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BANKSETA ANNUAL GENERAL MEETING 2005 21 September 2005 OPENING AND WELCOME TREVOR RAMMITLWA CORPORATE SERVICES MANAGER, 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 TREVOR RAMMITLWA: CORPORATE SERVICES MANAGER, BANKSETA MINUTES OF PREVIOUS AGM & MATTERS ARISING TREVOR RAMMITLWA: CORPORATE SERVICES MANAGER, BANKSETA BANKSETA ANNUAL GENERAL MEETING 2005 CHAIRMAN’S REPORT Sipho Ngidi CHAIRMAN, BANKSETA BANKSETA ANNUAL GENERAL MEETING 2005 CEO’S REPORT Frank Groenewald CEO, BANKSETA BANKSETA Guiding Principles 1. Social Transformation 2. Sector participation 3. Be cost effective 4. Leading edge technology and best practices 5. Research and Benchmarking 6. Be a hub for sector participation Overview - BANKSETA PER YEAR Project expenses paid 2001 2002 2003 2004 2005 R’000 R’000 R’000 R’000 R’000 - 3 840 17 596 35 069 50 783 56 465 137 187 150 237 156 277 192 911 - 143% 10% 4% 23% 5 487 10 534 12 254 13 258 15 715 - 92% 16% 8% 19% Administration surplus - Rand 7 271 3 399 3 906 3 493 6 346 Administration surplus - % 57% 24% 24% 21% 29% Adjusted income (#) Income % variance Administration costs Admin cost % variance # Income adjusted for changes in estimates in respect of previous years Mandatory grants • Total mandatory grants approved to date: R501,316 million PER SCHEME YEAR 2001 2002 2003 2004 2005 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 CUMULATIVE 2001 2002 2003 2004 2005 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 Forum 1. 2. 3. 4. 5. 6. Sipho Ngidi Lawrence Mlotshwa Sheila Motsepe Bennie Anderson Hennie Ferreira Shirley Zinn SBSA (Chair Person) ABSA SARB FNB MFSA Nedcor Employee Forum 1. 2. 3. 4. 5. 6. Eugene Ebersohn Ben Venter Eugene Zeeman Joe Kokela Trevor Dell Vanessa Hatting SASBO (Deputy Chair) SASBO IBSA SASBO SASBO 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 Total 4 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 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 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 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 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 BANKSETA STRATEGIES 2005 - 2010 • The implementation of the Financial Sector Charter • SMME Development • Youth Development • Consumer Education and research • Benchmarking and communication QUESTIONS? GENERAL AND CLOSURE TREVOR RAMMITLWA : CORPORATE SERVICES MANAGER, 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