BANKSETA ANNUAL REPORT 2023

Institutional Programme Performance Information Programme 1: Administration PERFORMANCE INFORMATION

Purpose of Programme 1:

The administrative function provides leadership, strategic management, and administrative support to all activities of the BANKSETA ensuring effective communication with all stakeholders.

The programme’s sub-programmes and their purposes are:

Strategic Management

The purpose of the sub-programme is to co-ordinate the development of BANKSETA Strategic and Annual Performance Plans and co-ordinate monitoring of the implementation of plans and report progress on their implementation.

Purpose

Optimal Human Resource Capacity Purpose

The purpose of the sub-programme is to recruit, develop and retain the right people, in the right positions and implement an effective performance management system throughout the licensing period of the BANKSETA ensuring the retention of Investors in People Standards recognition.

Communication and Brand Awareness Purpose

The purpose of the sub-programme is to develop a marketing and communication strategy and plan for engagement, stakeholder liaison and communication with the public to increase brand awareness and ensure increasing levels of stakeholder satisfaction.

ICT Support Purpose

The purpose of the sub-programme is to enable achievement of the BANKSETA strategic and operational goals through provision of Applications, Data and Technology architecture in a safe and secure environment.

Financial Management and Reporting

The purpose of the sub-programme is to promote overall financial efficiency as measured by prudent financial management and compliance with prescripts and policies governing public finance by strengthening financial management practices in the areas of budgeting, expenditure monitoring and reporting.

Purpose

Organisational Compliance, Internal Audit and Risk Management Purpose

The purpose of the sub-programme is periodic risk assessment and audits on compliance with laws and regulations to identify potential risks and governance weakness.

Monitoring and Evaluation of BANKSETA Effectiveness and Impact Measured Purpose

This sub-programme aims to evaluate effectiveness and impact of outcomes of BANKSETA Strategy, Sector Skills Plan and APP and implement recommendations for improvements. Tracing and tracking of beneficiaries to measure the effectiveness of skills development interventions (to measure impact and inform decision making regarding skills development interventions) is also done.

Programme 1 contributes towards the following institutional outcome:

An efficient and effective SETA that complies with legislation, policy and good corporate governance principles.

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PART B: PERFORMANCE INFORMATION | BANKSETA ANNUAL REPORT 2022/23