©BANKSETA 2008
CABINET PORTFOLIO COMMITTEE
3 NOVEMBER 2009
ENABLING SKILLS DEVELOPMENT IN THE BANKING SECTOR
BANKSETA
©BANKSETA 2008
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 2008
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 2008
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 2008
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 – 206%
• 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 – 246%
• Mandatory Grants• SME Support• ABET Programme• Learnerships for employees• Skills Programmes for employees
©BANKSETA 2008
Delivering on the National Skills Development Strategy
Objective 3: Promoting employability and sustainable livelihoods through skills development – 170%
• 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 – 168%
• Niche Learnerships for unemployed learners • Letsema• Kuyasa• Thusanani Work Readiness Project• CIDA Bursaries• Bridging Programme for Learners with Disabilities• New Venture Creation Programme
©BANKSETA 2008
Delivering on the National Skills Development Strategy
Objective 5: Improving the quality and relevance of provision – 300%
• 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
©BANKSETA 2008
ALIGNMENT TO THE FUTURE IN SKILLS DEVELOPMENT
• QCTO Project• Research and benchmarking• International conference: Globalisation and the Future of
Banking
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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 and channels– CI Manual– Global and local media reach– Internal publications– Improved brand awareness
©BANKSETA 2008
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 6 2 5 13
Admin support 7 7
Unskilled 2 2
Total 31
©BANKSETA 2008
AN EFFICIENT AND EFFECTIVE ADMINISTRATIVE SYSTEM
• Governance unqualified audit• Administration 77% of allowed budget• Human resources benchmarked HR practices
Staff compliment of 27•Balanced Scorecard
fully implemented•BANKSETA Values
4 out of 5
FINANCIAL HIGHLIGHTS
• The 80% levy income increased by 14% from R288m for 07/08 to R329m for 08/09
• R98.9 million was spent on discretionary projects during 2008/09 (R74.3m 07/08)
• The mandatory grant pay-out percentage was 97% (96% 07/08)
• BANKSETA has allocated 96% of surplus funds available for discretionary projects at 31 March 2009
FINANCIAL HIGHLIGHTS
2008/09
Audited
2007/08
Audited
Annual Financial Statements R’000 R’000
SDL Levy Income – 80% 329 331 288 929
Investment income 19 828 15 233
Total revenue (incl. 80% levy income, NSF income, investment income etc.)
373 980 334 089
Total expenses (incl. admin expenses, NSF expenses, grant and project expenses etc.)
350 687 304 348
Net surplus 23 293 29 741
Cash and cash equivalents 150 535 151 263
FINANCIAL HIGHLIGHTS
Total surplus funds allocated: R528 million
Total surplus funds spent: R411 million
2006 2007 2008 2009
CUMULATIVE R’000 R’000 R’000 R’000
Surplus funds available (A)
241 766 321 526 425 552 547 727
Surplus funds allocated (B)
226 924 307 643 399 253 527 566
(B) as % of (A) 94% 95% 94% 96%
Surplus funds spent (C)
163 627 238 107 312 392 411 274
(C) as % of (B) 72% 77% 78% 78%
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 flows, new policies, new templates & new checklists) on 1st September 2009
• Registration of first QCTO curriculum and qualification – for Bank Worker occupation
HIGHLIGHTS OF THE TRAINING LAYOFF SCHEME
• BANKSETA is fully committed to participate in the stakeholder forum for the employee training layoff scheme.
• Commitment exists from the SETA to support the sector in collaboration with CCMA and DoL
• Details with regards to participation criteria in the scheme have been communicated to the sector
• Enquiries were received on the process involved by TEBA Bank and Absa.
• No formal applications to participate have been received from the sector as yet.