Innovation and Creativity Fasset Update November to December 2009

Skills Levy Grant Cycle Paid to SARS 100% Allocated to relevant Seta 20% 80% National Skills Fund Department of Labour 70% Available for Grants 10% Seta Admin Unclaimed SDL goes into discretionary projects decided by the Management Board 20% 50% Mandatory Grant 30 June Strategic Cash Grant 31 March Unclaimed SDL 086 101 0001 www.fasset.org.za

Learnership Cash Grant 2009/10 Commencement period 1 January to 31 December 2009 Firm must employ fewer than 150 people Extension requests to Fasset on or before 31 March 2010 Grant due 31 March 2010 Higher amount for people with disabilities – R27,000 vs. R47,250 for 3-year programme 086 101 0001 www.fasset.org.za

Learnership Tax Deductions Substantial positive changes regarding learnership tax allowance Increase in allowance for multi-year learnerships Annual tax deduction Pro-rated for learners who leave 086 101 0001 www.fasset.org.za

Funding areas for 2010/11 Lifelong Learning Learnership Cash Grant (LCG) SMME Grant Development Projects Strategic Cash Grant (SCG) Fasset Skills Advisors (limited service) General Research Numeracy and literacy research ABET (still funded via the SCG) Assessor and moderator training Tax learnership Financial markets learnership 086 101 0001 www.fasset.org.za

Letting the Numbers Speak Learnerships and qualifications registered from level 1 to 7 on the NQF More than 66% of employed learners have already completed their programmes More than 51% of unemployed learners have entered learnerships 80% of people entering are Black, 50% are women and 4% are people with disabilities 086 101 0001 www.fasset.org.za

Development Projects To address shortage of scarce skills professionals in sector Fasset funds training of learners in workplace readiness skills – which includes both soft skills and technical financial skills Learners are black and/or disabled Once employed on a learnership they may be put forward for a Learnership Cash Grant (LCG) 086 101 0001 www.fasset.org.za

Bonani Workplace Readiness Black unemployed finance graduates with B.Comm degrees or National Diplomas Offered in Gauteng, KwaZulu-Natal, Free Sate and the Western Cape Intensive 5 month Workplace Readiness Programme (WRP) including training in a ‘virtual office’ environment Contact Waldo Jonker (011) 466-3312 www.fasset.org.za for more details 086 101 0001 www.fasset.org.za

Scimathus Work Readiness Assist black learners to access higher education in the Economic and Management Sciences Offered in the Western Cape Content includes academic language, study and thinking skills, computer literacy and statistics Contact Anneke Muller (021) 808-3483 www.fasset.org.za for more details 086 101 0001 www.fasset.org.za

Pagamani Workplace Readiness Unemployed matriculants or incomplete qualifications to attain certificate from the AAT Candidates receive work-readiness training Learnership is designed to be completed within a year whilst working and studying Offered in Gauteng, KwaZulu-Natal, Free State and the Western Cape Contact Waldo Jonker (011) 466-3312 www.fasset.org.za for more details 086 101 0001 www.fasset.org.za

Thusanani Workplace Readiness Black unemployed graduates in Gauteng with various qualifications Mentorship offered for at least 6 months after the intervention Intensive 3 month Workplace Readiness Programme (theoretical and practical) Contact Avril Peddie (011) 678-2144 www.fasset.org.za for more details 086 101 0001 www.fasset.org.za

Free Lifelong Learning 2009/10 Sep – Oct ’09 Enhancing Business Writing Skills Oct ‘09 Complying with Changes in Legislation Nov ’09 Innovation and Creativity Nov ‘09 Organisation as a Site of Learning Excellence Launch of Disability Toolkit Dec ‘09 Assessor Networking Event Feb ’10 Managing Change Feb – March ’10 Office Etiquette Mar – Apr ’10 Budget and Tax Update Apr ’10 Introduction to the Role of SDF 2010 Register on www.fasset.org.za 086 101 0001 www.fasset.org.za

Thank You Fasset Call Centre 086 101 0001 www.fasset.org.za