FASSET ANNUAL REPORT

2021

2020 Restated

R ‘000

R ‘000

21. Commitments (continued) Association of Certified Chartered Accountants (ACCA) 2

- - - -

1 790 3 359 4 693

ATSA SAIPA

Ideahub Group - LLP, LPD

45

TVET Workplace-based Experience Project TVET Workplace-based Experience Project-Surplus

633

15 641 43 816 79 499

11 802 12 435

Total Discretionary Project Committments

62 032

346 307

An amount of R 62 032 000 (2020: R346 307 000) was commited out of the total R 623 796 000 (2020: R 673 523 000) discretionary reserves. The percentage commitment as at 31 March 2021 is 10%. A request for accumulation of the discretionary surplus will be submitted to National Treasury.

Year 2020/2021 split between PIVOTAL and Non-PIVOTAL:

The grant regulations require at least a 80/20 split for discretionary projects between PIVOTAL and Non-PIVOTAL programmes. We have performed the calculation based on current year project allocations. During the current year FASSET has allocated 84% (2020: 91%) projects to PIVOTAL programmes and 16% (2020: 9%) to Non-PIVOTAL programme.

FASSET Annual Integrated Report 2020/21

118