Fasset Update July 2012. Changes to the Fasset Environment Fasset Update July 2012.
FASSET The Seta for finance, accounting and related disciplines
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Transcript of FASSET The Seta for finance, accounting and related disciplines
FASSETFASSETThe Seta for finance, accounting and related The Seta for finance, accounting and related
disciplinesdisciplines
Presentation to the Portfolio Committee on Labour Presentation to the Portfolio Committee on Labour August 2005August 2005
FASSET TEAMFASSET TEAM
Maryanne TrollopeMaryanne Trollope ChairChair
Mpuseng TlhabaneMpuseng Tlhabane Vice ChairVice Chair
Nawaal PatelNawaal Patel Learnership/ETQA ManagerLearnership/ETQA Manager
Cheryl JamesCheryl James CEOCEO
OVERVIEW OF PRESENTATIONOVERVIEW OF PRESENTATION
Sector profileSector profile
HighlightsHighlights
LowlightsLowlights
FundingFunding
ChallengesChallenges
OpportunitiesOpportunities
QuestionsQuestions
SECTOR PROFILESECTOR PROFILE
SUBSECTORSUBSECTOR No. of No. of organisationsorganisations
Employment Employment
Accounting, tax & Accounting, tax & auditing servicesauditing services
3201 (44%)3201 (44%) 44 646 (42%)44 646 (42%)
Investment entities Investment entities & trusts& trusts
1436 (20%)1436 (20%) 16 129 (15%)16 129 (15%)
StockbrokingStockbroking 913 (13%)913 (13%) 13 315 (13%)13 315 (13%)
SARS & SARS & government government departmentsdepartments
4 (1%)4 (1%) 13 898 (13%)13 898 (13%)
Management Management consultingconsulting
405 (6%)405 (6%) 8 939 (8%)8 939 (8%)
OtherOther 1255 (16%)1255 (16%) 8 931 (8%)8 931 (8%)
TOTALTOTAL 7214 (100%)7214 (100%) 105 858 (100%)105 858 (100%)
SECTOR PROFILESECTOR PROFILE
SIZESIZE ORGANISATIONSORGANISATIONS EMPLOYEESEMPLOYEES
Over 150Over 150 1%1% 48%48%
Between 50 and 150Between 50 and 150 2%2% 13%13%
Between 10 and 50Between 10 and 50 15%15% 17%17%
Between 1 and 10Between 1 and 10 82%82% 21%21%
WORKER PROFILE WORKER PROFILE
RACERACE 22% African, 9% Coloured, 9% Indian, 60% White (in total)22% African, 9% Coloured, 9% Indian, 60% White (in total) 9% African, 4% Coloured, 7% Indian, 80% White (owner level)9% African, 4% Coloured, 7% Indian, 80% White (owner level) 15% African, 5% Coloured, 9% Indian, 71% White (professional 15% African, 5% Coloured, 9% Indian, 71% White (professional
level)level)
GENDERGENDER 44% Male, 56 % Female (in total)44% Male, 56 % Female (in total) 75% Male, 25% Female (owner level)75% Male, 25% Female (owner level) 59% Male, 41% Female (professional level)59% Male, 41% Female (professional level)
HIGHLIGHTSHIGHLIGHTS
All NSDS targets met or exceeded for the first 5 All NSDS targets met or exceeded for the first 5 yearsyears
Focus on 4 areasFocus on 4 areas
LearnershipsLearnerships
Participation ratesParticipation rates
SMME’sSMME’s
Social projectsSocial projects
LEARNERSHIPSLEARNERSHIPS
22 registered22 registered
Across all sectorsAcross all sectors
21 MoU’s with other Setas21 MoU’s with other Setas
121 learners in other Setas121 learners in other Setas
17 learners completed pilot in public sector17 learners completed pilot in public sector
LEARNERSHIPSLEARNERSHIPS
20 621 learners20 621 learners
13610 previous unemployed13610 previous unemployed
7011 previously employed7011 previously employed
9274 completed and ALL employed9274 completed and ALL employed
18 861 under the age of 30 18 861 under the age of 30
40% 18.2 Black40% 18.2 Black
34% 18.1 Black34% 18.1 Black
49% 18.2 Female49% 18.2 Female
51% 18.1 Female51% 18.1 Female
0.1% disabled0.1% disabled
PARTICIPATIONPARTICIPATION
97% of large firms claim grants97% of large firms claim grants
56% of medium firms claim grants56% of medium firms claim grants
36% of SMME’s claim grants and attend interventions36% of SMME’s claim grants and attend interventions
Over 37 900 employees trained (75%)Over 37 900 employees trained (75%)
