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THE NEW FUNDING REGULATIONS Presentation at the Annual Roadshow March/April 2013 Johann Engelbrecht. KEY ASPECTS OF THE FUNDING REGULATIONS. DISCRETIONARY FUND CALCULATION. DHET EXPECTATIONS / AgriSETA APP. THANK YOU. - PowerPoint PPT Presentation
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THE NEW FUNDING REGULATIONS
Presentation at the Annual RoadshowMarch/April 2013
Johann Engelbrecht
KEY ASPECTS OF THE FUNDING REGULATIONSITEM IMPLICATION
Mandatory grants drop from 50% → 20% •Discretionary increase from 20% → 49,5%•Possible reduction in submission of WSP/ATR
ALL research funded from Admin •Further pressure on limited admin budget•Possible reduction in research budget
80% of discretionary to PIVOTAL •May not be able to address actual needs in sector especially rural structures•Other development work neglected
95% of all funds CONTRACTED •Pressure on employers and SETA in making sure to allocate funds and employers train in the allocated time
Focus exclusively on Public Providers •May have impact on reaching rural areas•Loose flexibility of private providers
WSP/ATR submission date end April annually
•None
Very complex WSP/ATR format •May contribute to reduction in submission
DISCRETIONARY FUND CALCULATIONITEM BEFORE NEW
FUNDING REGSAFTER NEW FUNDING
REGSGross est. levy income R265 000 000 R265 000 000Discretionary R114 120 000 R151 485 000• Statutory (20%/49,5%) R53 000 000 R131 175 000
• Mandatory transfer (27%x40%/27%x20%)xR265m R28 620 000 R14 310 000
PIVOTAL (10% of levy/included above) R26 500 000 (included above)
Interest/penalties R6 000 000 R6 000 000
Project funding R29 000 000 R31 000 000DRDLR (Coops/NARYSEC) R8 000 000 R10 000 000
NSF (Land reform) R21 000 000 R21 000 000
TOT. DISCR/PR FUNDS R143 120 000 R182 485 000
DHET EXPECTATIONS / AgriSETA APP
ITEM
Learnerships Empl
Learnerships Unempl
Skills Prg Empl
Skills Prg Unempl
Bursaries Empl
Bursaries Unempl
Internships
Artisans
Graduate Placement
TOTAL
AgriSETA# VALUE1 000 R17,838m
1 125 R34, 115m
1 000 R4,281m
5 780 R27,559m
75 R2,676m
185 R6,600m
400 R14,270m
208 R9,265m
485 R17,303m
10 258 R133,303m
THANK YOU