuation of the learnership tax deduction • Uncertainty regarding the impact of the changes made to the Funding Regulations

  12. THANK YOUQUESTIONS? Presentation to the Portfolio Committee on Labour October 2005

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