BANKSETA AR 31 AUGUST

Our Guiding Principles

I n terms of the Skills Development Act, 1998 (Act No. 97 of 1998) as amended by the Skills Development Act Amendment Act, 2011 (Act No. 26 of 2011), within the NSDP framework, BANKSETA is mandated to develop skills in the banking and alternative banking sector. It does so by: • Promoting efficient and effective governance and administration. • Increasing access to occupationally directed programmes; • Supporting career development services; • Implementing the sector skills plan (SSP) by: • Approving workplace skills plan (WSP); • Establishing learning programmes; • Linking education and the workplace • Improving the level of skills in the South African workforce; • Skills development support for entrepreneurship and cooperative development; • Identifying and increasing production of occupations in high demand. • The identification of priority skills in the sector through a credible skills planning process; • The distribution of mandatory grants to qualifying registered companies; • The distribution and management of discretionary grants that will benefit the sector at large as well as beneficiaries within the sector; • The implementation of quality assurance processes that will enhance and ensure quality provision of training that falls within the scope of the BANKSETA; • Supporting the implementation of applicable national strategic objectives as identified in the National Skills Development Plan (NSDP); and. • Promoting transformation as guided by the NSDP equity targets of 85% black, 54% female and 4% People With Disabilities (PWDs); and • Allocating grants in the prescribed manner to employers, education and training providers.

• Leverage skills levy funds for the strategic benefit of the banking and alternative banking sector • Provide quality-assured, world-class skills training services at the lowest cost • Deploy leading-edge technology • Judiciously carry out the NSDP mandate • Maintain status as a preferred human resources development partner in the banking and alternative banking sector. Strategic Focus Areas The BANKSETA has identified the following five strategic focus priorities to which relevant projects are implemented: • Technology, Digitisation and Innovation • Compliance and Risk Management • Management and Leadership Development • Markets, Products and Services • Customer Centricity Institutional Policies and Strategies over the Ten Year Planning Period (2020 2030) The BANKSETA’s implementation will be guided by the following policies and strategies:

• National Development Plan • National Skills Development Plan • National Skills Accord

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PART A: GENERAL INFORMATION | BANKSETA ANNUAL REPORT 2021/22