Fasset Update September / October 2013

1. Fasset Update September / October 2013

2. Seta Funding Regulations Fasset Update September / October 2013 • Overview of major changes • Mandatory Grants submission will be due on 30 April (and not 30 June anymore) as from 2014 • Mandatory Grants (previously 50% of SDL) is now 20% • 80% of the Discretionary Grants funding will be allocated to PIVOTAL programmes • PIVOTAL is defined as professional, vocational, technical and academic learning programmes that result in qualifications or part-qualifications on the National Qualifications Framework • There is a new ‘minimum requirements’ Mandatory Grant form

3. Fasset’s Strategy 2013 / 2014 Fasset Update September / October 2013 • Fasset is focusing on new relationships in order to extend the skills development reach in implementing a career pipeline approach • Further Education Training (FET) Colleges • Universities • Addressing skills need in the public sector • Provincial footprint, focus on rural areas • A PIVOTAL Grant will be introduced for all races, however the transformation agenda will continue to be pursued through specific interventions such as SCG, Bridging Programmes, LCG, NLRG etc.

4. Mandatory Grant Fasset Update September / October 2013 • Training plan for the upcoming year and training report for the previous year • 20% of the SDL, paid quarterly • 2 forms: <50 Employees and >50 Employees (MS Excel format) • All training, including short courses, PIVOTAL programmes to be specified • No discretionary criteria e.g. any population group, gender etc. applies • Cost of training not linked to payout amount • Training committee recommended for employers employing 50 or more • Reminder: this will move to 30 April from 2014

5. Pivotal Grant Fasset Update September / October 2013 • Now 50% of the SDL • 30% of grant may fund any learner on pivotal programme • 20% of grant to fund Black African learners and people with disabilities • Qualifications (degrees, diplomas), learnerships, internships – to be NQF-registered • Learners currently commencing, undergoing, or completing a pivotal programme in the 2013 calendar year • Tariffs are applicable • Due date 15 February 2014 – to be submitted via hand delivery on Friday

6. Learnership Cash Grant Fasset Update September / October 2013 • Entry Grant : On registration of Black African learners on learnerships • Exit Grant: On completion of Black African learners on learnerships • SDL payers and non-levy payers • Fasset learnership or specific other Seta learnership • 10 entry grants per employer • 10 exit grants per employer • Black African learners and learners with a disability • Higher amount for learners with a disability • Employers with staff complement under 150 • Due date 15 February 2014 – to be submitted via hand delivery on Friday

7. NSFASLoan Repayment Grant Fasset Update September / October 2013 • Ensuring retention of learners on learnerships • 3 year learnership attracts R 60,000 grant towards NSFAS account • Transformation in the sector: Black African learners and people with disabilities • Learners currently commencing, undergoing, or completing a learnership in the 2013 calendar year with a Fasset employer • Employed learner or an employer representative may apply • Black African learners will be relieved of the NSFAS financial burden • Salary threshold applies • May be applied for in tranches • Due date 15 February 2014 – to be submitted via hand delivery on Friday

8. NSFAS Grant Amounts Fasset Update September / October 2013

9. Assessor and Moderator Grant Fasset Update September / October 2013 • To ensure the supply of assessors of academic and workplace training • Reimbursement of the cost of training • Maximum of R 4,500 • Assessor/moderator to be registered with Fasset in 2013 • Training can take place before 2013 • Due date 15 February 2014 – to be submitted via hand delivery on Friday

10. Grant Deadlines Fasset Update September / October 2013

11. Lifelong Learning Calendar Fasset Update September / October 2013 Only firms with a valid SDL number with Fasset will be able to register for the events This calendar is subject to change

12. Upcoming Research Fasset Update September / October 2013 • To assist the Board and sector in aligning training to strategic objectives. • Sector Skills Plan Update for the period commencing 1 April 2014 • Annual Benchmarking of Training in the Sector • Learnership Readiness Pack • Internship Readiness Pack • Lifelong Learning Learnership Programme (LLLP) Employer Support Guide • Tracer Study on Development Projects (Academic) • Database Update (Employers) • Database Update (Learners)

13. FET College Engagement Fasset Update September / October 2013 • To develop FET colleges, which is also a national and ministerial imperative. • Capacitating FET colleges with funding set aside • Improvement of relevant courses offered by FET colleges • Development of lecturers so as to ensure a quality supply of FET learners • Partnership agreements to be put in place with Waterberg and Sekhukhune FET colleges in Limpopo as part of a broader joint Seta initiative to establish a regional presence in rural areas and townships through FET colleges • Fasset will support the co-ordinated Seta collaborative effort to establish a regional presence in rural areas and townships through public FET colleges

14. Development Projects Fasset Update October / November 2012 • Designed to assist unemployed learners (NQF levels 4 – 8) and bridge the gap between theoretical learning and workplace experience • Fasset has approved 13 new projects for this year. • Details on each project can be found on the website: www.fasset.org.za • A Tracer study to evaluate the impact of past projects has been completed and can also be found on our website. • Fasset’s Board has adopted a pipeline approach to funding: • Bridging Programmes for Access to Higher Education • Academic Programmes that Lead to Academic/Professional Body Qualifications and Designations • Bridging Programmes for Access to Employment • NSFAS Loan Repayment Grant

15. Board Strategy Fasset Update June 2013

16. Career Awareness Fasset Update September / October 2013 • Communicate the number of career options within the Finance and Accounting sector through various tools • Below the line advertising • Career Exhibitions • Partnerships • Campus Brand Ambassador Campaign, currently at the following institutions:

17. Stakeholder Engagement Fasset Update September / October 2013 • Engaging with Fasset stakeholders by informing and educating through regular, effective communication, meeting the following strategic imperatives: • The promotion of critical and scarce skills areas within our sector • Promotion of skills development within sector through targeted marketing • Promoting skills, access to jobs, sustainable livelihoods via development projects • Developing a culture of high-quality, lifelong learning and fostering skills development for high-quality jobs • Focus on the critical SMME component, specifically levy-exempt employers • Fostering skills development in the formal economy for productivity and employment growth

18. Tools Fasset Update September / October 2013 • Fasset website: www.fasset.org.za • On the website you can gain access to the following: • Download all the application forms you are required to complete for the grants • Latest Fasset information • List of all the relevant Fasset contacts • List of Fasset learnerships • Apply for Mandatory Grant online • Lifelong Learning calendar

19. Fasset Update September / October 2013 Thank You For more information please contact the Fasset Call Centre on 086 101 0001 or visit www.fasset.org.za