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