| Fasset is the Sector Education and Training Authority (Seta)
for Finance, Accounting, Management Consulting and other Financial
Services. 25 Setas were established in March 2000 in terms of the Skills
Development Act, to cover all sectors in South Africa, including
government. The members of a Seta include employers, trade unions,
professional bodies, government departments and bargaining councils,
where relevant, from each industrial sector. The Seta Landscape was
revised to 23 Setas in March 2005. Click through to
www.labour.gov.za
for further information regarding Setas. |
|
| The Work of Setas |
- Determine the vision and mission of the Seta
- Develop and adapt the sector's skill strategy
- Set strategic targets in line with national policies and
priorities, national sectoral priorities and sub-sectoral or chamber
priorities.
- Enter signed agreements on targets for delivery with
chambers or sub-sectors
- Approve funding and funding flows
- Monitor and evaluate the implementation of strategies and
the achievement of targets
- Assume accountability in terms of the Skills Development
Act, the Skills Development Levies Act, Public Finance Management Act
and the SAQA Act
- Quality assure education and training providers via an
Education and Training Quality Assurance body
- Be responsible for Learnerships
|
|
|
| Purpose of the Skills Development Act |
|
| The short supply of skilled staff is a serious obstacle to the
competitiveness of industry in South Africa. The levy grant scheme aims
to expand the knowledge and competencies of the labour force resulting
in improvements in employability and productivity. This is achieved
through new approaches to planning for training, learning programmes,
incentives and an improved employment service. If you participate fully
in the scheme you will reap the benefits of a better skilled and more
productive workforce. |
|
| Relevant Legislation |
-
Skills Development Act (Act 97 of 1998)
-
Skills Development Levies Act (Act no 9 of 1999)
|
|
Both Acts are available on the Department of Labour
website at
www.labour.gov.za. |
|
| The Objectives of Fasset |
- To develop the competence of employees and potential
employees:
- Improving the quality of life of employees, their
prospects of work and labour mobility
- Improving productivity in the workplace and the
competitiveness of employers
- Promoting self-employment in situations where the sector
is experiencing job shrinkage.
- To increase the levels of investment in education and
training and to optimise the return on this investment
- To position this sector as the "sector of career choice" for
prospective learners and entrants into the labour market
- To encourage employers and employees to adopt a culture of
life long learning through:
- Using the workplace as an active learning environment
- Providing employees with the opportunities to acquire new
skills
- Providing opportunities for new entrants and potential
entrants into the sector labour market and enhancing access to
opportunities to gain work experience.
- To support the objectives of the Employment Equity Act of
1998
- To enhance access to learning opportunities and to
facilitate the recognition of prior learning
- To ensure the quality of education and training in the
sector
- To expand the provision of education and training in this
sector through sound partnerships with public and private sector
service providers
- To encourage greater cooperation between the public and
private sectors
- To co-operate with the South African Qualifications
Authority and other Setas, in support of the objectives of the Act
|
|
|
| Vision |
|
| "To influence the effective operation of the labour market,
through effective skills development, so as to ensure the appropriate
supply of competent labour necessary to compete in the global economy." |
|
|
| Mission |
- To improve the competence of employees and potential
employees, thereby enhancing productivity in the sector
- To increase the level of investment in education and
training in this sector and to optimise the return of this investment
- To encourage employers and employees to adopt a culture of
life-long learning
- To ensure the quality of training and education in the
sector and to support the development of standards in line with the
NQF and to actively promote these standards
- To expand the provision of education and training in the
sector through sound partnerships with public and private providers of
education and training
- To enhance co-operation between the public and private
sectors
- To support the objectives of the Employment Equity Act of
1998
- To enhance access to learning opportunities in the sector
- To position the sector as the 'sector of career choice' for
prospective learners and new entrants into the labour market.
|
|
|
| Functions of Fasset |
|
| The Management Board of Fasset may delegate any of the below
mentioned functions to an appropriate service provider, in accordance
with the Fasset procurement policy and to any other bodies, which may
include ETQAs, professional bodies etc. |
|
| Fasset will serve to: |
- Facilitate strategic human resource development planning
within this sector;
- Propose education and training standards and qualifications
to bodies registered with SAQA and be responsible for developing
education and training standards;
- Monitor and audit achievements in terms of those standards
and qualifications;
- Accredit providers, assessors and moderators of education
and training in this sector;
- Assure the quality of education and training in this sector
without itself being a provider of education and training;
- Analyse and prioritise education and training needs within
this sector and develop skills development strategies to address
identified priorities;
- Enhance access to learning opportunities including:
- Career paths and progression pathways;
- NQF qualifications; and
- Learnerships.
- Manage and administer all learnerships within Fasset;
- Manage the administration of levy disbursements in this
sector;
- Promote a culture of learning within this sector and
encourage active employer and employee organisation participation in
the strategies and activities of Fasset;
- Promote and market Fasset through regular communication with
all stakeholders and potential stakeholders;
- Perform any other function required by SAQA in terms of
Fasset's registration;
- Perform any other function that must be performed by Fasset
in terms of the Skills Development Act or any other applicable law.
|
| Fasset will, specifically, in accordance with the Skills
Development Act: |
- Develop a sector skills plan within the framework of the
national skills development strategy for Fasset;
- Implement a sector skills plan by:
- Approving and monitoring workplace skills plans;
- Establishing learnerships;
- Allocating grants to employers, education and training
service providers and employees; and
- Monitoring education and training in this sector.
- Promote learnerships by:
- Identifying appropriate workplaces where individuals can
gain practical work experience;
- Improving and supporting learning through the development
of learning methodologies and materials;
- Assisting in the conclusion, registration and monitoring
of learnership agreements.
- Liaise with the National Skills Authority as well as other
Setas on issues including:
- National skills strategy;
- Skills development policy;
- Its own sector skills plan.
- Report to the Director-General of Labour on the
implementation of its sector skills plan, its income and expenditure;
- Liaise with the employment services of the Department of
Labour and education councils and other regulatory bodies in terms of
education laws of South Africa in order to improve the quality of
information:
- About employment opportunities;
- Between education providers and the labour market.
- Facilitate the involvement of the relevant government
departments in the activities of Fasset in order to:
- Address the competency requirements for social delivery;
- Address the learning needs of the most vulnerable segments
of the sector;
- Promote training in SMME’s to enable them to qualify for
public contracts;
- Perform any other duties imposed by the Act or any other
function not specifically mentioned, in order to fulfill the
objectives of Fasset.
|
