BANKSETA

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BANKSETA ANNUAL GENERAL MEETING 2005
21 September 2005
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• OPENING AND WELCOME
• TREVOR RAMMITLWA
• CORPORATE SERVICES MANAGER,
• BANKSETA

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BANKSETA AGM AGENDA (14h00-16h00)

• 1. Opening and welcome Trevor Rammitlwa
• 2. Apologies Trevor Rammitlwa
• 3. Minutes of previous AGM and matters arising
  Trevor Rammitlwa
• 4. Chairmans report Sipho Ngidi
• 5. CEOs Report - Frank Groenewald
• - Approval of Financial Statements 2004/5
• - Approval of Annual report
• 6. Introduction of new Council Members
• 7. BANKSETA Highlights
• 8. General Trevor Rammitlwa
• 9. Closure Trevor Rammitlwa

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• APOLOGIES
• TREVOR RAMMITLWA CORPORATE SERVICES MANAGER,
  BANKSETA

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MINUTES OF PREVIOUS AGM MATTERS ARISING
TREVOR RAMMITLWA CORPORATE SERVICES MANAGER,
BANKSETA

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BANKSETA ANNUAL GENERAL MEETING 2005 CHAIRMANS
REPORT Sipho Ngidi CHAIRMAN, BANKSETA

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BANKSETA ANNUAL GENERAL MEETING 2005 CEOS
REPORT Frank Groenewald CEO, BANKSETA

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• BANKSETA Guiding Principles
• Social Transformation
• Sector participation
• Be cost effective
• Leading edge technology and best practices
• Research and Benchmarking
• Be a hub for sector participation

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Overview - BANKSETA
2001 2002 2003 2004 2005
PER YEAR R000 R000 R000 R000 R000
Project expenses paid - 3 840 17 596 35 069 50 783
Adjusted income () 56 465 137 187 150 237 156 277 192 911
Income variance - 143 10 4 23
Administration costs 5 487 10 534 12 254 13 258 15 715
Admin cost variance - 92 16 8 19
Administration surplus - Rand 7 271 3 399 3 906 3 493 6 346
Administration surplus - 57 24 24 21 29
Income adjusted for changes in estimates in
respect of previous years
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Mandatory grants

• Total mandatory grants approved to date
  R501,316 million

2001 2002 2003 2004 2005
PER SCHEME YEAR R000 R000 R000 R000 R000
Mandatory grants approved 35 224 106 148 106 766 118 298 134 881

Pay-out 84 96 96 97 96
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Surplus funds Projects

• Total surplus funds allocated R162,2 million
• Total surplus funds spent R107,3 million

2001 2002 2003 2004 2005
CUMULATIVE R000 R000 R000 R000 R000
Surplus funds available (A) 12 954 28 555 81 280 125 680 166 022
Surplus funds allocated (B) 0 28 555 69 276 126 617 162 219
(B) as of (A) - 100 85 101 98
Surplus funds spent (C) 0 3 840 21 436 56 505 107 288
(C) as of (B) - 13 31 45 66
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BANKSETA Council

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

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BANKSETA Staff
White Black Coloured Indian Total
Male 2 2 0 0 4
Female 4 6 1 0 11
Disabled 0 1 0 0 1
Vacant 4
Total 6 7 3 0 20
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BANKSETA HIGHLIGHTS
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• The BANKSETA was
• re-established
• as the
• Sector Education Training Authority for the
  Banking and Micro Finance industry until 2010.

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• Current status
• Sector Commitment
• Re-establishment process
• NSDS
• DoL assessment

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Customer Satisfaction Survey 2004

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LEARNERSHIPS

• 16 Learnerships registered (10 more in process)
• Banking sector employers participating in 22
  Learnerships including 7 learnerships registered
  by other SETAS
• 30 Employers participating in various
  learnerships
• Employed learners on learnerships increased with
  3777, now total of 4056
• Unemployed learners on niche learnerships
  increased by 71 to 406
• In addition to this, the Letsema Project
  recruited 1639 unemployed youth

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LETSEMA I LEARNERSHIP PROJECT

• Letsema I learners graduated on 19 March 2005
• 709 of original 826 completed
• - 86 completion rate
• 582 employed
• - 70 employment rate
• 8 Employers participated
• Project Cost R54 580 000-00

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LETSEMA II LEARNERSHIP PROJECT

• Letsema II recruited 813 learners
• Learners placed in Gauteng, Free State, KZN and
  Western Cape
• 22 participating Employers
• Budget R46 million

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SMME TRAINING VOUCHER PILOT PROJECT

• Project Successes
• Increase in SMME Participation to 28
• 161 Small Companies benefited
• 323 Learners received training
• Workplace Skills Plan submissions increased by
  14
• Training Vouchers Redeemed R837 606.00

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BANKSETA STRATEGIES 2005 - 2010

• The implementation of the Financial Sector
  Charter
• SMME Development
• Youth Development
• Consumer Education and research
• Benchmarking and communication

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QUESTIONS?
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GENERAL AND CLOSURE TREVOR RAMMITLWA
CORPORATE SERVICES MANAGER, BANKSETA
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BANKSETA THORNHILL OFFICE PARK BLOCK NO. 15
BEKKER ROAD MIDRAND 1685 TEL [phone] FAX 011
805 8348 WEBSITE www.bankseta.org.za