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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 August 2005. FASSET TEAM. Maryanne Trollope Chair Mpuseng Tlhabane Vice Chair Nawaal Patel Learnership/ETQA Manager Cheryl James CEO. OVERVIEW OF PRESENTATION.

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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 August 2005

  2. FASSET TEAM • Maryanne Trollope Chair • Mpuseng Tlhabane Vice Chair • Nawaal Patel Learnership/ETQA Manager • Cheryl James CEO

  3. OVERVIEW OF PRESENTATION • Sector profile • Highlights • Lowlights • Funding • Challenges • Opportunities • Questions

  4. SECTOR PROFILE

  5. SECTOR PROFILE

  6. WORKER PROFILE RACE • 22% African, 9% Coloured, 9% Indian, 60% White (in total) • 9% African, 4% Coloured, 7% Indian, 80% White (owner level) • 15% African, 5% Coloured, 9% Indian, 71% White (professional level) GENDER • 44% Male, 56 % Female (in total) • 75% Male, 25% Female (owner level) • 59% Male, 41% Female (professional level)

  7. HIGHLIGHTS • All NSDS targets met or exceeded for the first 5 years • Focus on 4 areas • Learnerships • Participation rates • SMME’s • Social projects

  8. LEARNERSHIPS • 22 registered • Across all sectors • 21 MoU’s with other Setas • 121 learners in other Setas • 17 learners completed pilot in public sector

  9. LEARNERSHIPS • 20 621 learners • 13610 previous unemployed • 7011 previously employed • 9274 completed and ALL employed • 18 861 under the age of 30 • 40% 18.2 Black • 34% 18.1 Black • 49% 18.2 Female • 51% 18.1 Female • 0.1% disabled

  10. PARTICIPATION • 97% of large firms claim grants • 56% of medium firms claim grants • 36% of SMME’s claim grants and attend interventions • Over 37 900 employees trained (75%) • Over R147 m spent on training • Average spend per employee R 3 769 • Large spend R 4 308/employee • SMME’s spend R 2 055/employee

  11. PARTICIPATION BY SMME’S • Over 2000 WSP’s received (36%) • CPE’s • 24 venues • 18 interventions • Over 7000 attendees from over 1550 organisations • Over 1000 workplaces accredited • Over 15 000 learners over 5 years

  12. SOCIAL PROJECTS • Over R78m in 5 years (R31m in year 5) • 39 projects in total (10 in year 5) • Over 6 500 learners • All 85% Black, 54% women, 4% disabled • Over 70% employed • Grade 12 to NQF 7 • Average length 1 to 3 years

  13. SOCIAL PROJECTS EXAMPLES • Scimathus school project • GTH Work Readiness programme • Thuthuka CTA/QE Work Readiness programme • CIMA Tirisano Learnership project

  14. NSF PROJECT • Partnership with Thuthuka/SAICA • EUPEC • 2002 – 2004 R32,9m • 2005 – 2006 R29,6m • EUPKZN & EUPLIM • 2004 – 2006 R76,8m • Over 20 000 learners, educators and principals • School and university level

  15. LOWLIGHTS • Poor Maths, English and Accounting at school level • Profile of the sector • Changing but slowly • 7 to 10 years to see changes • Qualified Black Chartered Accountants 7.5% of total • Black Chartered Accountant learners 32% of total • Previously unemployed learners (18.2) 32% Black in 2002, 40% Black in 2005

  16. FUNDING • Year 5 income R113 m • 63% grant pay out rate for year 5 • Less than 10% spent on admin • R109 m cash on hand ALL allocated to projects over the next 2 to 3 years • New funding regulations will speed up cash disbursals

  17. 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 • Poor Maths, Accounting and English teaching at school level continues to impact on learners coming into the sector • Profile of the sector can only change slowly (7 to 10 years)

  18. OPPORTUNITIES • “growing our own timber” • NSF support to achieve cross cutting needs • Stakeholder commitment to Fasset and to training

  19. THANK YOUQUESTIONS? Presentation to the Portfolio Committee on Labour August 2005

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