BANKSETA ANNUAL REPORT 2023

Minister of Higher Education, Science and Innovation Dr Bonginkosi Emmanuel ‘Blade’ Nzimande

Deputy Minister of Higher Education, Science and Innovation Mr Buti Kgawaridi Manamela

Dr Bonginkosi Emmanuel ‘Blade’ Nzimande Department of Higher Education and Training 123 Francis Baard Street Pretoria 0001

Dear Honourable Minister,

REPORT TO THE HONOURABLE MINISTER OF HIGHER EDUCATION, SCIENCE AND INNOVATION IN TERMS OF SECTION 10 (2) OF THE PUBLIC AUDIT ACT, 2004 (ACT NO 25 OF 2004) In terms of the provision of Section 10 (2) of the Public Audit Act of 2004, it is an honour to submit the annual report for the financial year ended 31 March 2023. This report presents the affairs of the Banking Sector Education and Training Authority (BANKSETA) its operations, financial performance and developments across all performance targets, set out with the Department of Higher Education and Training. It gives me great pleasure to announce that the Audit and Risk Committee, which was established in terms of Section 40 of the Act, is satisfied with BANKSETA’s audited financial statements and modified audit opinion. The BANKSETA team would like to thank you for the unwavering support we have received during the performance period under review. We look forward to another dynamic financial year with challenging targets to enhance the skills development and training of the sector we prudently serve.

Yours faithfully,

Mr Eubert Mashabane Chief Executive Officer

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BANKSETA ANNUAL REPORT 2022/23