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FASSET The Seta for finance, accounting, management consulting and other related services

FASSET The Seta for finance, accounting, management consulting and other related services. Presentation to the Portfolio Committee on Labour September 2009. OVERVIEW OF PRESENTATION. Sector profile Financial information and governance NSDS Year 9 achievements Preventing job losses

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FASSET The Seta for finance, accounting, management consulting and other related services

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  1. FASSETThe Seta for finance, accounting, management consulting and other related services Presentation to the Portfolio Committee on Labour September 2009

  2. OVERVIEW OF PRESENTATION • Sector profile • Financial information and governance • NSDS Year 9 achievements • Preventing job losses • Employed people • Unemployed people • Highlights • Challenges • Questions

  3. SECTOR PROFILE

  4. ORGANISATION SIZE

  5. GEOGRAPHIC DISTRIBUTION

  6. RACE AND GENDER PROFILES

  7. FINANCIAL INFORMATION

  8. GOVERNANCE • Unqualified audit report for 9 years in a row • Commitment to good corporate governance • Management Board and committee performance assessments • Internal audit quality assessment review • Support extending the audit to include performance audit • Appreciate the value added by the Auditor General

  9. NSDS YEAR 9 ACHIEVEMENTS

  10. NSDS YEAR 9 ACHIEVEMENTS

  11. NSDS YEAR 9 ACHIEVEMENTS

  12. PREVENTING JOB LOSSES EMPLOYED PEOPLE • Lifelong Learning Project • Strategic Cash Grants • Learnership Cash Grants • Fasset Skills Advisors • ABET Project

  13. PREVENTING JOB LOSSES UNEMPLOYED PEOPLE • Development Projects • Strategic Cash Grants • Learnership Cash Grants

  14. HIGHLIGHTS • LEARNERSHIPS • 31219 learners signed onto learnerships, 15862 completed with a 100% placement rate • DEVELOPMENT PROJECTS • Over R256 million spent on Development Projects from matric to post graduate level. 2936 learners supported over the past 4 years and over 1945 already placed • LIFELONG LEARNING • 41686 learners completed over the past 9 years • PARTICIPATION RATES • Over 83% of Fasset levy payers claim Mandatory Grants and more than 11481 SMME learners have benefited • NDSD II TARGETS • All NSDS II 5 year targets on track to be achieved

  15. CHALLENGES • PIPELINE CHALLENGES • Poor matric results • High drop out rates at Tertiary Institutions • Fasset is a feeder sector for the broader economy • IMPACT OF THE RECESSION • Skills development a form of unemployment insurance • FUTURE SKILLS DEVELOPMENT LANDSCAPE • Move to Department of Higher Education and Training • NSDS III • Future of the Setas

  16. THANK YOUQUESTIONS?

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