Over R147 m spent on trainingOver R147 m spent on training
Average spend per employee R 3 769Average spend per employee R 3 769
Large spend R 4 308/employeeLarge spend R 4 308/employee
SMME’s spend R 2 055/employeeSMME’s spend R 2 055/employee
PARTICIPATION BY SMME’SPARTICIPATION BY SMME’S
Over 2000 WSP’s received (36%)Over 2000 WSP’s received (36%)
CPE’sCPE’s
24 venues24 venues
18 interventions18 interventions
Over 7000 attendees from over 1550 organisationsOver 7000 attendees from over 1550 organisations
Over 1000 workplaces accreditedOver 1000 workplaces accredited
Over 15 000 learners over 5 yearsOver 15 000 learners over 5 years
SOCIAL PROJECTSSOCIAL PROJECTS
Over R78m in 5 years (R31m in year 5)Over R78m in 5 years (R31m in year 5)
39 projects in total (10 in year 5)39 projects in total (10 in year 5)
Over 6 500 learnersOver 6 500 learners
All 85% Black, 54% women, 4% disabledAll 85% Black, 54% women, 4% disabled
Over 70% employedOver 70% employed
Grade 12 to NQF 7Grade 12 to NQF 7
Average length 1 to 3 yearsAverage length 1 to 3 years
SOCIAL PROJECTS EXAMPLESSOCIAL PROJECTS EXAMPLES
Scimathus school projectScimathus school project
GTH Work Readiness programmeGTH Work Readiness programme
Thuthuka CTA/QE Work Readiness programmeThuthuka CTA/QE Work Readiness programme
CIMA Tirisano Learnership projectCIMA Tirisano Learnership project
NSF PROJECTNSF PROJECT
Partnership with Thuthuka/SAICAPartnership with Thuthuka/SAICA
EUPECEUPEC
2002 – 2004 R32,9m2002 – 2004 R32,9m
2005 – 2006 R29,6m2005 – 2006 R29,6m
EUPKZN & EUPLIMEUPKZN & EUPLIM
2004 – 2006 R76,8m2004 – 2006 R76,8m
Over 20 000 learners, educators and principalsOver 20 000 learners, educators and principals
School and university levelSchool and university level
LOWLIGHTSLOWLIGHTS
Poor Maths, English and Accounting at school Poor Maths, English and Accounting at school levellevel
Profile of the sectorProfile of the sector Changing but slowlyChanging but slowly 7 to 10 years to see changes7 to 10 years to see changes Qualified Black Chartered Accountants 7.5% of totalQualified Black Chartered Accountants 7.5% of total Black Chartered Accountant learners 32% of totalBlack Chartered Accountant learners 32% of total Previously unemployed learners (18.2)Previously unemployed learners (18.2)
32% Black in 2002, 40% Black in 200532% Black in 2002, 40% Black in 2005
FUNDINGFUNDING
Year 5 incomeYear 5 income R113 m R113 m
63% grant pay out rate for year 563% grant pay out rate for year 5
Less than 10% spent on adminLess than 10% spent on admin
R109 m cash on hand R109 m cash on hand ALLALL allocated to projects over the allocated to projects over the next 2 to 3 yearsnext 2 to 3 years
New funding regulations will speed up cash disbursalsNew funding regulations will speed up cash disbursals
CHALLENGESCHALLENGES
Impact of the R500 000 SMME levy exemption on Impact of the R500 000 SMME levy exemption on SMME participation and assistanceSMME participation and assistance
4 500 of the 7 200 companies in Fasset will be exempt4 500 of the 7 200 companies in Fasset will be exempt
6.5% of levy income will be lost6.5% of levy income will be lost
Poor Maths, Accounting and English teaching at school Poor Maths, Accounting and English teaching at school level continues to impact on learners coming into the level continues to impact on learners coming into the sectorsector
Profile of the sector can only change slowly (7 to 10 Profile of the sector can only change slowly (7 to 10 years)years)
OPPORTUNITIESOPPORTUNITIES
““growing our own timber”growing our own timber”
NSF support to achieve cross cutting NSF support to achieve cross cutting needsneeds
Stakeholder commitment to Fasset and to Stakeholder commitment to Fasset and to trainingtraining
THANK YOUTHANK YOU
QUESTIONS?QUESTIONS?
Presentation to the Portfolio Committee on Labour Presentation to the Portfolio Committee on Labour August 2005August 2005