The Financial, Accounting, Management, Consulting and other Financial Services Sector Education and Training Authority (better known as FASSET) is one of the South African SETAs that has been given the go-ahead to continue in the same form as it started out in when it was launched in 2000. This is, in many ways, a green light from the Government that what they have been doing for the past decade meets the strict criteria required.
In a nutshell, the FASSET and all other SETAs, have been required to ensure that people who are (or who will be) working in specific sectors, have the necessary education and training to do the jobs that are needed. In other words, if people are not properly trained, they cannot function within that sector of the economy.
While all the SETAs in South Africa have been set up to ensure that those people working, or aiming to work, in various industry sectors are properly educated and trained, each individual SETA must have its own specific objectives.
The stated objectives of the financially orientated FASSET include:
FASSET also aims to position this particular sector as “the sector of choice” for those learners looking for new careers and job opportunities. Plus it aims to support the stated objectives of the Employment Equity Act (1998) so that everyone has a fair chance, and has said that as a SETA it will co-operate with other SETAs as well as with the South African Qualifications Authority, which plays a vital role in terms of education and training.
FASSET, as a SETA, has very specific functions that it has been fulfilling since it was set up and began operating in 2000. These functions include:
In addition to these functions, FASSET also has a commitment to enable learners to gain access to opportunities where they will be able to access career paths and get NQF qualifications. This clearly includes the full range of college courses, including online courses and any other short course or other application method of study. Where it can, FASSET will enable learners to access bursaries and discretionary grants, and possibly also gain some type of workplace experience.
The Accounting, Management, Consulting and other Financial Services Sector Education and Training Authority is based in northern Johannesburg, Gauteng.Telephone: (011) 476-8570 – Fax: (011) 476-5756Email: email@example.com – Website: http://www.fasset.org.za
The valid Standard Industrial Classification (SIC) Codes must be used for Employment Tax Incentive (ETI) purposes. The latest SIC Coding system can be found Here or at Statistic SA www.statssa.gov.za. The Code for FassetSeta is 1.
|Investments Entities and trusts
|Administration of financial markets
|Security dealing activities
|Stock Broking Activities
|Development corporations & organisations
|Activities auxiliary to financial intermediation
|Asset Portfolio Management
|Company Secretary Services
|Accounting, bookkeeping & auditing activities; tax consultancy
|Activities of accountants and auditors registered in terms of the public accountants
|Activities of cost and management accountants
|Bookkeeping activities, including relevant data processing & tabulating activities
|Business and management consultancy activities
|Project financial management
|South African Revenue Services (SARS)
|Department of State Expenditure and Finance