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Fasset Update October 2013. Fasset Seta Pipeline Approach Fasset Update October / November 2012.

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Presentation on theme: "Fasset Update October 2013. Fasset Seta Pipeline Approach Fasset Update October / November 2012."— Presentation transcript:

1 Fasset Update October 2013

2 Fasset Seta Pipeline Approach Fasset Update October / November 2012

3 Fasset Update September / October 2013 Fasset’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 Bridging Programmes, LCG, NLRG etc.

4 Fasset Update September / October 2013 Flow of Funds 2013 / 2014 SDL Paid to SARS 100% National Skills Fund 20% Seta 80% 10% Seta Admin 0.5% QCTO 20% Mandatory Grant – due 30 April % Discretionary Funding (Grants due 15 April 2014) Unclaimed monies

5 Fasset Update September / October 2013 Pivotal Grant 2013/2014 Now 49.5 % of the SDL 29.5% 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

6 Fasset Update September / October 2013 Learnership 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 other Seta 10 entry grants per employer 10 exit grants per employer Black African 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 TariffExit Tariff 12 monthR 5, monthR 7,000R 13, monthR 20,000

7 Fasset Update September / October 2013 NSFAS 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

8 Fasset Update September / October 2013 NSFAS Grant Amounts LengthTariffAmount 12 (1 year)On registrationR 5,000 In month 12 of the learnershipR 25, (2 year)On registrationR 5,000 In month 6 of the 24-month learnershipR 15,000 In month 18 of the 24-month learnershipR 25, (3 year)On registrationR 5,000 In month 6 of the 36-month learnershipR 15,000 In month 18 of the 36-month learnershipR 20,000 In month 32 of the 36-month learnershipR 20,000

9 Fasset Update September / October 2013 Assessor 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

10 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: A tracer study to evaluate the impact of past projects has been completed and can also be found on our website. Focus on: Bridging Programmes for Access to Higher Education NQF 5 (R3.6 million) Academic Programmes that Lead to Academic/Professional Body Qualifications and Designations NQF 6-8 (R40 million) Bridging Programmes for Access to Employment NQF 6-7(R40 million) Fasset Update October / November 2012

11 Fasset Update September / October 2013 Lifelong Learning Calendar Only firms with a valid SDL number with Fasset will be able to register for the events This calendar is subject to change Please let your Fasset host have ideas for upcoming events MonthTopicsTarget Occupations October 2013Mentoring and CoachingHR (SDFs, HR Professionals) November 2013Conflict Management Leadership and Management (Junior and Middle Managers) February 2014Office Etiquette Leadership and Management (Junior and Middle Managers) March 2014Budget & Tax Update 2013Legislative (All)

12 Fasset Update September / October 2013 Ideas for upcoming LL events? Please let your Fasset host have ideas for upcoming events, some ideas are included below. 1.Being a SDF, planning a skills development strategy, completing grant forms 2.Office Etiquette 3.Budget and Tax Changes in BEE legislation and the draft BEE codes 5.Performance Management 6.Emotional Intelligence 7.How to be a trainer? 8.Business Writing 9.Compliance with Changes in Legislation 2014 Update

13 Fasset Update September / October 2013 Career 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: ­ PE College ­ Goldfields FET College ­ Elangeni FET College ­ Gert Sibande FET College ­ University of Zululand ­ Orbit FET College ­ Waterberg FET College ­ University of Limpopo ­ Sekhukhune FET College CS Barlow Campus ­ Sekhukhune FET College CN Phatudi Campus

14 Fasset Update September / October 2013 Tools Fasset website: 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

15 Thank You For more information please contact the Fasset Call Centre on or visit Fasset Update September / October 2013


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