1. Welcome to Fasset’s CPE : 2004 Budget & Tax Update ( March 2004 )

2. Fasset SARS Tax Learnership GrantDeduction --------------------------------------------------------- Fasset PDI Learnership SARS IT 180 Application Employ >150All employers R25 000 per employerR17 500 (per 18.1 L) R25 000 (per 18.2 L) Any Fasset learnershipAny learnership from any seta Fasset Y4Tax year Available nowEnd tax year

3. Learnerships : - 19 registered with DoL - 6 in development - +/- 10000 learners - Fasset Learnership Grant Y4 (R25000) - Fasset Learnership Grant Y5 (R tba) - Dept of Finance tax incentive

4. Grant Deadlines : 31/3/4Y4 Learnership (R25 000) 31/5/4Y4 SCG (10%) 31/5/4Y4 WSPIG (45%) 30/6/4Y5 WSP (10%) 31/11/4Y5 WSPIG ITR ( 50% of 45%) 31/5/5Y5 WSPIG ITR ( 45%) 31/3/5Y5 Learnership (R tba)

5. FSA Assistance to SMMEs : Y5 : - WSP Grant - WSPIGrant - SCGrant - Learnership Grant

6. Fasset, Skills Development & NSDS : - New 5 year SSP - Project spending : Learnership Readiness Project - NSDS changes : - Output (and content) vs input - Changes to grant system ( < discretionary ) - Draft : April 2004 : commentary - Possible Focus : SMMEs, PDIs, Unemployed - Launch : NSDS Conference 2004

7. Other Diary Items : - CPE10BEE, EE, Financial Services Charter, etc - CPE11Labour Legislation - CPE12 Budget 2005 & Tax Update - CPEL3Management & Leadership - CPEL4Personal & Social Mastery