©bankseta 2008 cabinet portfolio committee 27 october 2010 enabling skills development in the...
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©BANKSETA 2008
CABINET PORTFOLIO COMMITTEE
27 OCTOBER 2010
ENABLING SKILLS DEVELOPMENT IN THE BANKING SECTOR
BANKSETA
©BANKSETA 2010
AGENDA
• 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
• Celebrating diversity• Professionalism• Innovation• Team work• Customer focus• Respect• Integrity
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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
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Delivering on the National Skills Development Strategy
Objective 2: Promoting and accelerating quality training for all in the workplace – 496%
• Mandatory Grants• SME Support• ABET Programme• Learnerships for employees• Skills Programmes for employees
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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
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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%
• 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
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SECTOR STRATEGIC IMPERATIVES
• 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
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ALIGNMENT TO THE FUTURE IN SKILLS DEVELOPMENT
• QCTO Project• Research and benchmarking• RPL • German Dual Education System
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VIABILITY AND RELEVANCE OF THE BANKSETA
• Customer Satisfaction Survey 4.1 out of 5• Communications and Marketing
– Development of advertising material– CI Manual– Global and local media reach– Internal publications– Improved brand awareness
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EMPLOYMENT EQUITY
Occupational Levels Male Female
Total
A C I W A C I W
Executive 1 1
Management 2 1 2 1 2 8
Specialists 5 2 5 12
Admin Support 6 6
Unskilled 2 2
Total 29
©BANKSETA 2010
EMPLOYMENT EQUITY
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AN EFFICIENT AND EFFECTIVE ADMINISTRATIVE SYSTEM
• Governance unqualified audit• Administration 91% of allowed 10% admin• Human resources benchmarked HR practices
Staff compliment of 29•Balanced Scorecard
fully implemented•BANKSETA Values
4 out of 5
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 HIGHLIGHTS2009/10
Audited
2008/09
Audited
Annual Financial Statements R’000 R’000
SDL Levy Income – 80% 328 143 329 331
Investment income 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
FINANCIAL HIGHLIGHTS
Total surplus funds allocated: R662 million
Total surplus funds spent: R567 million
2006 2007 2008 2009 2010
CUMULATIVE 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
(B) as % of (A) 94% 95% 94% 96% 101%
Surplus funds spent (C) 163 627 238 107 312 392 411 274 566 731
(C) as % of (B) 72% 77% 78% 78% 85%
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
©BANKSETA 2010
QUESTIONS?