Managing Teams to ExcellenceFasset UpdateAugust 2013

Fasset UpdateAugust 2013Seta Funding Regulations

Overview of major changes

• 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

• WSP submission will be due on 30 April (and not 30 June as with current) as

from 2014

• Companies implementing internships may apply for programme and site

accreditation from Fasset

Fasset UpdateAugust 2013Pivotal Grant (PG) 2013 / 2014

• Previously called the Strategic Cash Grant

• Now 49.5% of the SDL

• Pivotal Programmes are defined as: Qualifications (degrees, diplomas),

learnerships, internships – to be NQF-registered

• A maximum of 29.5% can be claimed for pivotal programmes implemented with

White, Indian and Coloured learners, and non-South Africans

• Any unutilised portion of the 29.5% and an additional 20% may be claimed for

African Black learners and learners with a disability

• Those commencing, undergoing, or completing a pivotal programme in 2013

• Tariffs are applicable

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

Fasset UpdateAugust 2013Learnership Cash Grant (LCG) 2013 / 2014

Entry Grant : On registration of Black African learners on learnerships

Exit Grant: On completion of Black African learners on learnerships

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

• SDL payers and non-levy payers

• Fasset or other Seta learnership

• 20 grants (any combination of entry and exit)

• Black African learners & learners with a

disability

• Higher amount for learners with a disability

• Employers with staff complement under 150

• Due date 15 February 2014 – may be

submitted via hand delivery on Friday

Fasset UpdateAugust 2013NSFAS Loan Repayment Grant (NLRG)

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 – may be submitted via hand delivery on Friday

Fasset UpdateAugust 2013NSFAS Grant Amounts

Length Tariff Amount12 (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 UpdateAugust 2013Assessor and Moderator Grant (AMG) 2013 / 2014

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 – may be submitted via hand delivery on Friday

Fasset UpdateAugust 2013Lifelong Learning 2013 / 2014 (calendar subject to change)

Month Topics Target Occupations

Jul 2013 Project Management Leadership and Management (Junior and Middle Managers)

Aug 2013 Managing Teams Leadership and Management (Middle and Senior Managers)

Sep 2013 Compliance with Changes in Legislation relevant to the Finance Sector Legislative (All)

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

Nov 2013 Conflict Management Leadership and Management (Middle and Senior Managers)

Feb 2014 Survive and Thrive in an Office Environment Leadership and Management (Junior and Middle Managers)

• Where Fasset-registered organisations can offer a venue and catering for 50 or

more delegates – a specific event may be offered

• Attendees must working for Fasset-registered firms or be invited by Fasset

• All Non-Levy Paying firms must annually renew their Fasset registration

Fasset UpdateAugust 2013

Bridging Programme: Access into Higher Education

Fasset will be funding projects for learners to enter higher education• Black African and all disabled learners

• Learners lacking requisite entry requirements into a sector-specific higher

education qualification

• Incorrect subject choices or followed an unrelated discipline

• 2nd chance learners

• Complete programmes and meet entry requirements which allow them to enter

sector-relevant higher education qualifications, for progression in the sector

• Tuition fees, examination support courses and soft skills interventions

Fasset UpdateAugust 2013

Bridging Programme: Academic / Professional Body Qualifications

Fasset will be funding projects for learners to enter higher education• Public providers and professional bodies to assist learners to obtain formal

qualifications

• Learners will be placed in learnerships, internships or full-time employment

• Number of learners with scarce skills qualifications will increase

• Employers will have access to increased numbers of employable learners

• Broader economy will benefit with learners who have a cross-cutting skill that is

needed to grow the whole economy

Fasset UpdateAugust 2013

Bridging Programme:Access into Employment

Fasset will be funding projects designed to assist unemployed learners (NQF levels 6 – 8) and bridge the gap between theory and the workplace

• Accounting and non-accounting graduates

• Unemployed, part of NEET (Not in Employment Education and Training) learner

population, ministerial imperative

• Will undergo work readiness programmes e.g. bridging technical, assertiveness,

it, English language, attitude

• Available for employment on learnerships, internships or full-time employment

• Employers will have access to increased numbers of employable learners

• Broader economy will benefit with learners who have a cross-cutting skill that is

needed to grow the whole economy

Fasset UpdateAugust 2013FET Funding Window

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

• Appointment of a Fasset Provincial Liaison / Brand Ambassador

Fasset UpdateAugust 2013Career Guidance and Provincial Strategy

Fasset has an intensive National Career Guidance campaign

• In line with DHET’s National Career Guidance initiatives

• Setas have a role to play in drawing the youth into the mainstream economy

• Targeting learners from Grade 9 level onwards, awareness on careers in finance

• Extend and deepen Fasset’s footprint and reach in rural and impoverished areas− Fasset Brand Ambassadors− Print and online advertising− Exhibitions− Print and digital motivational career guidance material− Social media− Partnerships

Fasset UpdateAugust 2013Tools and Resources

• 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

• Fasset call centre 086 101 0001

Thank You

For more information please contact the Fasset Call Centre on 086 101 0001

or visit www.fasset.org.za

Fasset UpdateAugust 2013