2010 Budget and Tax Update Fasset Update

Scarce Skills Trainees to qualify as accountants and auditors Bookkeepers and accounting technicians Financial officers, SCM Support staff in public sector Internal auditors Taxation practitioners (local and international) Managers in finance and accounting

Learnership Cash Grant Fasset Grants Update Outgoing Incoming Deadline Mandatory Grant 30 June 2009* 30 June 2010 Old Learnership Cash Grant 31 March 2010 31 March 2011 Strategic Cash Grant New SMME Grant Assessor Grant * or within 6 months of registration as a new firm

L’ship Tax Deductions Change Allowance Allowance (With Disability) Months Commence Completion 12 (1yr) R 30,000 R 50,000 24 (2yr) 36 (3yr) R 90,000 R 150,000 R 180,000 R 300,000 Income Tax Act 2009

Development Projects To address shortage of scarce professionals in sector Workplace readiness skills funded e.g. soft skills, financial skills Learners are black and/or disabled Once employed on a learnership they may be put forward for a Learnership Cash Grant (LCG) Guarantee Trust (Bonani), Tusanani (SHA), IRBA Support bridging programmes funded by Fasset Degreed learners and learners with Grade 12 www.fasset.org.za

Free Lifelong Learning Feb 10 Managing Change Essential Office Etiquette Mar 10 2010 Budget and Tax Update May 10 Role of SDF 2010 Aug 10 Building and Maintaining a Team Sep and Oct 10 Complying with Changes in Legislation Feb 11 SDF event (TBA) Mar 11 2011 Budget and Tax Update Apr 11 Role of SDF 2011 Register at www.fasset.org.za Attendance certificates available for download

Seta Landscape Move to the Department of Higher Education and Training provides an opportunity to ensure that education and training is more closely aligned Status quo will remain unchanged until March 2011 Seta landscape and NSDS 2 will be rolled-over for another year

Fasset Best Practice Recognising employers that engage in Best Practice, in skills development in SA To distinguish employers who promote training and development in the Fasset sector Commitment from senior management is essential Categories: Large, Medium, Small and Registered NLP (Non-levy Paying) employer Application deadline: 30 June 2010

Fasset Call Centre 086 101 0001 www.fasset.org.za Thank you Fasset Call Centre 086 101 0001 www.fasset.org.za