Opening Richard Plant MC

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The BANKSETA welcomes its partners

• Opening Richard Plant (MC)
• 2. Chairmans Welcome
• Sipho Ngidi
• BANKSETA Future Strategies Frank
  Groenewald
• Closure Richard Plant

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BANKSETA 2005-2010 Strategic Focus
Frank Groenewald 20 May 2005
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If you want to make GOD Laugh, tell him your
future plans. (Woody Allen)
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The big question
What should we be? What should we do? Are we
adding value to our stakeholders?
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Objectives of the Skills Development Act

• Developing a culture of high quality lifelong
• learning
• Fostering skills development in the formal
• economy for productivity and employment
  growth
• Stimulating and supporting skills development in
• small businesses
• Assisting new entrants into employment

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Objectives of the Skills Development Act

• To make South Africa a more equal place for
• everyone
• Stimulate and support skills development in
• SMMEs
• Improve employment prospects for previously
  disadvantage persons and Assist new entrants into
  the labour market
• Promote opportunities for skills development in
  development initiatives.

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Objectives of the South African Qualifications
Authority Act

• Integrated National Framework
• Facilitate access, mobility and progression with
  Education Training
• Enhance Quality of Education Training
• Accelerate the redress of past discrimination in
  Education Training
• Full personal development of each learner
• Social economic development of the nation at
  large

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The Current Situation
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Stakeholders

• Business
• Labour
• Government / Departments of Labour, Education and
  Finance, Trade and Industry
• Parliament and Portfolio Committees
• NSA
• NGOs / CBOs and Youth organisations
• Unemployed
• Education and training providers
• Consultants / Vendors

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Many Voices Many needs

• Social transformation
• Employment creation
• Employability
• Poverty alleviation / eradication
• Skills development
• Charter implementation
• HIV/Aids education
• Crime prevention
• Adult Basic education
• Consumer education
• Access to Learning

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Mission statement
To promote and give effect to legislation by
establishing an education, training
and development framework to enable stakeholders
to advance the national and global position of
the banking sector.
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BANKSETA Success Factors

• Committed and Informed Sector
• Competent Council/Board providing strategic
• direction.
• Strong culture of corporate governance,
• ownership and ethics.
• Clear vision, strategies and objectives.
• Knowledgeable, competent, committed staff.
• Strong culture of needs driven delivering.
• Strong focus on evaluation and feedback

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Principles of Operations

• Accelerate social transformation through skills
  development (85,Black, 54 women, 4 disabled.)
• 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 business
  practices.
• Conduct research and benchmarking in order to
  improve the sectors competitiveness through
  skills development.
• Be a hub for sector collaboration.

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Governance - BANKSETA Council

• Employer Forum
• Sipho Ngidi SBSA (Chair Person)
• Lawrence Mlotshwa ABSA
• Sheila Motsepe SARB
• Bennie Anderson FNB
• Hennie Ferreira MFSA
• Vacant Nedcor
• Employee Forum
• Eugene Ebersohn SASBO (Deputy Chair)
• Ben Venter SASBO
• Eugene Zeeman IBSA
• Joe Kokela SASBO
• Trevor Dell SASBO
• Ntombo Nkonki-Mati SASBO

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Governance

• Fully constituted Council
• Constitution and Code of conduct
• Public Finance Management Act (PFMA)
• King ll
• Audit Committee and Finance committees
• Internal Audit ( Gobodo)
• Unqualified Audit Reports x4 ( Auditor General)
• External Expertise (Chief Financial Officer and
  Audit managers from big banks)
• Remuneration Committee
• Formally agreed processes
• Annual research conducted by experts
• Business Labour represented

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TWICE
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Customer satisfaction Survey 2004

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Customer satisfaction Survey 2004
Words used to describe the BANKSETA Energetic,
Quick to adapt to change, Dedicated, Reliable,
Ethical, Relevant, Adds value, Properly skilled,
Helpful, Always there and willing to assist,
Dynamic, Entrepreneurial, Professional,
Committed, Dedicated, Loyal, Warm, Friendly, Very
objective and fair, Sometimes a little impatient,
Effective and focused on delivery, Good balance
between task and people focus, Smart, Lean,
Ability to follow through, Very good executor
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The Future
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Strategy setting in the BANKSETA environment
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• Strategy Process
• Collect and interpret information
• Develop strategies
• Implement Strategies
• Evaluate Strategies

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• Strategy Process
• Step 1
• Collect and interpret information
• International (Trends on Finance, Banking and
  People development)
• National (GDS, NSDS, EE, BEE and Current and
  Future focus areas)
• Sectoral Initiatives ( FSC, IIP)
• Stakeholders (Business, Labour, Youth, Providers,
  Learners)

