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