BANKSETA ANNUAL REPORT 2023

LIST OF ACRONYMS 4IR Fourth Industrial Revolution 5IR Fifth Industrial Revolution AA Accounting Authority AB Alternative Banking ARC Audit and Risk Committee AFS Annual Financial Statements AGSA Auditor-General of South Africa APP Annual Performance Plan APR Annual Performance Report ATR Annual Training Report BANKSETA

Banking Sector Education and Training Authority

BASA

Banking Association South Africa

BBBEE

Broad Based Black Economic Empowerment Cape Business Process Outsourcing Co-operative Banks Development Agency

CapeBPO

CBDA

CBO CEO

Community Based Organisation

Chief Executive Officer

CETC

Community Education and Training Colleges

CFI

Cooperative Financial Institution

CFO DBE

Chief Financial Officer

Department of Basic Education

DBSA DDM DHET

Development Bank of Southern Africa

District Development Model

Department of Higher Education and Training

EA

Executive Authority

EDP EEP EEP

Executive Development Programme

Employment Equity Plan Employment Equity Policy

ERRP Economic Reconstruction and Recovery Plan ETDP-SETA Education, Training and Development Practices Sector Education and Training Authority EXCO Executive Committee FAISA Financial Advisory and Intermediary Services Act FSC Financial Services Code FSCA Financial Sector Conduct Authority GBV Gender-based Violence GDP Gross Domestic Product GRAP Generally Recognised Accounting Practice GSC Governance and Strategy Committee HEI Higher Education Institution HIV Human Immunodeficiency Virus HR Human Resources HRMS Human Resources Management System HWSETA Health and Welfare SETA ICT Information and Communications Technology ISA International Standards on Auditing

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