BANKSETA ANNUAL REPORT 2023

PERFORMANCE INFORMATION

Eastern Cape

and eight TVET colleges in the Eastern Cape and three public universities and six TVET colleges in the Western Cape. All are funded to implement projects which are continuously monitored for their effectiveness. Contact with stakeholders is maintained through attendance at relevant forums, as well as one-on-one communication through phone calls, emails and meetings. With learners, contact is maintained through inductions, monitoring and evaluation, both with the learners themselves and with their educational partners. Plans for the future include the amalgamation of the Skills for the Future and Maths and Science Support for a project that will have a joint budget and be known as “skills development initiatives for Grade 12”. It will also provide assistance for learners who have not completed matric and who have become discouraged as a result. The project will have three categories: IT, maths and science support for Grade 12, and support for matriculants who did not pass. It will also cover work readiness programmes and career options.

The work of this region covers both the Eastern and Western Cape provinces. As with Limpopo, the Eastern Cape region is also experiencing the impact of high unemployment. A number of SMEs who were registered with BANKSETA in the region have closed their businesses due to various reasons. To address this, the region also places learners in non-banking sectors, since all companies have finance departments which could potentially offer opportunities for learners. In addition, the region has offered more bursaries for students and funding for work in learning (WIL) projects and learnerships, in part to meet the targets of the Presidential Youth Employment Initiative (PYEI). Stakeholders are wide ranging, including employers, government departments, higher education institutions, unemployed and employed beneficiaries, among others. They include four public universities

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