BANKSETA ANNUAL GENERAL MEETING 2005 21 September 2005.
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Transcript of BANKSETA ANNUAL GENERAL MEETING 2005 21 September 2005.
BANKSETA BANKSETA ANNUAL GENERAL ANNUAL GENERAL
MEETING 2005MEETING 2005
21 September 2005
OPENING AND WELCOME OPENING AND WELCOME
TREVOR RAMMITLWA TREVOR RAMMITLWA
CORPORATE SERVICES CORPORATE SERVICES MANAGER, MANAGER,
BANKSETA BANKSETA
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. Chairman’s report – Sipho Ngidi
• 5. CEO’s 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
APOLOGIES APOLOGIES TREVOR RAMMITLWA: CORPORATE SERVICES MANAGER, TREVOR RAMMITLWA: CORPORATE SERVICES MANAGER,
BANKSETA BANKSETA
MINUTES OF PREVIOUS AGM & MATTERS MINUTES OF PREVIOUS AGM & MATTERS ARISING ARISING
TREVOR RAMMITLWA: CORPORATE SERVICES MANAGER, TREVOR RAMMITLWA: CORPORATE SERVICES MANAGER, BANKSETABANKSETA
BANKSETA ANNUAL GENERAL BANKSETA ANNUAL GENERAL MEETING 2005 MEETING 2005
CHAIRMAN’S REPORT CHAIRMAN’S REPORT
Sipho NgidiSipho Ngidi
CHAIRMAN, BANKSETA CHAIRMAN, BANKSETA
BANKSETA ANNUAL GENERAL BANKSETA ANNUAL GENERAL MEETING 2005 MEETING 2005
CEO’S REPORT CEO’S REPORT
Frank GroenewaldFrank Groenewald
CEO, BANKSETA CEO, BANKSETA
BANKSETA Guiding Principles
1. Social Transformation2. Sector participation 3. Be cost effective 4. Leading edge technology and best
practices5. Research and Benchmarking6. Be a hub for sector participation
Overview - BANKSETA2001 2002 2003 2004 2005
PER YEAR R’000 R’000 R’000 R’000 R’000
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
Mandatory grants• Total mandatory grants approved to date:
R501,316 million
2001 2002 2003 2004 2005
PER SCHEME
YEAR
R’000 R’000 R’000 R’000 R’000
Mandatory grants approved
35 224 106 148 106 766 118 298 134 881
Pay-out % 84% 96% 96% 97% 96%
Surplus funds – Projects
• Total surplus funds allocated: R162,2 million• Total surplus funds spent: R107,3 million
2001 2002 2003 2004 2005
CUMULATIVE R’000 R’000 R’000 R’000 R’000
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%
BANKSETA Council
Employer Forum1. Sipho Ngidi SBSA (Chair
Person)2. Lawrence Mlotshwa ABSA3. Sheila Motsepe SARB4. Bennie Anderson FNB5. Hennie Ferreira MFSA6. Shirley Zinn Nedcor
Employee Forum1. Eugene Ebersohn SASBO (Deputy
Chair)2. Ben Venter SASBO3. Eugene Zeeman IBSA4. Joe Kokela SASBO5. Trevor Dell SASBO6. Vanessa Hatting SASBO
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
BANKSETA
HIGHLIGHTS
The BANKSETA was re-established
as the Sector Education Training Authority for the Banking and Micro Finance industry until
2010.
Current status
• Sector Commitment• Re-establishment process• NSDS• DoL assessment
Customer Satisfaction Survey 2004
Figure N: How do you rate the BANKSETA in the following areas
53
33 33 33
43
22
42
20
44
616155
51
3733
42 45 44
33
4 410
16 14
27
1622
1242 2 2 0
106
26 8 6
41
0
20
40
60
80
100Pe
rcen
tage
(%)
Excellent Very Good Average Below Average Poor
• 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
LEARNERSHIPS
• 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
LETSEMA I LEARNERSHIP PROJECT
• Letsema II recruited 813 learners
• Learners placed in Gauteng, Free State, KZN and Western Cape
• 22 participating Employers
Budget R46 million
LETSEMA II LEARNERSHIP 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
SMME TRAINING VOUCHER PILOT PROJECT
• The implementation of the Financial Sector Charter
• SMME Development
• Youth Development
• Consumer Education and research
• Benchmarking and communication
BANKSETA STRATEGIES2005 - 2010
QUESTIONS?
GENERAL AND CLOSURE GENERAL AND CLOSURE
TREVOR RAMMITLWA : CORPORATE SERVICES MANAGER, TREVOR RAMMITLWA : CORPORATE SERVICES MANAGER, BANKSETA BANKSETA
BANKSETA
THORNHILL OFFICE PARK
BLOCK NO. 15 BEKKER ROAD MIDRAND 1685
TEL 011 805 9661
FAX 011 805 8348
WEBSITE www.bankseta.org.za