Building and Maintaining a Team July - August 2010 Fasset Update 1

Scarce Skills Trainees to qualify as accountants and auditors Bookkeepers and accounting technicians Financial officers, SCM Support staff in public sector Internal auditors Taxation practitioners (local and international) Managers in finance and accounting 2

Fasset Grants Update OutgoingIncoming Deadline Mandatory Grant30 June 2010*30 June 2011 Old Learnership Cash Grant31 March March 2012 Strategic Cash Grant31 March March 2012 New SMME Grant31 March 2011 Assessor Grant31 March 2011 * or within 6 months of registration as a new firm 3

Pilot Small Medium and Micro Enterprises (SMME) Grant Due 31 March 2011 Based on need to support SMMEs who do not traditionally participate in learnerships Amount will be limited to R11,000 per five employees employed in the SMME organisation SizeAmount 1 – 5R 11,000 6 – 10R 22, – 15R 33, – 20R 44, – 25R 55, – 30R 66, – 35R 77, – 40R 88, – 45R 99, – 49R 110,000 4

Assessor and Moderator Grant Reimburse cost of training, provided the assessor or moderator registers against a Fasset qualification The assessor requires approval from the relevant professional body Application form available on website 5

Learnership Cash Grant (LCG) Fasset offers a LCG for black and/or disabled learners on selected Fasset learnerships Grant is applicable to firms employing fewer than 150 people Maximum of 10 approved grants will be allowed per employer Learners registered during 1 Jan – 31 Dec 2010, apply for LCG on 31 March 2011 First-come first-served basis Tax deduction changes 6

Strategic Cash Grant (SCG) Due 31 March 2011 Subject to capping Change in criteria White women acceptable for certain criteria No extensions 7

Strategic Cash Grant (SCG) External bursaries Financial support (internal bursaries) Quality-assured and structured workplace experience Workplace experience Learnerships ABET 8

Free Lifelong Learning Feb 10Managing Change Feb 10Essential Office Etiquette Mar 10Budget and Tax Update (2010) May 10Role of SDF (2010) Jul - Aug 10Building and Maintaining a Team Sep - Oct 10Complying with Changes in Legislation Nov 10Return on Investment Feb 11Assertiveness Mar 11Budget and Tax Update (2011) Apr 11Role of SDF (2011) Register at Attendance certificates available for download 9

Development Projects To address the shortage of professionals in the sector Funded workplace programmes includes soft skills, financial skills, technical and/or academic skills Learners are black and/or people with a disability 70% placement minimum requirement Employers may apply for the LCG for these learners 10

Current Work Readiness Programmes GTCSS Bonani produces Professional Accountants at NQF 6 GTCSS Phakamani produces Accounting Technicians at NQF 5 SHA Thusanani produces various support staff (project managers, HR practitioners, IT specialists, etc) at NQF 6 IRBA 2010 Bridging Support produces Registered Auditors at NQF 7 Thuthuka Repeat QE and Small Practices Programme produces Chartered Accountants at NQF 7 11

12 Seta Landscape Move to the Department of Higher Education and Training provides an opportunity to ensure that education and training is more closely aligned Status quo will remain unchanged until March 2011 Public hearings held regarding Seta landscape NSDS III was released for public comment Sector Skills Plan (SSP) to be submitted 31 August – strategic plan for 5 years

Thank you For more information please contact the Fasset Call Centre on or visit 13