1. FASSET The Seta for finance, accounting, management consulting and other related services Presentation to the Portfolio Committee on Higher Education and training 17 November 2010

2. DELEGATION Robert Capper (Chairperson) Mpuseng Moloi (Vice Chairperson) Cheryl James (CEO) Nadine Kater (COO) Asha Lakhoo (CFO)

3. OVERVIEW OF PRESENTATION Sector profile Financial information and governance Targets and Interventions Regional Impact and Rural Reach Decent Work Partnerships Challenges Questions

4. SECTOR PROFILE SUBSECTORNo. of organisationsEmployment Accounting, tax & auditing services 3911 (63%) 57481 (49%) Investment entities & trusts 619 (10%) 6565 (6%) Stockbroking 626 (10%) 10328 (9%) SARS & government departments 6 (0.1%) 16726 (14%) Management consulting 416 (6%) 13494 (12%) Other 634 (10%) 12774 (10%) TOTAL6212 (100%)117368 (100%)

5. ORGANISATION SIZE

6. GEOGRAPHIC DISTRIBUTION

7. RACE and GENDER

8. FINANCIAL INFORMATION AMOUNT (millions) SDL incomeR200,3 Total revenueR216,1 Total expenditureR246,4 Expenses as a % of SDL income123% Total cash and cash equivalentsR94,1 Net DeficitR30,2 Mandatory grant expenses (87%)R108,7 Admin expenses (7.96%)R20 AllocatedR42

9. GOVERNANCE  Unqualified audit report for 10 years in a row  Commitment to good corporate governance  Management Board and committee performance assessments  Alignment to King III  Support extending the audit to include predetermined objectives – clean report  Appreciate the value added by the Auditor General

10. NSDS TARGETS Targets met and exceeded Strategic alignment of NSDS II to sector needs Addresses identified skills shortages What does this mean?

11. INTERVENTIONS LEARNERSHIPS –4278 learners signed onto learnerships, 3367 completed with a 100% placement rate, 52% Black learners DEVELOPMENT PROJECTS –Over R310 million spent on 62 Development Projects from matric to post graduate level. 11 000 learners supported over the past 10 years. R34.6 million on 4 new projects I Year 10 LIFELONG LEARNING –13529 learners completed training in LL over the past year

12. INTERVENTIONS GRANTS –Over 87% of Fasset levy payers claim Mandatory Grants –R18 million paid out for 765 Learnership Cash Grants –R13 million paid for Strategic Cash Grants CAREER GUIDANCE CAMPAIGN –300 000 school learners reached –12 universities –100 FET colleges DISABILITY TOOLKIT

13. REGIONAL IMPACT PROVINCENUMBER OF LEARNERSSPEND Eastern Cape1805R 5,5 million Western Cape5039R 10,6 million Northern Cape346R 210 k Free State853R 1,1 million KwaZulu-Natal3100R 16,8 million North West440R 328 k Gauteng10906R 68,6 million Mpumalanga549R938 k Limpopo495R443 k

14. RURAL REACH Development projects: all 9 provinces Lifelong learning: all 9 provinces Higher Education Institutes: 7 provinces Workplace providers (accredited employers): all 9 provinces Career guidance campaign: all 9 provinces

15. DECENT WORK + SUSTAINABLE LIVELIHOODS PROGRAMMESTATUSLEARNER NUMBERS LEARNERSHIPSREGISTERED39082 COMPLETED19240 PLACED100% LIFELONG LEARNING TRAINED: 2009/201013529 TRAINED: 10 YEARS55978

16. PARTNERSHIPS QAPS Career Guidance Partners Public Higher Education Public Sector Seta Collaboration Professional Bodies

17. CHALLENGES PIPELINE CHALLENGES –Poor matric results –High drop out rates at Tertiary Institutions –Fasset is a incubator sector for the broader economy Catalytic grants can overcome this challenge FUTURE SKILLS DEVELOPMENT LANDSCAPE –Move to Department of Higher Education and Training –QCTO –NSDS III

18. THANK YOU Questions?