2013/14Strategic Plan and

Annual Performance Plan

30 April 2013

BANKSETA VISION

BANKSETA recognised as a Centre of Excellence and innovation for

Human Resource Development in the banking sector.

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 VALUES

CeleBrating Diversity ProfessionAlism

InNovation TeamworK Customer FocuS RespEct

InTegrity our vAlues start with you

PRIMARY STRATEGIC OBJECTIVES• Enable skills development in the broader banking and micro finance

sector; and• Implement the National Skills Development Strategy (NSDS) in the

broader banking and micro finance sectors.

• The impact of the BANKSETA’s efforts in meeting these primary strategic objectives will result in a transformed, skilled and capable workforce to address the sector strategic objectives and national strategic objectives.

• These are reflected in the outputs and outcomes measured in accordance with economy, effectiveness, efficiency and equity principles as outlined below and in the performance measures in the Annual Performance Plan.

STRATEGIC OUTCOME-ORIENTATED GOALS

Strategic outcome Oriented Goal 1• Research sector skills and undertake benchmarking against

national and international best practices to ensure relevant and cutting edge interventions.

Strategic outcome Oriented Goal 2• To enhance the employability of the Youth through effective

education and training development initiatives.

Strategic outcome Oriented Goal 3• To provide the employed workforce with scarce and critical

skills to close skills gaps.

STRATEGIC OUTCOME-ORIENTATED GOALS (cont)

Strategic outcome Oriented Goal 4• Enhance SME participation, sustainability and job creation through skills

development.

Strategic outcome Oriented Goal 5• To enhance and build capacity of public FETs / HEIs, SME providers and

universities of technology to increase the national footprint and to improve relevance of training interventions in response to sector needs.

Strategic outcome Oriented Goal 6• To create a skills pool that would enable the sector to meet

transformation targets as defined in the Financial Sector Charter (FSC). 

RESEARCH AND BENCHMARKING: SCARCE AND CRITICAL SKILLS (SSPs) BANKING INCLUSIVE BANKING

Scarce (2013-2016) Critical Scarce (2013-16) Critical •FAIS-compliant consultants•Banking product experts•Business development/relationship managers•Investment risk specialists•Wealth management•IT markets trading developers•C# developers•FX spot traders•Financial analysts/internal•Statistical analysts•Debit card/credit card fraud investigators•Research analysts•Traders (sales, equity, derivatives)•Fiduciary managers

•Specialist financial skills: Knowledge of the industry, financial modelling, forensic investigation, Risk Management, Maths ability •Legislation Compliance Skills: FAIS, PFMA, FICA AND NCA

•Information Technology: Network skills, IT governance, ERP

•Management and Leadership: Project Management, Quality Assessment, Capacity Planning, Logistics Management, Strategic Human Resources and Process Management

•Customer Interface: Relationship Building and Marketing

•Credit managers•Financial services staff•Managers•Foreign exchange staff•IT officers•Junior managers•Debt counsellors•Finance managers•CEOs•Assistant branch managers•Marketing managers•Loan administrators•Marketing staff

•Customer service•Legislation (FAIS, NCA)•Bookkeeping•Computer literacy•IT skills•Computer skills•Management skills•Business management skills•Auditing•Microfinance management•Risk management•Debt collection•Financial management

DHET SLA – 2013/14Perform and provide the information and/or reports on the activities listed below:1. assessment of the skills required for each sector and to identify scarce skills;2. how the levels of education will be improved in the sector;3. partnerships between SETAs and public Further Education and Training (FET) colleges, Universities, training providers and industry;4. the number of bursaries awarded/to be awarded to deserving South African citizens in critical skills at 23 Universities and 50 FET colleges;5. scarce and critical skills needs in the sector, how it will be addressed and reflected in the number of learners that will be trained and placed, as well as the companies

involved;6. number of agreements signed with public FET colleges , Universities and other training providers as well as the amount approved per agreement which should also

