BANKSETA AR 31 AUGUST

Comments for Noting

It must be noted that the output indicator

for the 2021/22 year is the payment of

mandatory grants

measured by the

mandatory grants claims ratio

Reasons for Deviations

>95% 98% At least 95% 97.92% 2.92% BANKSETA makes

concerted efforts to encourage and support

levy payers to successfully

submit WSPs and ATRs in

order to be paid

their mandatory grant

2 Companies

did not submit, 2 Companies

closed down and 12

companies

are now in a

different size

classification.

The baseline data when

setting targets for the next

financial year

will be reviewed

so that it reflects

more accurately

from Planned Target to Actual

Deviation

Achievement 2021 - 2022

Large: -3

Medium: -5 Small: 1

Actual

Achievement

Large:73

Medium: 40

Small: 302

Planned Annual Target

pay-out rate of

mandatory grants

477 Large: 76

Medium: 45

Small: 301

Audited Actual Performance 2020 - 2021

Actual

Audited

Performance 2019 - 2020

Total 498

Large: 76

Medium: 50

Small: 372 of

which 129 levy paying

Output

Indicator

Payment of

Mandatory grants

Mandatory

Grants Claims Ratio

Increased

participation rates of

employers in

WSP process

Annual Performance Report for the Period 1 April 2021 to 31 March 2022 Outcome Output Encourage & simplify WSP submissions for employers

A credible

sector skills planning

mechanism

that identifies

relevant skills priorities to meet the

labour market

demands for

the banking

and alternative

banking sector

Programme2: Skills Planning 2.1 Mandatory Grants

42

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