BANKSETA ANNUAL REPORT 2023

PERFORMANCE INFORMATION

He paid tribute to the contribution that BANKSETA is making to the project and expressed SALGA’s delight that the BANKSETA was able to listen to the call and see value in the partnership. One of BANKSETA’s reasons for being involved is to provide rural business people with the skills and competencies to have informed conversations with financial officials. • New venture formation; • Ethics and governance; • Financial management; • Marketing; • Doing business with corporates and the private sector; • Growth planning, execution, measurement; and • Managing people and operations. The first year of the project was implemented by Boago Learning Solutions, while the second and third years have been implemented by Tshokomo Business Consultancy. In addition to the training, extremely useful information has been gathered, which is providing substantial data to be used in studies to understand and inform rural development policy. The seven modules of the course are:

In addition, traditional leaders have been drawn into the partnership, which has benefitted relationships with these important leaders in the country. The next step is a national dialogue so that the three spheres of government – national, provincial and local – can have a conversation about rural development that will result in a national rural development strategy to be submitted to the Cabinet. Although the training has been rolled out in all provinces, emphasis was given to provinces that are predominantly rural, in particular KwaZulu/ Natal, Mpumalanga, Eastern Cape and Limpopo. Eastern Cape, for example, received 25% of the training. In many cases, the training proved so popular that courses were oversubscribed, with up to three times the number of people expected actually attending. Although the courses were conducted in English, facilitators were on hand at all times to assist delegates’ understanding, as well as to explain complex financial aspects to them where needed.

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BANKSETA ANNUAL REPORT 2022/23