reflect the number of learners that will be trained, types of training programmes and programmes that are in place;7. targets as reflected in the Strategic Plans and Annual Performance Plans must be credible and linked to a “Baseline ”;8. placement of lecturers in industry as part of the Service Level Agreement;9. a comprehensive plan on making the public service as a training space should be developed with targets per annum;10. rural development programmes and how it will be implemented;11. progress in the implementation of Recognition of Prior Learning;12. presence of SETAs in rural areas and townships and how and by when will it be implemented;13. establish working relationships with FET colleges, Universities and industry for the purpose of placement of students and graduates;14. ensure the placement of N3, N6 and NC(V) Level 4 FET graduates and University of Technology students requiring Work Integrated Learning (WIL) in the relevant

sector;15. quarterly reporting on the placement of N3, N6 and NC(V) Level 4 FET graduates and University of Technology students requiring Work Integrated Learning (WIL) in

the relevant sector;16. annual targets for registered and completed artisan learners by listed trade as agreed with the Chief Directorate: INDLELA to address HRDC ATD-TTT Bottleneck 1;17. monthly reports in a format determined by the Chief Directorate: INDLELA of the actual number of registered and completed artisan learners to address HRDC ATD-

TTT Bottleneck 1;18. implementation of the Policy on Generic National Artisan Learner Grant Funding and Administration System to address HRDC ATD-TTT Bottleneck 2;19. the number of persons supported to become qualified artisans within the national artisan learner Recognition of Prior Learning system determined by the Chief

Directorate: INDLELA to address HRDC ATD-TTT Bottleneck 3;

DHET SLA – 2013/14 (Proposed Targets)LEARNING PROGRAMMES PROPOSED TARGETS

Workers Entering Learnerships  1300

Workers Entering Bursaries  378

Workers Entering Skills Programmes  1040

Workers Certificated in Learnerships 844

Workers Certificated in Bursaries 171

Workers Certificated in Skills Programmes 180

Unemployed Entering Learnerships  775

Unemployed Entering Bursaries  785

Unemployed Entering Internships/Workplace experience  100

Unemployed Entering Skills Programmes 210

DHET SLA – 2013/14 (Proposed Targets)LEARNING PROGRAMMES PROPOSED TARGETS

Unemployed Certificated in Learnerships 348

Unemployed Certificated in Bursaries 222

Unemployed Certificated in Internships/Workplace experience 48

Unemployed Certificated in Skills Programmes 168

FET Graduate Placement 500

Work Integrated Learning (Universities) 0FET College Partnerships (including University of Technology partnerships) 6

AET Programmes Entered 100

AET Programmes Certificated 100

Cooperatives Supported 40 Cooperative Financial Institutions

Small Business Supported 50 SME Organisations

Career Guidance Provided 200

BUDGET PROJECTIONS

Item 2012/13 2013/14 2014/15 2015/16 2016/17

  R'000 R'000 R'000 R'000 R'000

Revenue 430 601 483 618 530 979 583 077 640 385

Revenue is made up of skills development levy income and interest income

     

Expenditure 430 601 483 618 530 979 583 077 640 385

Expenditure is made up of admin expenditure, capital expenditure, project expenditure and mandatory grant expenditure

     

Surplus/Deficit (Should be zero)

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-

-

-

-

BUDGET 2013/14

2013/14 ANNUAL PERFORMANCE PLAN

SME Support 4.2 4,900,000.00Micro-Finance MDP (with Cert. in Micro-Finance Management) 4.2 8,000,000.00Adult Education and Training 4.5 1,000,000.00Cooperative Financial Institutions Support (CBM & Fin Lit) 4.6 6,455,000.00Mobile Training Solutions 4.6 6,600,000.00Career Guidance 4.8 1,500,000.00Unizulu COE 4.2 14,555,704.00University of Fort Hare COE 4.2 5,000,000.00RPL for FAIS Compliance (additional funding to come from 2012/13 budget)4.5 0.00QCTO curriculum development 4.5 2,500,000.00Masters and Executive 4.5 7,000,000.00Doctoral and Post-doctoral 4.5 500,000.00IEDP 4.5 12,161,058.00Management Development Programme (CMD) 4.5 9,000,000.00Work Readiness Programme (graduates) 4.2 15,000,000.00Work Readiness Programme (post-matric) (SME sector) 4.2 15,000,000.00Kuyasa programme (post-graduate) 4.2 25,000,000.00Letsema programme (post-matric) 4.2 15,000,000.00Internships 4.2 3,000,000.00Learnership funding window (unemployed) 4.2 5,000,000.00Learnership funding window (employed) 4.2 10,000,000.00Bridging Programme (people with disabilities) 4.4 500,000.00FET Articulation 4.3 2,000,000.00FET Capacity Building project 4.3 25,000,000.00Merit Bursaries (prev Actuarial students bursaries) 4.2 4,500,000.00UoT work integrated learning funding window 4.3 5,000,000.00Maths/Science Support to Public Schools Programme 4.2 30,000,000.00Pivotal grant funding window 4.5 72,231,214.00Skills@work awards 4.1 200,000.00

