Fasset UpdateSeptember / October 2013

Fasset UpdateSeptember / October 2013Seta Funding Regulations

Overview of major changes

• Mandatory Grants submission will be due on 30 April (and not 30 June anymore)

as from 2014

• Mandatory Grants (previously 50% of SDL) is now 20%

• 80% of the Discretionary Grants funding will be allocated to PIVOTAL

programmes

PIVOTAL is defined as professional, vocational, technical and academic

learning programmes that result in qualifications or part-qualifications on the

National Qualifications Framework

• There is a new ‘minimum requirements’ Mandatory Grant form

Fasset UpdateSeptember / October 2013Fasset’s Strategy 2013 / 2014

Fasset is focusing on new relationships in order to extend the skills development reach in implementing a career pipeline approach

• Further Education Training (FET) Colleges

• Universities

• Addressing skills need in the public sector

• Provincial footprint, focus on rural areas

A PIVOTAL Grant will be introduced for all races, however the transformation agenda will continue to be pursued through specific interventions such as SCG, Bridging Programmes, LCG, NLRG etc.

Fasset UpdateSeptember / October 2013Mandatory Grant

Training plan for the upcoming year and training report for the previous year

• 20% of the SDL, paid quarterly

• 2 forms: <50 Employees and >50 Employees (MS Excel format)

• All training, including short courses, PIVOTAL programmes to be specified

• No discretionary criteria e.g. any population group, gender etc. applies

• Cost of training not linked to payout amount

• Training committee recommended for employers employing 50 or more

• Reminder: this will move to 30 April from 2014

Fasset UpdateSeptember / October 2013Pivotal Grant

• Now 50% of the SDL

• 30% of grant may fund any learner on pivotal programme

• 20% of grant to fund Black African learners and people with disabilities

• Qualifications (degrees, diplomas), learnerships, internships – to be NQF-

registered

• Learners currently commencing, undergoing, or completing a pivotal programme

in the 2013 calendar year

• Tariffs are applicable

• Due date 15 February 2014 – to be submitted via hand delivery on Friday

Fasset UpdateSeptember / October 2013Learnership Cash Grant

Entry Grant : On registration of Black African learners on learnerships

Exit Grant: On completion of Black African learners on learnerships

• SDL payers and non-levy payers

• Fasset learnership or specific other Seta

learnership

• 10 entry grants per employer

• 10 exit grants per employer

• Black African learners and learners with a disability

• Higher amount for learners with a disability

• Employers with staff complement under 150

• Due date 15 February 2014 – to be submitted via

hand delivery on Friday

Length of Learnership

Entry Tariff Exit Tariff

12 month R 5,000 R 5,000

24 month R 7,000 R 13,000

36 month R 20,000 R 20,000

Fasset UpdateSeptember / October 2013NSFAS Loan Repayment Grant

Ensuring retention of learners on learnerships

• 3 year learnership attracts R 60,000 grant towards NSFAS account

• Transformation in the sector: Black African learners and people with disabilities

• Learners currently commencing, undergoing, or completing a learnership in the

2013 calendar year with a Fasset employer

• Employed learner or an employer representative may apply

• Black African learners will be relieved of the NSFAS financial burden

• Salary threshold applies

• May be applied for in tranches

• Due date 15 February 2014 – to be submitted via hand delivery on Friday

Fasset UpdateSeptember / October 2013NSFAS Grant Amounts

Length Tariff Amount

12 (1 year) On registration R 5,000

In month 12 of the learnership R 25,000

24 (2 year) On registration R 5,000

In month 6 of the 24-month learnership R 15,000

In month 18 of the 24-month learnership R 25,000

36 (3 year) On registration R 5,000

In month 6 of the 36-month learnership R 15,000

In month 18 of the 36-month learnership R 20,000

In month 32 of the 36-month learnership R 20,000

Fasset UpdateSeptember / October 2013Assessor and Moderator Grant

To ensure the supply of assessors of academic and workplace training

• Reimbursement of the cost of training

• Maximum of R 4,500

• Assessor/moderator to be registered with Fasset in 2013

• Training can take place before 2013

• Due date 15 February 2014 – to be submitted via hand delivery on Friday

Fasset UpdateSeptember / October 2013Grant Deadlines

Grant Due Date

Assessor and Moderator Grant (AMG) 15 February 2014

Pivotal Grant 15 February 2014

Leadership Cash Grant (LCG) 15 February 2014

NSFAS Loan Repayment Grant (NLRG) 15 February 2014

Mandatory Grant (MG) 30 April 2014

Fasset UpdateSeptember / October 2013Lifelong Learning Calendar

Only firms with a valid SDL number with Fasset will be able to register for the eventsThis calendar is subject to change

