BANKSETA AR 31 AUGUST

Auditor’s Report: Predetermined Objectives The AGSA/auditor currently performs the necessary audit procedures on the performance information to provide reasonable assurance in the form of an audit conclusion. The audit conclusion on the performance against predetermined objectives is included in the report to management, with material findings being reported under the Predetermined Objectives heading in the Report on other legal and regulatory requirements section of the auditor’s report. Refer to page 121 of the Report for the Auditors Report, published as Part E: Financial Information. Overview of Performance Service Delivery Environment BANKSETA’s service delivery environment consists of a range of stakeholders in the banking and alternative banking industry. The figure below illustrates the different institutions forming part of our service delivery environment:

Banking Services

Alternative Banking Services

Government Financial Intermediaries

Central Bank

Banks Registered with SARB

Finance Companies including Micro-lenders

Co-operative Banks and Co-operative Financial Institutions

Fintech Companies

Stokvels

25

PART B: PERFORMANCE INFORMATION | BANKSETA ANNUAL REPORT 2021/22