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)

22.7 South African Qualifications Authority (SAQA) The BANKSETA and SAQA are entities under the common control of DHET.

The BANKSETA needs to use SAQA data for learner certification and pays SAQA a nominal fee for this.

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

2022/23

2021/22

Net (payable)/ receivable at year-end

Net payable/ receivable at year-end

Commitment

Commitment

Nature of transaction Service fee

Type of entity

R’000

R’000

R’000

R’000

(1)

SAQA

-

-

-

194

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