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NATIONAL ISSUES FACING THE SECTOR

• State of the Nation address
• Unemployment
• Poverty alleviation
• Employment Equity
• Broad Based Black Economic Empowerment
• HIV/AIDS
• Lack of available skilled resources
• Challenges in supply side of educated labour
• Transformation
• Financial Sector Charter

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BANKSETA Scope

• Central banking
• Discount houses, commercial and other banking
• Building Societies
• Financial mediation
• Lease financing
• Securities dealings
• Activities ancillary to financial mediation

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Stakeholders

• Business
• Labour
• Government / Departments of Labour, Education and
  Finance, Trade and Industry
• Parliament and Portfolio Committees
• NSA
• NGOs / CBOs and Youth organisations
• Unemployed
• Education and training providers
• Consultants / Vendors

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Many Voices Many needs

• Social transformation
• Employment creation
• Employability
• Poverty alleviation / eradication
• Skills development
• Charter implementation
• HIV/Aids education
• Crime prevention
• Adult Basic education
• Consumer education
• Access to Learning

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Sectoral issues to be considered
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Finance Sector Charter

• Transformation Charter developed
  voluntarily by sector and sets Principle and
  Targets for EE and BEE implementation
• Access To Financial Services, unbanked
• Human Resource Development
• Procurement Policies
• Enterprise Development
• Empowerment Financing
• Ownership In Financial Sector
• Control In Financial Sector
• Shareholder Activism
• Corporate Social Investment

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Banking Sector Employment Trends

• Shrinking employment (Previously) - now stable
• Professionals and Associated Professionals in the
  broader banking sector
• Movement 30 to 40 in 2 years
• Employment by race
• 5 increase in Africans
• 1 increase in Coloureds
• 3 increase in Indians
• 9 decrease in Whites
• Compared to 2001 data

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SKILLS DEVELOPMENT PRIORITY AREAS (critical)

• Information Technology related skills development
  
• Management and Leadership skills development
• Customer Interface related skills development
• Specialist Financial skills development
• Legislative Compliance relates skills development
  

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Legislation and Regulation
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Funding for 2005 - 2010
Mandatory Grant 50 (R 100 M)
MUST Discretionary Grants 20 (R 40 M)
MAY Operational Funds 10 ( R 20 M) National
skills Fund 20 (R 40 M) 5 escalation from
2006-2010
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Funding for 2005 - 2010

• Mandatory Grant 50
• Workplace skills plans
• Implementation Reports
• Discretionary Grants 20
• Sector strategies
• NSDS grants
• Operational Funds 10
• National skills Fund 20
• NSA via NSF Funding Windows

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Strategy Process Step 2 Develop
strategies Objectives    
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• Future Strategic Focus
• (Sector and National-NSDS)
• Finance Sector Charter
• Youth development
• Consumer Education
• SMME Development
• Research, Benchmarking and Communication

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Objective 1 The Finance Sector Charter The
BANKSETA will support the implementation of the
Financial Sector Charter by creating Projects,
initiatives and funding windows that will enable
the development of employed people, unemployed
potential employees and consumers
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Strategy Process Step 3 Implement
Strategies Business plan    
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SMMEs (Example)

• Site / Workplace visits
• Simplified workplace skills plans and reports
• Internet submissions
• Telephone submissions
• Call center submissions
• Simplified mandatory grant claims process
• Training Voucher scheme
• Micro Finance skills project -Training Material
• Research and benchmarking grants

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BANKSETA Strategy matrix
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Objective 1
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Objective 2
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Objective 3
To Be Determined
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Objective 4
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Objective 5
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Discretionary Grants

• Funding Windows Approach
• Request for Proposals Approach

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Strategy Process Step 4 Evaluate
Strategies Gap Analysis Customer Satisfaction
Survey/ Board Reporting Quarterly Reporting to
DoL / Treasury    
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BANKSETA Biggest Threats

• Lack of focus
• Many small initiatives / no critical mass
• Negative public perception
• Unrealistic expectations (Cannot be all things to
  all people)
• Unrealistic performance expectation in relation
  to the NSDS

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The Future

• Operational
• Governance
• Human Resource Practices and People
• Investor in People
• Project management approach
• BEE (specific focus on procurement)
• Strategic (Sector and National-NSDS)
• Transformation
•   Finance Sector Charter
•  SMME Development
• Youth development
•   Consumer Education (Broad interpretation)
•   National Skills Development Strategy

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THANK YOU
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BANKSETA THORNHILL OFFICE PARK BLOCK NO. 15
BEKKER ROAD MIDRAND 1685 Call Centre 086 102
0002 TEL [phone] FAX [phone] WEBSITE
www.bankseta.org.za