104,500,000.00 40,955,000.00 114,392,272.00 200,000.00 46,555,704.0034% 13% 37% 0% 15%

Project BANKSETA Strategic Priority

Area 2: Youth Development (Unemployed)

BANKSETA Strategic Priority Area 4: SME (and Inclusive Finance

Support)

BANKSETA Strategic Priority

Area 3: Skills Development for

the Employed

NSDS Indicator BANKSETA Strategic Priority Area 5: Capacity building of public (FET/HET) institutions and SME providers

BANKSETA Strategic Priority Area 1:

Research, Benchmarking and

Communication

2013/14 ANNUAL PERFORMANCE PLAN (cont)

SME Support 50 SMEs/100 beneficiaries Skills Programmes (E)

Certificate in Micro Finance Management 40 Bursaries (E)Micro-Finance MDP 100 Bursaries (E)

Adult Education and Training 100 Bursaries (U)Cooperative Financial Institutions Support (CBM & Fin Lit) Co-operative Banks Training (CBM) 40 Bursaries (E)

Co-operative Banks Training (Financial Literacy) 500Career Guidance 200Mobile Training Solutions 150 SMEsUnizulu COE 100 Bursaries (U)University of Fort Hare COE 30 Bursaries (U)RPL for FAIS Compliance 800 Learnership (E)QCTO curriculum development N/ASkills Programmes for the Employed 200 Skills Programmes (E)Masters and Executive 190 Bursaries (E)Doctoral and Post-doctoral 8 Bursaries (E)IEDP 40 Skills Programmes (E)Management Development Programme (CMD) 200 Learnerships (E)Work Readiness Programme (graduates) 100 Skills Programmes (U)Work Readiness Programme (post-matric) (SME sector) 110 Skills Programmes (U)Kuyasa programme (post-graduate) 200 Learnership (U)Letsema programme (post-matric) 180 Learnership (U)Internships 100 InternshipLearnership funding window (unemployed) 150 Learnership (U)Learnership funding window (employed) 300 Learnership (E)Bridging Programme (people with disabilities) 25 Learnership (U)FET Articulation 20 Learnerships (U)FET Capacity Building project 200 Learnership (U)Merit Bursaries (prev Actuarial students bursaries) 35 Bursaries (U)UoT work integrated learning funding window 20 Bursaries (U)Maths/Science Support to Public Schools Programme 500 Bursaries (U)Pivotal grant funding window 700 Skills Programmes (E)Skills@work awards 10 awardsInternational conference prep budget N/AFET graduate placement with co-operative financial institutions (planned) 500 Graduate placement

Project Project Target (beneficiaries) DHET area

Micro-Finance MDP (with Cert. in Micro-Finance Management)

NEW/ADDITIONAL PROJECTS

Proposed Project Name Project BudgetRPL for FAIS R 20,500,000.00Merit Bursary Project R 4,000,000.00Pro-Maths Centre of Excellence project R 10,000,000.00Sector Compliance collaboration project R 3,150,000.00CMD for Micro Finance R 3,500,000.00NW Entrepreneurship development project R 4,710,000.00CIBA Microfinance Review R 483,000.00Thutuka UWC capacity-building R 22,000,000.00Graduate Enterprisation project R 6,500,000.00German Dual Education Benchmarking Study Tour R 2,100,000.00

