Budget & Tax Update 2009 Fasset Presentation March to April 2009

2 Diarize 30 June 2009! Mandatory Grant due 30 June 2009 – 50% of SDL No extensions May be completed online A signed copy must be sent to Fasset to finalise your application Form and guidelines may be downloaded at Fasset Skills Advisors (FSAs) available to assist

3 Strategic Cash Grant (SCG) Levy paying firms to claim up to 20% of SDL An approved Mandatory Grant is a prerequisite Due on 31 March 2009 For the 2009 calendar year the grant is due on 31 March 2010 and a simpler submission in MS Excel may be submitted For 2009/10 SCG to be capped at R13 million Forms and guidelines are available on

4 Learnership Cash Grant (LCG) Due 31 March 2009 for learnership commencement period 1 January to 31 December 2008 Any extension applications must reach Fasset on or before 31 March 2009 Higher amount for people with disabilities – R27,000 vs. R47,250

5 LCG Amounts For 2009/10 amount has increased 1 year (12 months) – R11,000 (disabled R19,250) 2 year (24 months) – R18,000 (disabled R31,500) 3 year (36 months) – R27,000 (disabled R47,250)

6 QCTO Quality Council for Trades and Occupations Established in terms of Skills Development Amendment Act (2008) Will develop, design and quality assure qualifications that lead to workplace occupations or professions National Qualifications Framework Act has been promulgated

7 Skills Shortages 18.3% of sector experience shortages – mainly SMMEs

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

9 Reasons for Scarce Skills Salary and package demands Overall demands in the market Better prospects elsewhere Not enough qualified black people Unattractive location of organisation Working conditions Not enough people with the required skills

10 Seta Landscape 3 possibilities 1. Clustering of Seta's 2. Maintain status quo 3. Disband Seta's Public hearings in May 2009 Seta application for re-establishment to be submitted in March 2009

11 Draft Timetable 2009 March – AprilBudget & Tax Update 2009 MayIntroduction to the Role of SDF June – JulyGlobal Economic Trends Affecting Business JulyDiversity Awareness July – AugServing your Client Sep – OctComplying with Changes in Legislation Oct – NovInnovation and Creativity (TBA) Oct – NovBusiness Communication NovThe Organisation as a Site of Learning Excellence

12 Draft Timetable 2010 FebManaging Change Feb – MarchOffice Etiquette MarchIntroduction to the Role of SDF March – AprilBudget & Tax Update 2010 Register on Dependent on Seta Landscape 2010 – 2015 Free events Upskilling recommended in face of global economic crisis

13 Bonani Workplace Readiness Black unemployed finance graduates with B Comm degrees or National Diplomas Offered in GP, KZN, FS and WC Intensive 5 month Workplace Readiness Programme (WRP) including training in a ‘virtual office’ environment Contact Waldo Jonker (011) for more details

14 Scimathus Work Readiness Assist black learners to access higher education in the Economic and Management Sciences Offered in WC Content includes academic language, study and thinking skills, computer literacy and statistics Contact Anneke Muller (021) for more details

15 Pagamani Workplace Readiness Unemployed matriculants or those with incomplete qualifications to attain Certificate from AAT Candidates receive work-readiness training Learnership is designed to be completed within a year whilst working and studying Offered in GP, KZN, FS and WC Contact Waldo Jonker (011) for more details

16 ORT CAT Work Readiness Black unemployed graduates entering the sector Mentorship offered for at least 6 months after Learners Unemployed Certified Accounting Technician (CAT) graduates in Johannesburg CAT learners thereafter to complete their ACCA (Association of Certified Chartered Accountants) learnerships Contact Tracy Mayhew (011) for more details

17 Thusanani Workplace Readiness Black unemployed graduates in GP with various qualifications Mentorship offered for at least 6 months after the intervention Intensive 3 month Workplace Readiness Programme (theoretical and practical) Contact Avril Peddie, (011) for more details

18 Thank You Fasset Call Centre