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FASSET The Seta for finance, accounting, management consulting and other related services

Dive into Fasset's sector profile, financial data, NSDS Year 9 achievements, job loss prevention strategies, and challenges faced in the finance and accounting field. Learn about empowering employed and unemployed individuals through various projects and grants.

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FASSET The Seta for finance, accounting, management consulting and other related services

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  1. FASSETThe Seta for finance, accounting, management consulting and other related services Presentation to the Portfolio Committee on Labour September 2009

  2. OVERVIEW OF PRESENTATION • Sector profile • Financial information and governance • NSDS Year 9 achievements • Preventing job losses • Employed people • Unemployed people • Highlights • Challenges • Questions

  3. SECTOR PROFILE

  4. ORGANISATION SIZE

  5. GEOGRAPHIC DISTRIBUTION

  6. RACE AND GENDER PROFILES

  7. FINANCIAL INFORMATION

  8. GOVERNANCE • Unqualified audit report for 9 years in a row • Commitment to good corporate governance • Management Board and committee performance assessments • Internal audit quality assessment review • Support extending the audit to include performance audit • Appreciate the value added by the Auditor General

  9. NSDS YEAR 9 ACHIEVEMENTS

  10. NSDS YEAR 9 ACHIEVEMENTS

  11. NSDS YEAR 9 ACHIEVEMENTS

  12. PREVENTING JOB LOSSES EMPLOYED PEOPLE • Lifelong Learning Project • Strategic Cash Grants • Learnership Cash Grants • Fasset Skills Advisors • ABET Project

  13. PREVENTING JOB LOSSES UNEMPLOYED PEOPLE • Development Projects • Strategic Cash Grants • Learnership Cash Grants

  14. HIGHLIGHTS • LEARNERSHIPS • 31219 learners signed onto learnerships, 15862 completed with a 100% placement rate • DEVELOPMENT PROJECTS • Over R256 million spent on Development Projects from matric to post graduate level. 2936 learners supported over the past 4 years and over 1945 already placed • LIFELONG LEARNING • 41686 learners completed over the past 9 years • PARTICIPATION RATES • Over 83% of Fasset levy payers claim Mandatory Grants and more than 11481 SMME learners have benefited • NDSD II TARGETS • All NSDS II 5 year targets on track to be achieved

  15. CHALLENGES • PIPELINE CHALLENGES • Poor matric results • High drop out rates at Tertiary Institutions • Fasset is a feeder sector for the broader economy • IMPACT OF THE RECESSION • Skills development a form of unemployment insurance • FUTURE SKILLS DEVELOPMENT LANDSCAPE • Move to Department of Higher Education and Training • NSDS III • Future of the Setas

  16. THANK YOUQUESTIONS?

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