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FASSET

FASSET. The Seta for finance, accounting, management consulting and other related services Presentation to the Portfolio Committee on Higher Education and training 17 November 2010. DELEGATION. Robert Capper (Chairperson) Mpuseng Moloi (Vice Chairperson) Cheryl James (CEO)

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FASSET

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  1. FASSET The Seta for finance, accounting, management consulting and other related services Presentation to the Portfolio Committee on Higher Education and training 17 November 2010

  2. DELEGATION • Robert Capper (Chairperson) • Mpuseng Moloi (Vice Chairperson) • Cheryl James (CEO) • Nadine Kater (COO) • Asha Lakhoo (CFO)

  3. OVERVIEW OF PRESENTATION • Sector profile • Financial information and governance • Targets and Interventions • Regional Impact and Rural Reach • Decent Work • Partnerships • Challenges • Questions

  4. SECTOR PROFILE

  5. ORGANISATION SIZE

  6. GEOGRAPHIC DISTRIBUTION

  7. RACE and GENDER

  8. FINANCIAL INFORMATION

  9. GOVERNANCE • Unqualified audit report for 10 years in a row • Commitment to good corporate governance • Management Board and committee performance assessments • Alignment to King III • Support extending the audit to include predetermined objectives – clean report • Appreciate the value added by the Auditor General

  10. NSDS TARGETS • Targets met and exceeded • Strategic alignment of NSDS II to sector needs • Addresses identified skills shortages What does this mean?

  11. INTERVENTIONS • LEARNERSHIPS • 4278 learners signed onto learnerships, 3367 completed with a 100% placement rate, 52% Black learners • DEVELOPMENT PROJECTS • Over R310 million spent on 62 Development Projects from matric to post graduate level. 11 000 learners supported over the past 10 years. R34.6 million on 4 new projects I Year 10 • LIFELONG LEARNING • 13529 learners completed training in LL over the past year

  12. INTERVENTIONS • GRANTS • Over 87% of Fasset levy payers claim Mandatory Grants • R18 million paid out for 765 Learnership Cash Grants • R13 million paid for Strategic Cash Grants • CAREER GUIDANCE CAMPAIGN • 300 000 school learners reached • 12 universities • 100 FET colleges • DISABILITY TOOLKIT

  13. REGIONAL IMPACT

  14. RURAL REACH • Development projects: all 9 provinces • Lifelong learning: all 9 provinces • Higher Education Institutes: 7 provinces • Workplace providers (accredited employers): all 9 provinces • Career guidance campaign: all 9 provinces

  15. DECENT WORK + SUSTAINABLE LIVELIHOODS

  16. PARTNERSHIPS

  17. CHALLENGES • PIPELINE CHALLENGES • Poor matric results • High drop out rates at Tertiary Institutions • Fasset is a incubator sector for the broader economy • Catalytic grants can overcome this challenge • FUTURE SKILLS DEVELOPMENT LANDSCAPE • Move to Department of Higher Education and Training • QCTO • NSDS III

  18. THANK YOU Questions?

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