1. FASSET The Seta for finance, accounting and related disciplines Presentation to the Portfolio Committee on Labour August 2005

2. FASSET TEAM  Maryanne TrollopeChair  Mpuseng TlhabaneVice Chair  Nawaal PatelLearnership/ETQA Manager  Cheryl JamesCEO

3. OVERVIEW OF PRESENTATION  Sector profile  Highlights  Lowlights  Funding  Challenges  Opportunities  Questions

4. SECTOR PROFILE SUBSECTOR No. of organisations Employment Accounting, tax & auditing services 3201 (44%) 44 646 (42%) Investment entities & trusts 1436 (20%) 16 129 (15%) Stockbroking 913 (13%) 13 315 (13%) SARS & government departments 4 (1%) 13 898 (13%) Management consulting 405 (6%) 8 939 (8%) Other 1255 (16%) 8 931 (8%) TOTAL 7214 (100%) 105 858 (100%)

5. SECTOR PROFILE SIZEORGANISATIONSEMPLOYEES Over 150 1%48% Between 50 and 150 2%13% Between 10 and 50 15%17% Between 1 and 10 82%21%

6. WORKER PROFILE RACE  22% African, 9% Coloured, 9% Indian, 60% White (in total)  9% African, 4% Coloured, 7% Indian, 80% White (owner level)  15% African, 5% Coloured, 9% Indian, 71% White (professional level) GENDER  44% Male, 56 % Female (in total)  75% Male, 25% Female (owner level)  59% Male, 41% Female (professional level)

7. HIGHLIGHTS  All NSDS targets met or exceeded for the first 5 years  Focus on 4 areas  Learnerships  Participation rates  SMME’s  Social projects

8. LEARNERSHIPS  22 registered  Across all sectors  21 MoU’s with other Setas  121 learners in other Setas  17 learners completed pilot in public sector

9. LEARNERSHIPS  20 621 learners  13610 previous unemployed  7011 previously employed  9274 completed and ALL employed  18 861 under the age of 30  40% 18.2 Black  34% 18.1 Black  49% 18.2 Female  51% 18.1 Female  0.1% disabled

10. PARTICIPATION  97% of large firms claim grants  56% of medium firms claim grants  36% of SMME’s claim grants and attend interventions  Over 37 900 employees trained (75%)  Over R147 m spent on training  Average spend per employee R 3 769  Large spend R 4 308/employee  SMME’s spend R 2 055/employee

11. PARTICIPATION BY SMME’S  Over 2000 WSP’s received (36%)  CPE’s  24 venues  18 interventions  Over 7000 attendees from over 1550 organisations  Over 1000 workplaces accredited  Over 15 000 learners over 5 years

12. SOCIAL PROJECTS  Over R78m in 5 years (R31m in year 5)  39 projects in total (10 in year 5)  Over 6 500 learners  All 85% Black, 54% women, 4% disabled  Over 70% employed  Grade 12 to NQF 7  Average length 1 to 3 years

13. SOCIAL PROJECTS EXAMPLES  Scimathus school project  GTH Work Readiness programme  Thuthuka CTA/QE Work Readiness programme  CIMA Tirisano Learnership project

14. NSF PROJECT  Partnership with Thuthuka/SAICA  EUPEC  2002 – 2004 R32,9m  2005 – 2006 R29,6m  EUPKZN & EUPLIM  2004 – 2006 R76,8m  Over 20 000 learners, educators and principals  School and university level

15. LOWLIGHTS  Poor Maths, English and Accounting at school level  Profile of the sector  Changing but slowly  7 to 10 years to see changes  Qualified Black Chartered Accountants 7.5% of total  Black Chartered Accountant learners 32% of total  Previously unemployed learners (18.2) 32% Black in 2002, 40% Black in 2005

16. FUNDING  Year 5 income R113 m  63% grant pay out rate for year 5  Less than 10% spent on admin  R109 m cash on hand ALL allocated to projects over the next 2 to 3 years  New funding regulations will speed up cash disbursals

17. CHALLENGES  Impact of the R500 000 SMME levy exemption on SMME participation and assistance  4 500 of the 7 200 companies in Fasset will be exempt  6.5% of levy income will be lost  Poor Maths, Accounting and English teaching at school level continues to impact on learners coming into the sector  Profile of the sector can only change slowly (7 to 10 years)

18. OPPORTUNITIES  “ growing our own timber”  NSF support to achieve cross cutting needs  Stakeholder commitment to Fasset and to training

19. THANK YOU QUESTIONS? Presentation to the Portfolio Committee on Labour August 2005