Month Topics Target Occupations

October 2013 Mentoring and Coaching HR (SDFs, HR Professionals)

November 2013 Conflict Management Leadership and Management (Junior and Middle Managers)

February 2014 Office Etiquette Leadership and Management (Junior and Middle Managers)

March 2014 Budget & Tax Update 2013 Legislative (All)

Fasset UpdateSeptember / October 2013Upcoming Research

To assist the Board and sector in aligning training to strategic objectives.

• Sector Skills Plan Update for the period commencing 1 April 2014

• Annual Benchmarking of Training in the Sector

• Learnership Readiness Pack

• Internship Readiness Pack

• Lifelong Learning Learnership Programme (LLLP) Employer Support Guide

• Tracer Study on Development Projects (Academic)

• Database Update (Employers)

• Database Update (Learners)

Fasset UpdateSeptember / October 2013FET College Engagement

To develop FET colleges, which is also a national and ministerial imperative.

• Capacitating FET colleges with funding set aside

• Improvement of relevant courses offered by FET colleges

• Development of lecturers so as to ensure a quality supply of FET learners

• Partnership agreements to be put in place with Waterberg and Sekhukhune FET

colleges in Limpopo as part of a broader joint Seta initiative to establish a

regional presence in rural areas and townships through FET colleges

• Fasset will support the co-ordinated Seta collaborative effort to establish a

regional presence in rural areas and townships through public FET colleges

Development Projects

Designed to assist unemployed learners (NQF levels 4 – 8) and bridge the gap between theoretical learning and workplace experience

• Fasset has approved 13 new projects for this year.

• Details on each project can be found on the website: www.fasset.org.za

• A Tracer study to evaluate the impact of past projects has been completed and can also be

found on our website.

Fasset’s Board has adopted a pipeline approach to funding:

• Bridging Programmes for Access to Higher Education

• Academic Programmes that Lead to Academic/Professional Body Qualifications and

Designations

• Bridging Programmes for Access to Employment

• NSFAS Loan Repayment Grant

Fasset UpdateOctober / November 2012

No. INTERVENTION Rand value (Millions)

Pipeline imperative

NQF Level

1 Bridging programmes for access into higher education

3,6 Access, entry level to academic

5

2 Financial support for learners in the sector with student loans (NSFAS)

10 Academic exit level

6 - 7

3 Academic programmes that lead to academic and/or professional body qualifications/designations

40 Academic exit level

6 - 8

4 Bridging programmes for access into employment

40 Training, entry level to employment

6 - 7

Total 93,6

Board StrategyFasset Update

June 2013

Fasset UpdateSeptember / October 2013Career Awareness

Communicate the number of career options within the Finance and Accounting sector through various tools

• Below the line advertising

• Career Exhibitions

• Partnerships

• Campus Brand Ambassador Campaign, currently at the following institutions:

o PE College o Goldfields FET Collegeo Elangeni FET College o Gert Sibande FET College

o University of Zululand o Orbit FET College

o Waterberg FET College o University of Limpopo

o Sekhukhune FET College CS Barlow Campus

o Sekhukhune FET College CN Phatudi Campus

Fasset UpdateSeptember / October 2013Stakeholder Engagement

Engaging with Fasset stakeholders by informing and educating through regular, effective communication, meeting the following strategic imperatives:

• The promotion of critical and scarce skills areas within our sector

• Promotion of skills development within sector through targeted marketing

• Promoting skills, access to jobs, sustainable livelihoods via development projects

• Developing a culture of high-quality, lifelong learning and fostering skills

development for high-quality jobs

• Focus on the critical SMME component, specifically levy-exempt employers

• Fostering skills development in the formal economy for productivity and

employment growth

Fasset UpdateSeptember / October 2013Tools

• Fasset website: www.fasset.org.za

• On the website you can gain access to the following:

− Download all the application forms you are required to complete for the grants

− Latest Fasset information

− List of all the relevant Fasset contacts

− List of Fasset learnerships

− Apply for Mandatory Grant online

− Lifelong Learning calendar

Thank You

For more information

please contact the

Fasset Call Centre

on 086 101 0001

or visit www.fasset.org.za

Fasset UpdateSeptember / October 2013