R 76,943,000.00TOTAL

RURAL DEVELOPMENT (2013/14)• Rural accommodation strategy (Youth development initiatives)

Letsema, Kuyasa, Micro-Finance Learnership, Work Readiness Programme: travel & accommodation support for learners from rural areas to attend training

• Mobile Training Solutions (across all provinces)Implemented in urban and rural areas depending on demand (approximately 30% rural areas)

• Co-operative Financial Institution Support (across all provinces)• Maths/Science Support to Public Schools Programme

(first year pilot – KZN)6 Rural schools (Effingham, Harding, Ixopo, Ogwini Comprehensive, Port Shepstone Secondary, Umbilo)

• University of Zululand Centre of Excellence (partnership with SAICA) - (South) Uthungulu DC• University of Venda – Disability Students Unit – Vhembe district

RELATIONSHIP WITH FET COLLEGES (LEAD SETA IN THE FREE STATE)

• Identify relevant programmes and establish the necessary partnerships with all stakeholders (namely SETA's, FET executives, employers,  Provincial Government, as the case may be) to offer career guidance, vocational courses and work experience for FET learners.

• Facilitate collaboration and processes to enable the following :– Collaboration between colleges and industry– Support for curriculum development to ensure that curricular content is accurate and up-to-date and meets sector and

provincial industry needs.– Support for learner guidance in scarce and critical skills required by each sector.– Support for learner recruitment for identified programmes.

• Establish a workplace for the FS SETA collaboration to function from i.e. co-ordinate activities and disseminate Information regarding initiatives and projects in the province.

• Develop lecturer capacity (linking to a skills programme/qualification) to deliver programmes necessary for economic emancipation in the Province

• Create and maintain a database of availability of employers for all SETAs within the province. • Establish strategic partnerships for delivery inclusive of local government and the business sector.• Develop articulated professional qualifications pathways between FET Colleges and universities in the Province.• Ensure existing facilities and infrastructure are well-utilized and of a standard to ensure that the project is implemented effectively• Include rural communities in planning and delivery.• SMME Development.• Ensure quality and relevance of provision i.e. meeting the skills development needs of the province.• Conduct monitoring and evaluation activities to determine the impact of projects and the collaboration agreement within the province.

RELATIONSHIP WITH FET COLLEGES (PROGRESS SO FAR)

• Activation of office in FET College planned for 1 May 2013 (suitable candidate for management of career centre selected)

• Approval of Post-School FET Capacity Building project (project value R25 000 000) aimed at activating 6 other regional public FET's to become accredited to deliver BANKSETA-related offerings and programmes.

• BANKSETA is indebted to the Free State Chief Directorate for having provided a platform to engage and communicate with the colleges principals.

• Other challenges are being addressed relating to: - BANKSETA Presence in terms of geographical and sectoral challenges (majority of stakeholders not in the Free State)- Perceived “function” and infrastructure of the career office (BANKSETA- orientated or broader focus?)- Matching the operational requirements of the FET College infrastructure

MINISTER PRIORITY AREAS UPDATE

• BANKSETA and the Co-operative Bank Development Agency (CBDA) undertook a benchmarking trip to Malawi and Kenya in December 2012.

• BANKSETA currently has two projects for Co-operative Financial Institutions: • A project aimed at the members of Co-operative Financial Institutions addressing financial

literacy, financial management and co-operative operations • Bursaries to staff of Co-operative Financial Institutions to complete a Certificate in Co-

operative Financial Institutions at the Centre for Inclusive Banking at the University of Pretoria• Further initiatives are planned for the 2013/14 year with the Co-operative Financial Institutions

in respect of internships/workplace experience linked to the Graduate Placement Project. • The BANKSETA continues to support Youth Development initiatives as reflected in the

2013/14 Annual Performance Plan through Learnerships, Bursaries for graduates and a new Graduate Placement project for 2013/14 involving FET College graduates (provisional target is 500 graduates but discretionary grant budget is still to be determined). Graduate Enterprisation project (with SAICA Thuthuka Education Upliftment Fund) with a fund value of R6.5 million is planned to support 30 learners.