BANKSETA
CABINET PORTFOLIO COMMITTEE
27 OCTOBER 2010
ENABLING SKILLS DEVELOPMENT IN THE BANKING SECTOR
©BANKSETA 2008
AGENDA
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BANKSETA Mission, Guiding Principles & Values
Delivering on the NSDS
Sector Strategic Imperatives
Alignment to Future in Skills Development
Viability & Relevance of the BANKSETA
Efficient & Effective Administrative System
Financial Highlights
Other Highlights
©BANKSETA 2010
BANKSETA MISSION
To support transformation and people development and,
through partnerships to enable stakeholders to advance
the national and global position of the broader banking
and micro finance industry
©BANKSETA 2010
GUIDING PRINCIPLES
• Accelerate social transformation through skills
development
• Leverage the skills levy funds for the strategic benefit of
the sector and the NSDS
• Be cost-effective and co-source non-core delivery
mechanisms
• Employ leading edge technology and best management
practices
• Conduct research and benchmarking in order to improve
the sector’s competitiveness through skills development
• Be a hub for sector collaboration
©BANKSETA 2010
BANKSETA VALUES
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Celebrating diversity
Professionalism
Innovation
Team work
Customer focus
Respect
Integrity
©BANKSETA 2010
Delivering on the National Skills
Development Strategy
Objective 1: Prioritising and communicating critical skills
for sustainable growth, development and equity – 135%
• Career Guidance Project
• Sector Skills Plan
©BANKSETA 2010
Delivering on the National Skills
Development Strategy
Objective 2: Promoting and accelerating quality training for
all in the workplace – 496%
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Mandatory Grants
SME Support
ABET Programme
Learnerships for employees
Skills Programmes for employees
©BANKSETA 2010
Delivering on the National Skills
Development Strategy
Objective 3: Promoting employability and sustainable
livelihoods through skills development – 166%
• Support of NLPEs, NGOs, CBOs and Co-ops through
Building a Better Business Programme
©BANKSETA 2010
Delivering on the National Skills
Development Strategy
Objective 4: Assisting designated groups, including new entrants to
participate in accredited work, integrated learning and work based
programmes to acquire critical skills to enter the labour market and
self-employment – 118%
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Niche Learnerships for unemployed learners
Letsema
Kuyasa
Thusanani Work Readiness Project
CIDA Bursaries
Bridging Programme for Learners with Disabilities
New Venture Creation Programme
©BANKSETA 2010
Delivering on the National Skills
Development Strategy
Objective 5: Improving the quality and relevance of
provision – 225%
• Provincial Centres of Excellence and Skills Resource
Centres
• Support of providers to deliver the New Venture Creation
Programme
©BANKSETA 2010
SECTOR STRATEGIC IMPERATIVES
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IEDP
MFI Needs Analysis
Master’s and Executive Short Courses
Life Long Learning Initiatives
Doctoral and Post Doctoral Funding
ICT Banking Support Technician Benchmarking
FAIS related initiatives
HIV / AIDS Training
Junior and Middle Management Programme
©BANKSETA 2010
ALIGNMENT TO THE FUTURE IN SKILLS
DEVELOPMENT
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QCTO Project
Research and benchmarking
RPL
German Dual Education System
©BANKSETA 2010
VIABILITY AND RELEVANCE OF THE
BANKSETA
• Customer Satisfaction Survey 4.1 out of 5
• Communications and Marketing
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Development of advertising material
CI Manual
Global and local media reach
Internal publications
Improved brand awareness
©BANKSETA 2010
EMPLOYMENT EQUITY
Male
Occupational Levels
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Executive
1
Management
2
C
Female
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C
Total
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1
1
2
1
2
8
2
5
12
Specialists
5
Admin Support
6
6
Unskilled
2
2
Total
29
©BANKSETA 2010
EMPLOYMENT EQUITY
35
30
25
Executive
Management
Specialists
Admin Support
Unskilled
Total
20
15
10
5
0
Male
Female
©BANKSETA 2010
Total
AN EFFICIENT AND EFFECTIVE
ADMINISTRATIVE SYSTEM
• Governance
• Administration
• Human resources
• Balanced Scorecard
• BANKSETA Values
unqualified audit
91% of allowed 10% admin
benchmarked HR practices
Staff compliment of 29
fully implemented
4 out of 5
©BANKSETA 2010
FINANCIAL HIGHLIGHTS
• The 80% levy income decreased by 0.4% from R329m
for 2008/09 to R328m for 2009/10
• Increase on discretionary grant expenditure from
R98.9m in 2008/09 to R155m in 2009/10
• The mandatory grant pay-out percentage was consistent
at 96% (96% 08/09)
• BANKSETA has allocated 100% of surplus funds
available for discretionary projects at 31 March 2010
FINANCIAL HIGHLIGHTS
Annual Financial Statements
SDL Levy Income – 80%
2009/10
Audited
2008/09
Audited
R’000
R’000
328 143
329 331
11 051
19 828
Total revenue (including 80% levy income, NSF income,
investment income etc.)
352 262
373 980
Total expenses (including admin expenses, NSF expenses,
grant and project expenses etc.)
403 976
350 691
Net (deficit)/surplus
(51 714)
23 289
Cash and cash equivalents
125 792
150 535
Investment income
FINANCIAL HIGHLIGHTS
Total surplus funds allocated: R662 million
Total surplus funds spent: R567 million
CUMULATIVE
2006
2007
2008
2009
2010
R’000
R’000
R’000
R’000
R’000
Surplus funds available (A)
241 766
321 526
425 552
547 727
651 470
Surplus funds allocated (B)
226 924
307 643
399 253
527 566
662 437
94%
95%
94%
96%
101%
163 627
238 107
312 392
411 274
566 731
72%
77%
78%
78%
85%
(B) as % of (A)
Surplus funds spent (C)
(C) as % of (B)
ETQA HIGHLIGHTS
• Introduction of a full time monitoring and site visit
resource for the first time from 5th January 2009
• Launch of the new BANKSETA ETQA operating
model (new processes and work flows, new
policies, new templates & new checklists) on 1st
September 2009
• Registration of first QCTO curriculum and
qualification – for Bank Worker occupation
QUESTIONS?
©BANKSETA 2010