Fasset Update
March 2013
Seta Funding Regulations
Fasset Update
March 2013
Overview of major changes
• WSP submission will be due on 30 April (and not 30 June as with current) as
from 2014
• Mandatory Grants (previously 50% of SDL) is now 20%
• 80% of the Discretionary Grants funding will be allocated to PIVOTAL
programmes
• PIVOTAL is defined as professional, vocational, technical and academic learning
programmes that result in qualifications or part-qualifications on the National
Qualifications Framework
• There is a new ‘minimum requirements’ Mandatory Grant form
Fasset’s Strategy 2013 / 2014
Fasset Update
March 2013
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
SCG, Bridging Programmes, LCG, NLRG etc.
Mandatory Grant
Fasset Update
March 2013
Training plan for the upcoming year and training report for the previous year
• 20% of the SDL, paid quarterly
• 2 forms: <50 Employees and >50 Employees (MS Excel format)
• All training, including short courses, PIVOTAL programmes to be specified
• No discretionary criteria e.g. any population group, gender etc... applies
• Cost of training not linked to payout amount
• Training committee recommended for employers employing 50 or more
• Due 30 June 2013 – to be submitted via hand delivery on Friday
• Will move to 30 April from 2014
Combined Pivotal and Strategic Cash Grant
Fasset Update
March 2013
• Now 50% of the SDL
• 30% 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 NQFregistered
• 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
Fasset Update
Learnership Cash Grant
March 2013
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 specific other Seta
learnership
• 10 entry grants per employer
• 10 exit grants per employer
Length of
Learnership
Entry Tariff
Exit Tariff
12 month
R 5,000
R 5,000
24 month
R 7,000
R 13,000
36 month
R 20,000
R 20,000
• Black African learners 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
NSFAS Loan Repayment Grant
Fasset Update
March 2013
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
NSFAS Grant Amounts
Length
12 (1 year)
Tariff
On registration
In month 12 of the learnership
24 (2 year)
36 (3 year)
On registration
Fasset Update
March 2013
Amount
R 5,000
R 25,000
R 5,000
In month 6 of the 24-month learnership
R 15,000
In month 18 of the 24-month learnership
R 25,000
On registration
R 5,000
In month 6 of the 36-month learnership
R 15,000
In month 18 of the 36-month learnership
R 20,000
In month 32 of the 36-month learnership
R 20,000
Assessor and Moderator Grant
Fasset Update
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
March 2013
Fasset Update
Lifelong Learning
March 2013
Month
Topics
Target Occupations
Mar 2013
Budget & Tax Update 2013
Legislative (All)
Apr 2013
Change Management
HR (SDFs, HR Professionals)
May 2013
How to Manage your Business
Leadership and Management (Middle & Senior Managers)
Jun 2013
Culture and Diversity in the Workplace
Leadership and Management (Junior and Middle Managers)
Jul 2013
Project Management
Leadership and Management (Junior and Middle Managers)
Aug 2013
Managing Teams
Leadership and Management (Middle and Senior Managers)
Sep 2013
Compliance with Changes in Legislation
relevant to the Finance Sector
Legislative (All)
Oct 2013
Mentoring and Coaching
HR (SDFs, HR Professionals)
Nov 2013
Conflict Management
Leadership and Management (Middle and Senior Managers)
Feb 2014
Survive and Thrive in an Office
Environment
Leadership and Management (Junior and Middle Managers)
Only firms with a valid SDL number with Fasset will be able to register for the events
This calendar is subject to change
Innovations in accreditation
Fasset Update
March 2013
Whole firm accreditation
• To accredit non-credit bearing training
• Firms that offer training that they would like recognised and accredited
• Non-credit bearing training i.e. no assessment
• Functions as Approved Provider accreditation i.e. not linked to unit standards
Internships
• Internships that fall into the graduate work-based category
• Companies apply for programme and site accreditation
• May then apply for Fasset grants
• Claim points of BEE scorecard
Bridging Programme:
Access into Higher Education
Fasset Update
March 2013
The funding window opens doors for learners to enter higher education.
