BANKSETA ANNUAL REPORT 2023

PERFORMANCE INFORMATION Entrepreneurship programme Key outputs are that SMEs that are impacted by this intervention, create employment and sustain and grow their businesses. 500 businesses were supported during the year under review and the sub-programme is positively received by stakeholders. Challenges are the limited funding available. Additional funding has been requested for the new financial year so that reach can be increased. The sub-programme contributes to the institutional outcomes by providing skills development support for entrepreneurship and cooperative development. Key outputs in the year under review were 1 500 rural SMEs supported. The project is vital in supporting and accelerating growth of rural SMEs to address underdevelopment, unemployment and poverty in support of the national rural development strategy and district development model. The project is well received and is implemented under the cooperation agreement with SALGA to ensure social cohesion through developing local economies. Sufficient funds are allocated to the programme, which contributes to the institutional outcomes by providing skills development support for entrepreneurship and cooperative development. Key outputs are skilled leadership and the addressing of equity in senior management in the development finance sector. During the year, 20 executives were placed on to an executive programme in development finance. No challenges were experienced as the programme is well regarded by stakeholders. It contributes to the institutional outcomes by improving managerial skills in the South African workforce. Rural areas focused training Executive development programme: Development finance

Doctoral and post-doctoral bursaries

A key output of this programme is that stakeholders acquire employees who are experts in their various fields of knowledge. Beneficiaries acquire knowledge that contributes to the development of the banking and alternative banking sector. This year, the participation of Doctoral and Post Doctoral beneficiaries in the sector increased. In terms of expenditure, increased funding will allow more beneficiary participation in the programme. Employers are requested to encourage beneficiaries to complete their studies in good time. The BANKSETA will be engaging with stakeholders to address low uptake and increase participation in the programme. Key outputs are to support new and existing businesses to achieve sustained economic growth in all sectors and reducing unemployment and stimulating growth of the economy that has been severely impacted by the global pandemic. No challenges were encountered and the programme was positively received with sufficient budget made available. Employment Reconstruction and Recovery Programme (ERRP)

Sufficient budget was available.

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BANKSETA ANNUAL REPORT 2022/23