BANKSETA ANNUAL REPORT 2023

ANNUAL FINANCIAL STATEMENTS NOTES TO THE ANNUAL FINANCIAL STATEMENTS for the year ended 31 March 2023

22. RELATED PARTY TRANSACTIONS (continued)

22.4 Technical and vocational colleges (TVETs) The BANKSETA and the TVETs are public entities under the common control of DHET.

The BANKSETA funds the following programmes through the TVETs:

- bursary programmes benefiting learners; - work integrated learning programmes benefiting learners; - various skills programmes including entrepreneurship programmes benefitting learners and stakeholders;

The year-end balances (payable and/or receivables) and outstanding commitments to the TVETS are shown at the end of note 22 below.

22.5 NSFAS The BANKSETA and the NSFAS are entities under the common control of DHET. The BANKSETA funds bursary programmes for the benefit of learners through NSFAS. The year-end balances (payable and/ or receivables) and outstanding commitments to the NSFAS are shown below.

22.6 Indlela/National Artisan Development The BANKSETA and the Indlela National Artisan Development are entities under the common control of DHET.

The BANKSETA funds training and infrastructure for the benefit of learners through Indlela.

The year-end balances (payable and/or receivables) and outstanding commitments to the NSFAS are shown below.

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PART F: FINANCIAL INFORMATION | BANKSETA ANNUAL REPORT 2022/23