FASSET ANNUAL REPORT

Figure 4: FASSET Operating Environment

Department of Higher Education, Science and Technology

INFORMATION AND FUNDING FLOW FASSET reports to DHEST, which is our custodian. We engage with a variety of stakeholders numbered 1 to 6 below, with details on pages 30 to 33 of this report. Our funding model is outlined on pages 21 and 22 of this report.

FASSET is oneof 21 SETA s and is overseen by a Board appointed as the Accounting Authority.

FASSET

2

4

6

1

3

5

Education and Training Providers

Internal Stakeholders

Learners

Employers

Government

Public

Stakeholders

Source: FASSET Sector Skills Plan of 2021

Operating context While our strategies and skills development initiatives were aligned to national imperatives, including the Human Resources Development Strategy for South Africa (HRDSSA), the Medium-Term Strategic Framework (MTSF), the National Skills Development Plan (NSDP) and the White Paper for Post-School Education and Training; the pandemic brought operations to a standstill providing the opportunity for reflection to determine the best response in the present, and rethinking our approach to the future.

Furthermore, taking into account the profile of the financial and accounting services sector, which is not reflective of the demographics of the country, we have aligned our strategy and skills development priorities to transformation charters such as the Financial Sector Charter, which seeks to increase the participation of African Black people and people with disabilities in our sector.

FASSET Annual Integrated Report 2020/21

19