BANKSETA AR 31 AUGUST

PERFORMANCE INFORMATION

Strategy To Overcome Areas Of Under Performance

Areas of underperformance included the indicator on ICT compliance with relevant DPSA frameworks, payment of invoices within the legislated 30 days, the slow execution of the procurement plan and tracking of learners who completed in the previous years. BANKSETAwill be initiatingaproject toaddress its ICT environment by undertaking a detailed assessment of its ICT functionality and frameworks (Enterprise Architecture and COBIT maturity assessment) in the following year. The entity continues to monitor the payment of supplier invoices on a weekly basis and is addressing the slow execution of the procurement plan by starting procurement earlier to avoid delays. Training of

and placing more responsibility on Bid Specification Committees and Bid Evaluation Committees to complete work on time. Strategies to improve the BANKSETA performance will include the following: • Constant reflection on the BANKSETA’s operations • Strengthening of Monitoring and Evaluation • Increasing our human resource capacity • Staff development

• Improving our technology • Team building exercises • Constant gratification for good work

Linking Performance with Budgets

2020/2021

2021/2022

Programme/ Activity/ Objective

Actual Expenditure

(Over)/Under Expenditure Budget

Actual Expenditure

(Over)/Under Expenditure

Budget

R’000

R’000

R’000

R’000

R’000

R’000

Admin

108 350

88 523

19 827

96 255

84 031

12 224

Programme 2: Skills Planning Purpose : To ensure that appropriate and relevant research and benchmarking studies are conducted to provide input into the development of high quality and credible Sector Skills Plan and the Strategic Plan for the banking and alternate banking sector. A Sector Skills Plan is developed for the banking and alternate banking sector that reflects the labour market demands. The Programme consists of the following three sub programmes: Evaluation and approval of Workplace Skills Plans and Annual Training Reports for mandatory grant claims • ResearchandBenchmarking: Thedevelopment of a research agenda and ensuring that all research including benchmark studies is conducted • Mandatory Grant Claims:

• Sector Skills Plan: Development, updating and dissemination of the Sector Skills Plan. • The budget allocated to this programme will directly impact on performance targets through the budget being utilised towards: • Optimal human resources to implement programme targets (administration budget) • Implementation/delivery of research agenda (discretionary grant budget) The budget for mandatory grants will be directly affected by the performance target of the number of WSP/ATR submissions approved.

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