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

2. Why Training?

3. 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

4. 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

5. 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

6. 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

7. 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

8. 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

9. 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

10. 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, Disability R 19,250
2 year – Black R 16, Disability R 28,000
3 year – Black R 27, Disability R 47,250

11. 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

12. 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

13. 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

14. Other
Free ABET available in all provinces. Contact Samson on
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

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