BANKSETA ANNUAL REPORT 2023

PERFORMANCE INFORMATION

Linking performance with budgets

2022/23

2021/22

Programme/ activity/ objective Discretionary Grants

Budget

Actual Expenditure

(Over)/Under Expenditure

Budget

Actual Expenditure

(Over)/Under Expenditure

R’000

R’000

R’000

R’000

R’000

R’000

840 318

786 554

53 764 1 163 775

522 670

641 105

Strategy to overcome areas of under performance

In auditing this programme the AGSA identified the following issues:

• Various technical indicator descriptors were not specific enough and as such the way these are written should be improved on. • The BANKSETA APP now undergoes a number of reviews through assurance providers including AGSA during the Interim Audit in order to identify and correct any misalignment prior to Executive Authority approval. This practice must continue and be further enhanced. • Strategy to support career development services: The procurement of a provider to conduct workshops took place quite late in the financial year and did not leave sufficient time to implement all 20 planned workshops. The planned number of workshops must be increased so that not only the annual targets but also the 5-year target can be achieved. • Strategy to implement the Leadership Development Programme: Procurement of a provider to deliver this programme has been concluded and learners have registered on the programme. Despite a delay in implementation in the past two years, this programme is now on track and numbers are increased such that the annual target for 2022/23 and the 5-year strategy will be achieved. The timing of completion of the programme did not allow for completion in the year under review and should be improved on in future. • Strategy to improve on the delivery of the PIVOTAL programme for employees: The human resources for this sub-programme must be increased. Monitoring of progress on site must be improved and the submission by implementing partners of performance information relating to previous years must be discouraged. • Strategy to improve on the implementation of the reskilling of employees: The funding guidelines for this sub-programme has been reviewed and expanded on to allow a more flexible and pro-active approach. A partnership with a union was forged to upskill and reskill members in addition to the initiatives by employers. • Strategy to ensure target for learners with disabilities is met: Dedicated programmes for people with disabilities must be structured and implemented. • Strategy to improve overall weaknesses: Partnerships with stakeholders must be monitored closely and must be terminated where these do not progress as planned. Funds should be redirected to areas where implementation of similar programmers are successful. BANKSETA must procure service providers to deliver training in areas where implementation partners do not have the capacity to procure providers themselves. Procurement and invitations to apply for funding must be more proactive so that delivery can start sooner.

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