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THE NEW FUNDING REGULATIONS Presentation to the AgriSETA Stake Holders March/ April 2013

THE NEW FUNDING REGULATIONS Presentation to the AgriSETA Stake Holders March/ April 2013 Venue: Different Provinces Jerry Madiba: CEO AgriSETA. DEFINITIONS TO NOTE. Page 3: Administration Cost include Consultancy fees and Institutional research and Sectoral research;

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THE NEW FUNDING REGULATIONS Presentation to the AgriSETA Stake Holders March/ April 2013

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  1. THE NEW FUNDING REGULATIONS Presentation to the AgriSETA Stake Holders March/ April 2013 Venue: Different Provinces Jerry Madiba: CEO AgriSETA

  2. DEFINITIONS TO NOTE • Page 3: Administration Cost include Consultancy fees and Institutional research and Sectoral research; • Page 4: Institutional Research and Sectoral Research – means research commissioned by a SETA on any aspect of the administration or management of the SETA as well as research into Sector supply and demand; • Page 4: Occupational part qualifications also include Skills Programmes; • Page 5: Structured workplace learning also include appointing a Mentor in Land Reform; • Page 5: Surplus-Any money not covered by a contract or contractual obligation.

  3. Important Issues to Note • Page 9: Mandatory Grant to be paid to Employers will reduce from 50%-20% from 01 April 2013; • Page 8: 80% of Discretionary funds are to be allocated to PIVOTAL Programmes; • Page 8: An approval may be sought from the Director General for use of Surplus within a scope of Skills Development Act. By 31 March 95% funds to be contracted and not more than 5% uncommitted; • Page 11: Accounting Authority to annually approve a Discretionary Policy with guidelines issued by DHET; • Page 11. Emphasis is put on PIVOTAL programmes by using Public Education and Training Institutions .

  4. Important Issues to Note • Page 12: 7.5% is a maximum administration allocation for discretionary funds as opposed to 10% previously; • Page 12: While 80% Discretionary amount is to be allocated to PIVOTAL programmes, a maximum of 20% can be used to develop the sector within priorities of the SSP; • Pages 6 &7: Administrations Cost goes from 10% to 10.5 but 0.5% is to be paid to the QCTO.

  5. Important dates of the Regulation • Page 14: 01 April 2013: Implementation of the Grant Regulation ; • Page 9: 30 April annually from 2014: Mandatory applications closing date . Status- quo remains for 2013; • Page 7: From 1 April 2013 and Annually: 0.5% of Administration fund to be transferred to the QCTO; • Page 7 &10: 15 August Annually: SETAs to transfer unclaimed Mandatory Grants and interest earned to the Discretionary funds; • Page 9: 01 October Annually to transfer remaining surplus of discretionary funds to the National Skills Fund (NSF).

  6. KEY ASPECTS OF THE FUNDING REGULATIONS

  7. THANK YOU ANY QUESTIONS?

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