Fasset Update 2011 Budget and Tax March to April 2011

Amended Constitution Maximum size of the Management Board changed from 12 to 15 members 3 ministerial appointees, including independent chairperson with no voting rights, one professional body rep and one community rep Nomination process of employer constituency of Board to align with process of employee group Change in composition of Exco and role of the vice- chairperson

NSDS III 5 year period: 2011 to 2016 Drop in the Mandatory Grant from 50% to 40% 10% PIVOTAL grant (professional, vocational, technical and academic) Increase access to occupationally-directed programmes Workplace-based skills development Build career and vocational guidance Sector Skills Plan (SSP) approved by DHET

Pivotal Programmes Provide a full occupationally ‐ directed qualification e.g. degree, diploma, learnership, internships. Not short course Begins in tertiary institution and includes supervised workplace learning. For workers could begin in workplace and then move to a college or university Applicable to 2011, forms available on 1 April 2011 Not gender or population group-specific Standard tariffs for employed or unemployed people Accredited and quality-assured training providers

Changes to Grants Entry and Exit Learnership Cash Grant (LCG) grant has been introduced The LCG application form for Non Levy Payers (NLPs) and Skills Development Levy (SDL) Payers now combined into one application form Learner registration or completion will be determined by the learner being recorded as such on the Fasset database Employers to ensure the professional body has provided data to Fasset before they submit their application

Scarce Skills Scarce Skills - people to fill job vacancies 79% professional occupations e.g. trainee accountants and auditors, bookkeepers, accounting technicians, general accountants, financial officers, supply chain professionals

31 March is the submission date for the following grants:Strategic Cash GrantLearnership Cash GrantSmall Medium and Micro Enterprises GrantAssessor and Moderator Grant Deadline 31 March 2011

Mandatory Grant 30 June 2011Strategic Cash Grant 1 March 2012Pivotal Grant 1 March 2012Learnership Cash Grant 1 March 2012Small Medium and Micro Enterprises Grant 1 March 2012Assessor and Moderator Grant 1 March 2012 Incoming Grants Deadlines

LCG 2010 Learnership Cash Grant Available to employer who employs a black (African, Indian, Coloured) and/or a learner with a disability Employer must employ fewer than 150 employees Maximum of 10 learner grants per employer First-come first-served basis Learner must have commenced in 2010 calendar year Tax deductions (higher for people with disabilities)

SCG 2010 Strategic Cash Grant Expenses to a maximum value of 20% of SDL White women acceptable for certain criteria MS Excel format required Subject to capping Criteria: bursaries, quality-assured workplace experience, workplace experience for unemployed, learnerships, ABET, National Standards for People Development

SMME 2010 Amount will be limited to R11,000 per five employees Forms employing fewer than 50 people White women acceptable for senior courses No learnerships, structured courses only. No short courses Currently undersubscribed SizeAmount 1 – 5R 11,000 6 – 10R 22, – 15R 33, – 20R 44, – 25R 55, – 30R 66, – 35R 77, – 40R 88, – 45R 99, – 49R 110,000

AMG 2010 Assessor and Moderator Grant Reimburse cost of training Assessor / moderator to register against Fasset qualification Assessor requires approval of registration (from the relevant professional body or Seta) Applicable to all population groups

Lifelong Learning Role of the SDF May 2011 Global Economic Trends May – June 2011 Recruitment and Selection July 2011 Companies Act August 2011 Labour Law Update September 2011 Performance Management October 2011 Attendance certificates are available for download Timetable subject to change

Development Projects To address the shortage of professionals in Fasset sector Training of learners in workplace readiness skills – including soft skills and technical financial skills Learners are black and/or disabled, and once employed by the company may be put forward for a Learnership Cash Grant (LCG) 70% placement minimum requirement Funded by Fasset with unclaimed levy money

Development Projects Thusanani Black unemployed graduates in Gauteng with various qualifications Intensive 3 month Workplace Readiness Programme (theory and practical) Learners placed on learnerships / internships Mentorship offered for at least 6 months after the intervention Contact Avril Peddie (011) Phakamani Unemployed matriculants or those with incomplete qualifications Learners attain an Accounting Technician Certificate from the AAT Candidates receive work readiness training in Gauteng AAT learnership designed for completion within a year whilst working and studying Contact Robbie Knott (011) Bonani Black unemployed finance graduates with BCom degrees or National Diplomas Offered in Gauteng, KwaZulu-Natal, and Western Cape Intensive 5 month Workplace Readiness Programme including training in a ‘virtual office’ Contact Robbie Knott (011)

Thank You For more information please contact the Fasset Call Centre on or visit