• Black African and all disabled learners
• Learners lacking requisite entry requirements into a sector-specific higher
education qualification
• Incorrect subject choices or followed an unrelated discipline
• 2nd chance learners
• Complete programmes and meet entry requirements which allow them to enter
sector-relevant higher education qualifications, for progression in the sector
• Tuition fees, examination support courses and soft skills interventions
Bridging Programme:
Academic/Professional Body Qualifications
Fasset Update
March 2013
The funding window opens doors for learners to enter higher education.
• Public providers and professional bodies to assist learners to obtain formal
qualifications
• Learners will be placed in learnerships, internships or full-time employment
• Number of learners with scarce skills qualifications will increase
• Employers will have access to increased numbers of employable learners
• Broader economy will benefit with learners who have a cross-cutting skill that is
needed to grow the whole economy
Bridging Programme:
Access into Employment
Fasset Update
March 2013
Designed to assist unemployed learners (NQF levels 6 – 8) and bridge the
gap between theoretical learning and workplace experience.
• Accounting and non-accounting graduates
• Unemployed, part of NEET population of learners
• Ministerial imperative
• Will undergo work readiness programmes e.g. bridging technical, assertiveness,
it, English language, attitude
• Available for employment on learnerships, internships or full-time employment
• Employers will have access to increased numbers of employable learners
• Broader economy will benefit with learners who have a cross-cutting skill that is
needed to grow the whole economy
Upcoming Research
Fasset Update
March 2013
To assist the Board and sector in aligning training to strategic objectives.
• 2012/13 (Year 13) Grant Analysis Report
• Sector Skills Plan Update for the period commencing 1 April 2014
• Annual Benchmarking of Training in the Sector
• Learnership Readiness Pack
• Internship Readiness Pack
• Lifelong Learning Learnership Programme (LLLP) Employer Support Guide
• Tracer Study on Development Projects (Academic)
• Database Update (Employers)
• Database Update (Learners)
FET Funding Window
Fasset Update
March 2013
To develop FET colleges, which is also a national and ministerial imperative.
• Capacitating FET colleges with funding set aside
• Improvement of relevant courses offered by FET colleges
• Development of lecturers so as to ensure a quality supply of FET learners
• Partnership agreements to be put in place with Waterberg and Sekhukhune FET
colleges in Limpopo as part of a broader joint Seta initiative to establish a
regional presence in rural areas and townships through FET colleges
• Fasset will support the co-ordinated Seta collaborative effort to establish a
regional presence in rural areas and townships through public FET colleges
• Appointment of a Fasset Provincial Liaison / Brand Ambassador
Career Guidance and Provincial Strategy
Fasset Update
March 2013
Fasset has an intensive National Career Guidance campaign:
• In line with DHET’s National Career Guidance initiatives
• Setas have a role to play in drawing the youth into the mainstream economy
• Targeting learners from Grade 9 level onwards, awareness on careers in finance
• Extend and deepen Fasset’s footprint and reach in rural and impoverished areas
− Fasset Brand Ambassadors
− Print and online advertising
− Exhibitions
− Print and digital motivational career guidance material
− Social media
− Partnerships
Stakeholder Engagement
Fasset Update
March 2013
Engaging with Fasset stakeholders by informing and educating through
regular, effective communication, meeting the following strategic
imperatives:
• The promotion of critical and scarce skills areas within our sector
• Promotion of skills development within sector through targeted marketing
• Promoting skills, access to jobs, sustainable livelihoods via development projects
• Developing a culture of high-quality, lifelong learning and fostering skills
development for high-quality jobs
• Focus on the critical SMME component, specifically levy-exempt employers
• Fostering skills development in the formal economy for productivity and
employment growth
Tools
Fasset Update
March 2013
• Fasset website: www.fasset.org.za
• 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
Fasset Update
March 2013
Thank You
For more information
please contact the
Fasset Call Centre
on 086 101 0001
or visit www.fasset.org.za