Fasset Presentation March to April 2008 2008 Budget & Tax Update Fasset Presentation March to April 2008

Why Training?

Welcome Fasset’s is committed to Lifelong Learning All Fasset funded interventions support the skills shortage in South Africa JIPSA and ASGISA Focus on finance learners and professionals

SDL Levies (1% of payroll) Paid to SARS 100% Allocated to relevant Seta 20% 80% National Skills Fund Department of Labour 70% Available for Grants 10% Unclaimed SDL goes into discretionary projects decided by the management board Seta Admin 20% 50% Mandatory Grant 30 June Strategic Cash Grant 31 March

Fasset Strategy Decided annually by Fasset Management Board Importance of Scarce Skills in the Fasset sector Fasset’s SSP contains a Scarce Skills list, download off website This list is vital for all within the Fasset sector, to ensure alignment of interventions to strategy 1) More black and disabled individuals with tertiary education needed 2) SMMEs need support Decided annually by Fasset Management Board Lifelong Learning (LL) also available to Non Levy Paying (NLP) members who register with Fasset Used to guide development projects e.g. workplace readiness Strategic Cash Grant criteria Learnership Cash Grant structure

Scarce and Critical Skills Scarce Skills Occupations characterised by a scarcity of qualified and experienced people (current and anticipated) e.g. accountant, bookkeeper Critical Skills Particular skills gaps within an occupation e.g. workplace etiquette, legislation change Scarce and critical skills guideline available on website Sector Skills Plan (SSP) 2008/2009

Mandatory Grant Deadline 30 June 2008 – no extensions New employers may apply within 6 months from date of SDL registration 50% of SDL to be refunded 1st payment will be made on 25 August 2008 Not relevant to NLPs Fasset Skills Advisors (FSAs) may assist

Strategic Cash Grant 2008 Maximum of 20% of the SDL for expenses Training in the period 1 January to 31 December 2007 Due 31 March 2008 Criteria and application form available on website Adult Basic Education and Training (ABET) Internal bursaries (for employed staff) External bursaries (for unemployed people) Workplace experience Learnerships New venture creation

Learnership Cash Grant Available to SDL and NLP employers who meet specific Seta criteria Due 31 March 2008 in respect of learners commenced 1 January to 31 December 2007 Not only Fasset learnerships – criteria available on website Extension request required before deadline of 31 March 2008

Learnership Cash Grant Criteria and form available on website Black and/or people with disability Firms employing 150 or less Firm to be registered with Fasset NLP or SDL payer Duration of learnership 1 year – Black R 11,000 Disability R 19,250 2 year – Black R 16,000 Disability R 28,000 3 year – Black R 27,000 Disability R 47,250

Learnership Tax Deductions Available to all employers who implement learnerships Available to all learners regardless of population group and gender of the learner Tax deductions higher for learners with a disability Previously employed on commence R 20,000 Previously unemployed on commence R 30,000 Completion of learnership R 30,000

Lifelong Learning 2008 Programme subject to change March Budget & Tax Update 2008 April Introduction to the Role of the SDF May Complying with Changes in Legislation Assessor Training Assessor Networking Event June July Latest Trends in Recruitment and Selection August Labour Law September Performance Management October Emotional Intelligence November Mentoring and Coaching

Other Development projects Bonani NQF level 6 – 500 learners (finance environments) Thusanani NQF level 5, 6 and 7 – 200 learners (finance & non-financial environments) Thuthuka CTA programme – 349 learners ORT CAT Work Readiness Programme – 100 learners on ACCA programme R 200,000,000 has been allocated to the 54 projects to date

Other Free ABET available in all provinces. Contact Samson on 011 953-1663 Event attendance certificates available 1 month post-event on Fasset database to Fasset registered firms only – contact call centre FSA intervention begins 1 April 2008 Sector Survey Completed 2005/2006 grant analysis on website

Thank You For queries call Fasset Call Centre on 086 101 0001